<ul><li>The <keyword id="3426202" type="General" weightage="20" keywordseo="doge-meme" source="Orion">Doge meme</keyword> <keyword id="10848592" type="General" weightage="20" keywordseo="non-fungible-token" source="Orion">non-fungible token</keyword> (<keyword id="4668945" type="General" weightage="20" keywordseo="nft" source="Orion">NFT</keyword>), which sold for $4 million back in June, can now be owned by anyone.</li><li>The owner, an organisation called PleasrDAO, is splitting the NFT into 17 billion pieces and putting them up for auction tonight at 10:00 pm Indian Standard Time (IST).</li><li>Only 20% of the new ERC-20 tokens called ‘$DOG’ will be going up for auction initially and 25% are being set aside for the coin’s development as well as associated projects.</li></ul>The iconic Doge meme non-fungible token (NFT), which was sold for a massive $4 million back in June, made history by becoming the most expensive meme <a href="http://coindcx.com">NFT</a> ever sold. And, now its new owner plans to auction off the NFT by dividing it into 17 billion pieces. The <keyword id="12002196" type="General" weightage="20" keywordseo="original-nft" source="Orion">original NFT</keyword> —a meme based on a Shiba Inu named Kabosu — was sold by the dog’s owner, Atsuko Sato, to PleasrDAO — a decentralised autonomous organisation that focuses on art. On September 1 at 10:00 Indian Standard Time (IST), <a href="https://pleasr.mirror.xyz/7hpdJOWRzQx2pmCA16MDxN2FiA3eY6dwcrnEtXKnCJw">PleasrDAO</a> plans to let others bid for their stake on Miso, an open-source smart contract platform. Simply put, the holy grail of internet culture is now open to community ownership — anyone can own a piece of it. <div type="ExtQuote" text="Doge ownership gives you access to an exclusive set of activities, both on- and woofline." auname="Statement by PleasrDAO on the fractionalisation of the Doge meme NFT"></div> <cmsannotation type="cmsannotation" annotationid="What does fractionalisation mean?" comment="subhead" text="What does fractionalisation mean?">What does fractionalisation mean?</cmsannotation> According to PleasrDAO, the auctioning of the Doge NFT is akin to the Louvre fractionalising the Mona Lisa and distributing a portion of it for the public to own. The Doge NFT will be fractionalised into 16,969,696,989 ERC-20 tokens named ‘$DOG’. And, initially only 20% of that will be up for purchase. One fourth of it has been allocated to $DOG community programs and future development of the coin. The rest will be auctioned off once $DOG reaches ‘full meme escape velocity’, which in the crypto world means when the price is expected to keep rising even if supply is increased. Simply put, PleasrDAO will only open up the supply tap once the token has enough strength and speed to continue its positive momentum. And, this is not the first time that PleasrDAO has gone the way of community ownership. They also bought Snowden’s landmark win, which ruled that the US’ National Security Agency (NSA) violated the law with their mass surveillance techniques. <cmsannotation type="cmsannotation" annotationid="What makes the Doge meme NFT so special?" comment="subhead" text="What makes the Doge meme NFT so special?">What makes the Doge meme NFT so special?</cmsannotation> The Doge meme holds a special space in the heart of the crypto community. Shiba Inu is actually a girl, not a boy as many assume, who was rescued from a puppy mill by Sato — a Japanese kindergarten teacher. Kabuso came into the limelight on Atsuko blog, where she published posts to raise awareness about the dangers of puppy mills. In 2013, it was made the face of a cryptocurrency ‘as a joke’ by tech billionaire Jackson Palmer. Less than a year from coming into existence, the Dogecoin community on Reddit pooled funds together in order to send the Jamaican bob-sled team to the Winter Olympics in Russia. But, that was the last anyone heard of the coin for a while — that is until tech billionaire Elon Musk stepped into the picture with the legendary tweet, “Who let the Doge out?” <div type="twitter" handle="elonmusk" handlename="Elon Musk" image="http://pbs.twimg.com/profile_images/1423663740344406029/l_-QOIHY_normal.jpg" favoritecount="775324" retweetcount="111757" status="🎶 Who let the Doge out 🎶" createdat="1612736714000" id="1358542364948668418"></div> Skipping over the many controversies since then, Doge is currently the seventh largest cryptocurrency in the market at a market valuation of $36.9 billion, according to data by <a href="https://coinmarketcap.com/currencies/dogecoin/">CoinMarketCap</a>. SEE ALSO: <a href="https://www.businessinsider.in/investment/news/no-one-crypto-coin-to-rule-them-all/slidelist/85826744.cms">No one (crypto) coin to rule them all</a> <a href="https://www.businessinsider.in/investment/news/ethereum-killer-solana-surges-hits-all-time-high-net-worth-surges-to-30-billion/articleshow/85802473.cms">‘Ethereum Killer’ Solana hits another all time high — net worth surges to $30 billion</a> <a href="https://www.businessinsider.in/investment/news/sec-chief-gary-gensler-says-cryptocurrency-platforms-are-too-big-to-survive-without-regulation/articleshow/85829462.cms">SEC chief Gary Gensler says cryptocurrency platforms are too big to survive without regulation</a>

