Here is the story of the Bitcoin and Ethereum meme posted by Elon Musk this week, which then sold for 5 WETH and is now relisting for 69.42 WETH.
On October 21, Tesla CEO and eccentric billionaire Elon Musk posted a meme depicting a couple lying on a sofa and watching Bitcoin and Ethereum price on the wall monitor, which showed $69,00 for Bitcoin and $4,200 for Ethereum.
Even though he didn’t mention the author, she was still happy with Musk’s attention to his “Love in The Time of Web3” meme and within two days sold it for 5 packaged Ethereum. That’s around $19,800, according to CNBC.
Now the meme is relisting for almost 70 WETH.
Elon Musk is “the ultimate meme lord”
The person who created the meme is a self-proclaimed “hobby artist”, 28-year-old Eva Beylin. When she learned that Musk had posted her meme, she told CNBC she was over the moon, adding:
“The ultimate prize of memeology is for the ultimate meme lord to use your meme”
Beylin loves Web3, which includes decentralized internet apps, blockchain, and things like NFTs.
The meme sold two days later, Beylin is not initial author of it
“Love in The Time of Web3” was auctioned as an NFT on Zora platform on the night Musk tweet it and two days later the non-fungible token was sold for 5 wrapped ETH (around $19,800).
However, Beylin is not the initial author. She chose the photo of another Twitter user – @shegenerates – who posted it as a joke. To compensate them, Beylin offered them 20 percent from the NFT sale.
The aforementioned Twitter user didn’t care and she told CNBC.
Now, Beylin plans to reinvest her proceeds from the sale into NFTs of other artists. Meanwhile, the person who bought the meme released by Musk is releasing it for sale for 69.42 ETH packaged.
They promised Beylin 15 percent of the price the meme will be sold for.
