Memecoins
Celebrity meme coins ridiculed by famous NFT artist
Andrew Tate, Iggy Azalea, and their Solana-based meme coins have once again found themselves at the center of attention in the crypto community.
Beeple, a renowned digital artist in the cryptocurrency industry, has unveiled his latest artwork, “Mother and Daddy (2024).” This digital piece is a modern take on Grant Wood’s iconic “American Gothic,” featuring rapper Iggy Azalea and influencer Andrew Tate.
The release of this artwork comes amid a wave of celebrity meme coin releases, including the Tate Daddy Tate (DADDY)-inspired meme coin and the Azalea’s Mother Iggy (MOTHER) meme coin.
Source: Beep/X
Beeple rose to fame after breaking a record for selling his NFT artwork for a whopping $69 million during the 2021 NFT hype. During that time, celebrities actively endorsed countless NFT projects, most some of which, however, did not survive the massive market decline that followed.
Beeple’s new NFT offers a satirical take on celebrity crypto influencers from that era. According to the artist, celebrity involvement in meme coins exemplifies how digital finance transcends borders, fostering economic instability and risk for many.
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Australian rapper and entrepreneur Iggy Azalea has recently received a lot of attention in the cryptocurrency world. In early June he launched his token, MOTHER, which skyrocketed almost 2,000% in just two days.
Azalea then went up against Ethereum’s Vitalik Buterin, who criticized Celebrity-endorsed digital assets that focus on direct monetization without any added value.
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Andrew Tate took the opportunity to capitalize on MOTHER’s enthusiasm with his response to the Azalea meme coin. He announced a $1 million investment in Solana meme coins.
I heard about a coin called mother, so now I support a coin called $DAD turn it over in favor of patriarchy.
We’re bringing the G’s back, make me a fucking sandwich, bitches.
Then I’ll set fire to my dad because I don’t want money, I just want chaos.
Superior G.
—Andrew Tate (@Cobratate) June 11, 2024
However, some community members doubt the initial investment request. Various experts go this far implying privileged activity during the launch of DADDY.