The most expensive meme NFT ever sold will be auctioned off in 17 billion pieces tonight

<ul class="summary-list"><li>The "<keyword id="1990795" type="PERSON" weightage="60" keywordseo="doge">Doge</keyword>" meme, which emerged online in 2013, sold as a nonfungible token (<keyword id="4668945" type="PERSON" weightage="60" keywordseo="nft">NFT</keyword>) on Friday.</li><li>The $4 million sale marks the highest bid for an NFT meme thus far. </li><li>"Doge" joins the ranks of other viral videos and <keyword id="1605152" type="PERSON" weightage="60" keywordseo="Memes">memes</keyword> to earn their creators money via NFT sales.</li></ul>The iconic "Doge" meme smashed the record for the most expensive meme nonfungible token (NFT), selling at <keyword id="1639" type="ORGANIZATION" weightage="60" keywordseo="Auction">auction</keyword> on Friday for more than $4 million.The sale of the famed image of an excited Shiba Inu was <a href="https://www.nbcnews.com/pop-culture/pop-culture-news/iconic-doge-meme-nft-breaks-records-selling-roughly-4-million-n1270161">first reported by NBC News.</a> Friday's sale made "Doge" the highest-earning NFT meme of all time, NBC <keyword id="6355005" type="UNKNOWN" weightage="60" keywordseo="news">News</keyword> reported. The meme was put up for <a href="https://zora.co/0x337071a7e907f5a599747a2c9baf6efdf7eb4bcc/3366">auction on Tuesday on the auction site Zora</a>, and the winner, @pleasrdao, was named on Friday with a bid of 1,696.9 Ethereum cryptocurrency, which is worth about $4 million.The meme was sold by Atsuko Sato, the owner of the eponymous "Doge.""Doge" emerged online in 2013 as a meme using overlaid Comic Sans text to describe the dog's fictional inner monologue. It quickly became one of the internet's most ubiquitous images, with others sharing the meme with their own spins on the dog's internal monologue.Text used over the "Doge" meme typically <a href="https://the-toast.net/2014/02/06/linguist-explains-grammar-doge-wow/">uses an improper modification structure,</a> crafting phrases like "much hungry" or "very NFT."After the meme became popular in 2013, two software engineers created a cryptocurrency called Dogecoin as a joke in the meme's honor. But, <a href="https://www.barrons.com/articles/dogecoin-started-as-a-joke-now-its-too-important-to-laugh-off-51620229273">as Barron's reported in May</a> of this year, the crypto is "too important to laugh off." "Doge" joins the ranks of several other memes and viral videos whose creators have cashed in on fame through NFT sales.In April, the <a href="https://www.insider.com/disaster-girl-made-half-million-selling-her-meme-as-nft-2021-4">"Disaster Girl" meme</a>, a 2005 photo that became one of the most famous memes on the early internet, was sold as an NFT for nearly half a million dollars. <a href="https://www.businessinsider.com/ethereum-nft-meme-art-nyan-cat-sells-for-300-eth-2021-2">The Nyan cat gif was sold as an NFT</a> for close to $600,000 in February. Other viral images like <a href="https://www.businessinsider.com/bad-luck-brian-meme-nft-crypto-art-blockchain-ethereum-foundation-2021-3">"Bad Luck Brian"</a> have sold for tens of thousands of dollars. NFT sales are helping some online creators finally earn additional money off of their famous content. The creator of the "David After Dentist" YouTube video from 2009, which depicts a boy experiencing the side effects of medication after a dental procedure, <a href="https://www.businessinsider.com/nft-david-after-dentist-viral-youtube-video-sold-2021-5">told Insider he would use the money</a> from that video's NFT sale to help finish paying off his two sons' college tuitions. Chris Crocker, an entertainer whose famous 2007 "Leave Britney Alone" video sold for over $41,000 in April to an anonymous buyer, <a href="https://www.businessinsider.com/chris-crocker-leave-britney-alone-video-youtube-nft-free-britney-2021-4">told Insider in a previous interview</a> that the video, which defined his online persona, made him no money at all. "I didn't really get anything from [the video] other than to be put in a box for the next 14 years," Crocker told Insider.

