A non-fungible token modeled on the mysterious Bitcoin founder Satoshi Nakamoto as Pepe The Frog sold for $350,000 (about Rs. 2.5 crores). NFTs created around the meme Pepe the Sapo have been popular for some time. The meme, which is a viral phenomenon, has given rise to a series of ancient non-fungible tokens (NFTs). The tokens are known as Rare Peeps and were coined as a set of digital collectible cards in the 2010s. The Satoshi Nakamoto-inspired NFT is the latest to enter the list of Pepe Frog collectibles that sold for a fee nothing modest.
The NFT in question is a digital card with a caricature of a green-skinned man and the words “Nakamoto Card” printed on the image. Below it are details, as in other cards. Says: “(Heart Emoji) = 15 Atk = 3 Spd = 1 He = Fire.” This is followed by a description that reads: “Bitcoin Creator. One of the rarest Pepes around. Rarity score = 97. ” The subject of green meat is the signature of the meme Pepe the Frog.
– Emblem Vault Bot (@EmblemVaultBot) August 30, 2021
But why Satoshi Nakamoto? Satoshi Nakamoto is arguably one of the most elusive names in cryptocurrency history. The name is used to refer to the person or group of people who developed Bitcoin, the most popular cryptocurrency. Although many attempts have been made to identify the face behind the name, the jury has yet to decide who Satoshi Nakamoto is.
So who is NFT modeled on? The NFT meme in question bears a resemblance to Dorian Nakamoto, who was identified as the coin maker by Newsweek in 2014. He has, however, denied all these claims. Bitcoin price in India was around Rs. 37.15.843 at 6 pm on August 31st.
The tokens were listed on the dominant NFT market, OpenSea, attracting buyers from around the world. Speaking of the interest aroused around NFTs based on the Pepe the Frog meme, Emblem Vault co-founder Shannon Code told CoinDesk: “One of the things we’ve witnessed is that the all-time highs for these Rare Pepes are folding. or tripling over the past few weeks, specifically due to the fact that they have access to capital on OpenSea and, more broadly, on the Ethereum blockchain. ”
The card is believed to have been issued in September 2016.