Famed 'Doge' meme NFT sells for record-breaking $4 million at auction

<ul><li>The <keyword id="3426202" type="General" weightage="20" keywordseo="doge-meme" source="Orion">Doge meme</keyword>, which is the face of the world’s eighth largest cryptocurrency, has exploded in value after being fractionalised — or split into 17 billion parts.</li><li>The non-fungible token (<keyword id="4668945" type="General" weightage="20" keywordseo="nft" source="Orion">NFT</keyword>) was sold for $4 million in June and now it’s estimated value has ballooned to $220 million.</li><li>20% of the <keyword id="12019428" type="General" weightage="20" keywordseo="doge-meme-nft" source="Orion">Doge meme NFT</keyword>’s 17 billion pieces were auctioned off last night, on September 2, for anyone to buy.</li></ul> The most expensive meme non-fungible token (NFT), a picture of the <keyword id="1985091" type="General" weightage="20" keywordseo="dogecoin" source="Orion">Dogecoin</keyword>’s Shiba Inu called Kabuso, sold for $4 million in June. After being <a href="https://www.businessinsider.in/investment/news/doge-meme-nft-is-being-auctioned-off-in-17-billion-pieces/articleshow/85833023.cms">fractionalised into 17 billion pieces</a> — split up to allow for community ownership — the <a href="http://coindcx.com">NFT</a> is now valued at $220 million. That’s 55 times more than how much PleasrDAO, a decentralised autonomous organisation, bought it for just over two months ago. <div type="Article" hostid="261" msid="85833023" title="The most expensive meme NFT ever sold will be auctioned off in 17 billion pieces tonight" mstype="2" mssubtype="0"></div> To be fair, the hype around NFTs has been growing rapidly during the same time. The upcoming Bored Ape Yacht Club NFT auction by <a href="https://www.sothebys.com/en/buy/auction/2021/ape-in/101-bored-ape-yacht-club">Sotheby’s</a> is expected to fetch up at least $12 million. The current highest bid, as of 4:30 pm Indian Standard Time (IST), is at $4.5 million. According to the aggregation site NonFungible, the total number of NFT sales has exceeded 6 lakh in the last 30 days coming in at a massive $2.3 billion in value. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[<iframe title="The sales value of NFTs has boomed in 2021" aria-label="Interactive line chart" id="datawrapper-chart-STDPS" src="https://datawrapper.dwcdn.net/STDPS/1/" scrolling="no" frameborder="0" style="width: 0; min-width: 100% !important; border: none;" height="400"></iframe><script type="text/javascript">!function(){"use strict";window.addEventListener("message",(function(e){if(void 0!==e.data["datawrapper-height"]){var t=document.querySelectorAll("iframe");for(var a in e.data["datawrapper-height"])for(var r=0;r<t.length;r++){if(t[r].contentWindow===e.source)t[r].style.height=e.data["datawrapper-height"][a]+"px"}}}))}();</script>]]></cdata></div> <cmsannotation type="cmsannotation" annotationid="Doge meme NFT goes from $4 million from $220 million" comment="subhead" text="Doge meme NFT goes from $4 million from $220 million">Doge meme NFT goes from $4 million from $220 million</cmsannotation> According to PleasrDAO, selling of the Doge meme NFT is akin to the Louvre auctioning off stake for the common man to own a piece of the Mona Lisa. The Doge meme — also called the ‘holy grail of internet culture’ — is currently the face of Dogecoin, the eighth largest cryptocurrency in the market with a market cap of $39.35 billion. While the NFT was split into 17 billion parts, only 20% — which comes up to around 3.4 billion — were put up for auction on September 2. Each portion, an ERC-20 token named $DOG, is priced at 0.0000035186 Wrapped Ethereum (WETH), which is around $0.013. The auction generated 11,942 WETH, which comes up to $44.6 million and puts the overall nominal value of the Doge meme NFT at $220 million. According to some — like the fractionalised token platform called Fractional — that’s still at the low end of the scale. The actual value could be even higher at around $398 million. SEE ALSO: <a href="https://www.businessinsider.in/investment/news/vitalik-buterin-tells-elon-musk-what-love-is/articleshow/85869483.cms">‘X AE A-12 don’t hurt me’ — Vitalik Buterin tells Elon Musk what love is</a> <a href="https://www.businessinsider.in/investment/news/doge-meme-nft-is-being-auctioned-off-in-17-billion-pieces/articleshow/85833023.cms">The most expensive meme NFT ever sold will be auctioned off in 17 billion pieces tonight</a>

Doge meme NFT's value flies from $4 million to $220 million overnight after getting split into 17 billion pieces

<ul class="summary-list"><li>An <keyword id="1105" type="PERSON" weightage="60" keywordseo="art">art</keyword> exhibition in <keyword id="24349" type="COMPANY" weightage="60" keywordseo="Hong-Kong">Hong Kong</keyword> honors the history of old and new internet <keyword id="1605152" type="PERSON" weightage="60" keywordseo="Memes">memes</keyword>.</li><li>Visitors can get temporary tattoos, make custom memes in photo booths, or play in a 4D interactive zone.</li><li>The "meme museum" exhibition was launched in July with meme website 9GAG.</li></ul>Memes are front and center at a new exhibit held in Hong Kong.The exhibition runs through early September and is being touted as the world's first Meme Museum. It features seven main areas that showcase the internet's most renowned inside jokes, according to <a href="https://www.instagram.com/p/CRYDiaiLQ5u/?utm_source=ig_embed&amp;ig_rid=cc862bda-ddd3-4d9a-b612-e38849431fe91fe9">K11 Art Mall's Instagram page.</a> The seven-story mall in Tsim Sha Tsui looks to <a href="https://www.k11.com/corp/brand-story/#vision">"bring art back into everyday living"</a> by featuring exhibits on its shopping premises.The exhibition was launched in July with 9GAG, a Hong Kong-based website known as a <a href="https://www.businessinsider.com/viral-meme-platform-9gag-is-launching-a-media-company-2019-8">meme-sharing platform.</a><blockquote class="instagram-media" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:540; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px); data.width~540;"><div style="padding:8px;"><div style="background:#F8F8F8; line-height:0; margin-top:40px; padding:62.4537037037% 0; text-align:center; width:100%;"><div style="background:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACwAAAAsCAMAAAApWqozAAAABGdBTUEAALGPC/xhBQAAAAFzUkdCAK7OHOkAAAAMUExURczMzPf399fX1+bm5mzY9AMAAADiSURBVDjLvZXbEsMgCES5/P8/t9FuRVCRmU73JWlzosgSIIZURCjo/ad+EQJJB4Hv8BFt+IDpQoCx1wjOSBFhh2XssxEIYn3ulI/6MNReE07UIWJEv8UEOWDS88LY97kqyTliJKKtuYBbruAyVh5wOHiXmpi5we58Ek028czwyuQdLKPG1Bkb4NnM+VeAnfHqn1k4+GPT6uGQcvu2h2OVuIf/gWUFyy8OWEpdyZSa3aVCqpVoVvzZZ2VTnn2wU8qzVjDDetO90GSy9mVLqtgYSy231MxrY6I2gGqjrTY0L8fxCxfCBbhWrsYYAAAAAElFTkSuQmCC); display:block; height:44px; margin:0 auto -44px; position:relative; top:-22px; width:44px;"></div></div><a href="https://www.instagram.com/p/CRYDiaiLQ5u" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_blank"></a> <p style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;">A post shared by K11 Art Mall (@k11artmall)<time style=" font-family:Arial,sans-serif; font-size:14px; line-height:17px;" datetime=""></time></div></blockquote>Visitors can walk down a "time tunnel" to see the history of memes via rows of TV screens. The displays include some viral Hong Kong-style jokes and also honors worldwide classics like the <a href="https://www.businessinsider.com/mining-doge-meme-stock-playbook-earnings-season-shorts-insider-investing-2021-7">doge,</a> <a href="https://www.insider.com/distracted-boyfriend-meme-interview-with-couple-2017-8">"distracted boyfriend,"</a> and <a href="https://www.insider.com/never-gonna-give-you-up-rick-astley-remastered-4k-roll-2021-2">Rick rolls.</a> More recent memes get the spotlight, too, such as Japanese singer <a href="https://www.youtube.com/watch?v=Ct6BUPvE2sM">Piko Taro's pen-pineapple-apple-pen</a> and the <a href="https://www.vice.com/en/article/xgxvxd/disappointed-cricket-fan-meme">"disappointed cricket fan,"</a> who tweeted his delight at being featured.A photo of the Pakistani man went viral over his irate reaction to a dropped ball in the 2019 Cricket World Cup.<blockquote class="twitter-tweet blockquote" data-lang="en" data-cards="" data-conversation="">-Sarim Akhtar (@msarimakhtar) <a href="https://twitter.com/mims/statuses/1421564903492669440?ref_src=twsrc%5Etfw">July 31, 2021</a></blockquote>There's also a temporary tattoo station that offers meme prints, photo booths that create custom memes, and a 4D interactive zone. An augmented reality exhibit brings models of 2D memes to life as they pass a screen on a conveyor belt, as seen in this YouTube video by Lisa Tang.<iframe width="560" height="315" src="https://www.youtube.com/embed/kF4MRC_2gP4?start=66" frameborder="0"></iframe>One of the highlights at the meme museum, according to organizers, is 9GAG's <a href="https://9gag.com/gag/azMDnex">debut NFT</a> - a collage of memes that it auctioned off for <a href="https://foundation.app/@9gag/in-meme-we-love-59902">$25,000 in July.</a>The exhibition is located in the second basement of K11 Art Mall and runs until September 5. Visitors can register on the <a href="https://www.hk.k11.com/">mall's website</a> or queue there for access, it said.

Hong Kong has a 'meme museum' that lets visitors relive internet history in 4D

<ul class="summary-list"><li>The "<keyword id="11488751" type="UNKNOWN" weightage="60" keywordseo="honey-badger-dont-care">Honey Badger Don't Care</keyword>" viral video was sold as an <keyword id="4668945" type="PERSON" weightage="60" keywordseo="nft">NFT</keyword>.</li><li>The video's creator told Insider he sold the NFT to honor his friend who died in March 2021.</li><li>The creator will be selling the original video, as well as the trademark to the phrase.</li></ul>The person behind the viral "Crazy Nastya-- <keyword id="2619927" type="PERSON" weightage="60" keywordseo="Honey-Badger">Honey Badger</keyword>" video joins the legion of <keyword id="2205897" type="PERSON" weightage="60" keywordseo="creators">creators</keyword> to sell a piece of viral content as a <a href="https://www.businessinsider.com/non-fungible-tokens-nfts-have-taken-over-heres-why-theyre-important-2021-4">non-fungible token (NFT)</a>, a digital property stored on a blockchain and purchased with <keyword id="6357017" type="DEFINITION" weightage="60" keywordseo="cryptocurrency">cryptocurrency</keyword>.The 2011 video, which currently has over 97 million views on YouTube, features National Geographic footage of a honey badger with a voiceover by Christopher "Randall" Gordon, which he described to Insider in a recent interview as "a wildlife narrator who was absolutely terrified of other animals."As the footage rolls, Gordon can be heard saying things like, "Ew! What's that in its mouth? Oh, it's got a cobra? Oh, it runs backwards?"But in the decade since, the video has been mostly remembered for one iconic line: "Honey Badger don't care. It just takes what it wants." <iframe width="560" height="315" src="https://www.youtube.com/embed/4r7wHMg5Yjg" frameborder="0"></iframe>Gordon told Insider that he created the video in 2011 and posted it to YouTube as a birthday gift for his friend. That friend died in March of this year, Gordon said, so he decided to sell the video along with the trademark to the phrase "Honey Badger Don't Care" (he obtained trademarks for the phrase in 2012, according to US Patent and Trademark Office records, and <a href="https://www.washingtonpost.com/news/morning-mix/wp/2018/08/01/honey-badger-may-not-care-but-the-creative-genius-who-took-him-viral-just-won-a-big-victory/">went to court to fight others</a> trying to capitalize on the video's success) as a way to "move on" after the death. "I'm 10 years removed from posting a video, it has over 97 million views, the person I made the video for passed away and I felt the time was right," he told Insider of his decision to sell the footage as an NFT.<h2>The 'Honey Badger' NFT was auctioned alongside other viral videos</h2>Gordon said NetGems, an agency working with viral creators to sell their videos as NFTs, reached out to him in April and offered to help him put the video up for auction. The auction began on June 2 with two other viral videos also available for bidding: the viral "<a href="https://www.businessinsider.com/nft-i-aint-never-seen-two-pretty-best-friends-tiktok-2021-5">I ain't never seen two pretty best friends</a>" TikTok video from 2020 and the 2004 pre-YouTube video hit, "Numa Numa."<div type="image" title="Jordan Scott's &quot;I ain't never seen two pretty best friends&quot; video" height="1612" width="2860" msid="83723393" hostid="261"></div>A NetGems representative did not disclose the final sale price of the "Honey Badger" NFT, but said the company was working with "private buyers." "Numa Numa" was a 98-second video of Gary Brolsma lip-syncing and bouncing along to a 2004 Moldovian pop song called "Dragostea Din Tei." The video was posted to Newgrounds, a pre-YouTube-era video site, in 2004. The "Numa Numa" video, as it came to be known, became a <a href="https://knowyourmeme.com/memes/numa-numa/videos">major online meme</a>.<h2>The 'Honey Badger' creator joins the growing viral-video-to-NFT pipeline</h2>The creators of the "Numa Numa" and "Honey Badger" videos are part of a large swath of content creators who have already sold their videos as NFTs.Creators like the family behind the "<a href="https://www.businessinsider.com/charlie-bit-my-finger-viral-video-sold-for-over-760000-nft-2021-5">Charlie Bit My Finger</a>" video and Chris Torres, creator of the "<a href="https://www.businessinsider.com/ethereum-nft-meme-art-nyan-cat-sells-for-300-eth-2021-2">Nyan Cat</a>" gif, have each made more than half a million dollars - over $760,000 and $590,000, respectively.The "Doge" meme, a photo of a Shiba Inu that became one of the biggest memes of the last decade, <a href="https://www.businessinsider.com/doge-meme-nft-sells-for-4-million-at-auction-2021-6">earned a record-breaking $4 million in its sale as an NFT.</a><div type="image" title="Doge" height="1875" width="2500" msid="83723397" hostid="261"></div>Gordon, the "Honey Badger" creator, told Insider that he intended to remove the video from YouTube to give the NFT more value after the final sale. Jordan Scott, the creator of the "<a href="https://www.businessinsider.com/nft-i-aint-never-seen-two-pretty-best-friends-tiktok-2021-5">Two Pretty Best Friends</a>" TikTok, said he planned to do the same.Gordon said he planned to use money from the <keyword id="11219799" type="UNKNOWN" weightage="60" keywordseo="nft-sale">NFT sale</keyword> to put money away money for his two children and donate a portion of the money to Animals Asia, a nonprofit organization based in Hong Kong working to protect animals across the continent.

The creator of the viral 'Honey Badger Don't Care' video said he auctioned it as an NFT to honor his friend who died

<ul class="summary-list"><li>Crypto collectives known as <keyword id="12539572" type="UNKNOWN" weightage="60" keywordseo="daos" source="Orion">DAOs</keyword> are buying up expensive items and figuring out what to do next.</li><li>One DAO's plans changed after it bought a famed "<keyword id="11975656" type="UNKNOWN" weightage="60" keywordseo="dune" source="Orion">Dune</keyword>" guidebook and ran into copyright issues.</li><li>As the tools behind DAOs evolve, so will their capabilities, said Robbie Heeger, CEO of Endaoment.</li></ul>Those crypto collectives called DAOs are buying up stuff. Expensive stuff.Take the one-of-a-kind <a href="https://markets.businessinsider.com/news/currencies/wu-tang-clan-once-upon-a-time-in-shaolin-sold-pleasrdao-2021-10">Wu Tang Clan album</a> and the famed "Dune Bible," for example. One DAO even tried to buy a copy of the US Constitution and lost. Another has set its sights on a <a href="https://markets.businessinsider.com/news/currencies/kraken-house-dao-wants-nba-team-has-raised-ethereum-2021-11">professional basketball team</a>, and yet another on a <a href="https://markets.businessinsider.com/news/currencies/linksdao-nft-prices-roughly-steph-curry-golf-course-ether-crypto-2022-1">golf course</a>.But the question remains: What does a DAO do with this stuff once it buys it? The answer is often something akin to a shoot-first-ask-questions-later strategy.<a href="https://markets.businessinsider.com/news/currencies/what-is-a-dao-constitutiondao-bid-sothebys-us-constitution-auction-2021-11">By definition</a>, a DAO, short for a decentralized autonomous organization, is simply a horde of internet friends pooling resources, usually money in the form of cryptocurrency, for a common goal. The online community generally forms on Discord or Twitter and establishes its rules through a <keyword id="11902216" type="UNKNOWN" weightage="60" keywordseo="blockchain" source="Orion">blockchain</keyword>, the same technology that backs <keyword id="11895317" type="UNKNOWN" weightage="60" keywordseo="cryptocurrencies" source="Orion">cryptocurrencies</keyword>. "These DAOs are just people organizing capital together, and then they have to fill in the blanks about what the purpose is of what they're buying," said Robbie Heeger, the president and chief executive officer of Endaoment, a nonprofit focused on assisting DAOs. These crypto collectives became popular when one pooled millions of dollars in an attempt to purchase a rare copy of the US Constitution. The DAO, however, came up short and lost the auction to hedge-fund billionaire <a href="https://markets.businessinsider.com/news/currencies/ken-griffin-us-constitution-outbid-crypto-group-constitutiondao-43-million-2021-11">Ken Griffin</a>.Others have been more successful at auction.The SpiceDAO, for example, eventually won ownership of the <a href="https://africa.businessinsider.com/markets/a-dao-that-wants-to-own-the-dune-bible-has-to-buy-it-back-from-its-founder-after-he/f56lbgn">$3 million "Dune Bible</a>," a decades-old compilation of director Alejandro Jodorowsky's written plans for an ill-fated 10- to 15-hour film based on the "Dune" book series. The DAO announced plans for an original series based on the guidebook but soon received blowback on Twitter and in media outlets like <a href="https://www.esquire.com/entertainment/books/a38815538/dune-crypto-nft-sale-mistake-explained/">Esquire</a>, which noted the group doesn't own the copyrights to do that, just the physical item. <a href="https://medium.com/@spicedao/development-on-the-original-animation-has-begun-7879d785d013">In a Medium post</a>, the DAO said it couldn't reach an agreement with any of the rights holders and instead planned to pivot to creating an original piece of work."There's sometimes this moment for these DAOs where they build energy, and they gather a lot of people, and they gather a lot of capital, and then the rubber meets the road on how do they exist in the real world, or how do they execute on those goals," Heeger said.Another crypto collective called PleasrDAO has dedicated itself to buying up digital art known as <keyword id="11901075" type="UNKNOWN" weightage="60" keywordseo="nfts" source="Orion">NFTs</keyword>, like the famed doge meme. Then last year, the collective bid $4 million to win the auction for the Wu-Tang Clan's <a href="https://www.businessinsider.com/rza-does-not-regret-once-upon-a-time-in-shaolin-album-bought-by-martin-shkreli-2019-5?utm_medium=ingest&amp;utm_source=markets">one-of-a-kind album</a>, once owned by the infamous "pharma bro" Martin Shkreli.A DAO owning valuable items for price appreciation, Heeger said, is "enough of a reason to exist."He noted, however, that crypto collectives are in still in their earliest iterations. Simply stated, there's still a lot to figure out about DAOs. "As the tooling becomes more robust, these groups of people that make up a DAO will have more capability to do more with the assets that are controlled by the DAO, and that's what's exciting coming forward," Heeger said. "What we have right now is the simplest execution. We have to buy up some stuff and hold it and maybe earn some interest on it."DAOs, like other digital assets including cryptocurrencies and non-fungible tokens, are just beginning to bud. For example, <a href="https://www.yahoo.com/video/daos-taking-over-wyoming-law-194516224.html">Wyoming passed</a> crypto legislation last year that recognized DAOs as limited liability corporations, or LLCs, giving them certain tax advantages and legal protections."The possibilities are limitless," Heeger said. "If you can buy it, you could buy it with a DAO."

As DAOs purchase items like the 'Dune Bible' and a Wu-Tang Clan album, strategist says they'll gain more capabilities as crypto pools evolve beyond collecting valuable assets

<a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell&amp;hash=8122c716833601fc1471f79af063b104?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingesttm_medium=ingest" target="_blank" rel="noopener">Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.</a><a href="http://newsletter.businessinsider.com/join/4np/insider-investing?nr_email_referer=1&amp;utm_sou%5Bu%5B" target="_blank" rel="noopener">Sign up for Insider Investing</a> for your weekly <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> analysis.Event invite: Join us Thursday, May 13 at 12 p.m. ET for "Financing Net-Zero," to hear from financial market leaders and investors about the future of sustainability financing. <a href="https://event.on24.com/wcc/r/3087756/E09DD0612638861F529B58E12039CF50?partnerref=editorial_newsletter" target="_blank" rel="noopener noreferrer">Register here</a>.1. Global stocks inch up as muted US jobs data eases pressure on the Fed. <a href="https://markets.businessinsider.com/news/stocks/stock-market-today-equities-oil-cyber-attack-us-jobs-data-2021-5-1030408269">See what markets are doing today.</a>2. Elon Musk's SpaceX has accepted dogecoin as payment for a Moon mission. <a href="https://markets.businessinsider.com/currencies/news/elon-musk-spacex-accepts-dogecoin-payment-for-moon-mission-2021-5-1030408085">Geometric Energy Corporation is collaborating with Musk's company</a> on the DOGE-1 Mission.3. Dogecoin slides 10%. The <a href="https://markets.businessinsider.com/currencies/news/elon-musk-spacex-accepts-dogecoin-payment-for-moon-mission-2021-5-1030408085">meme-crypto was trading around 51 cents</a> after Musk announced the doge-funded moon mission.4. Ether should be as much as 75% lower at around $1,000, JPMorgan says. The bank's analysts said <a href="https://markets.businessinsider.com/currencies/news/ether-price-outlook-much-lower-network-activity-ethereum-jpmorgan-2021-5-1030408388">institutional interest and network changes</a> are boosting the price.5. Mark Cuban explains why crypto is the future. The billionaire is among the highest-profile crypto bulls, and is a <a href="https://markets.businessinsider.com/currencies/news/mark-cuban-cryptocurrencies-bitcoin-ether-dogecoin-more-access-cost-pandemic-2021-5-1030405545">particularly vocal backer of dogecoin</a>.6. <a href="https://markets.businessinsider.com/earnings-calendar">Earnings expected.</a> <a href="https://markets.businessinsider.com/stocks/duk-stock">Duke Energy</a>, <a href="https://markets.businessinsider.com/stocks/rblx-stock">Roblox</a>, and <a href="https://markets.businessinsider.com/stocks/mar-stock">Marriott</a> are highlights.7. <a href="https://markets.businessinsider.com/economic-calendar">On the data docket.</a> The US 3-month and 6-month bill auctions are due.8. Fundstrat's head of digital-assets research walks us through his $100,000 and $10,500 year-end price targets for bitcoin and ether. Tom Lee also shares <a href="https://www.businessinsider.com/bitcoin-ether-prices-will-reach-100k-10k-fundstrat-digital-assets-2021-5?r=opening-bell" target="_blank" rel="noopener">the 8 tokens he's bullish on right now</a>.9. Credit Suisse has compiled a list of companies being underrated by the broader market. The firm says <a href="https://www.businessinsider.com/stock-picks-to-buy-15-to-perform-better-than-expected-2021-5?r=opening-bell" target="_blank" rel="noopener">buy these 15 stocks that represent its analysts' highest-conviction calls</a>.10. The world's largest NFT fund spends $250,000 a week on digital art. The co-founder shares <a href="https://www.businessinsider.com/crypto-investing-metapurse-twobadour-top-picks-nft-platforms-digital-art-2021-5?r=opening-bell" target="_blank" rel="noopener">3 platforms set to be industry winners</a> - and his <a href="https://www.businessinsider.com/crypto-investing-metapurse-twobadour-top-picks-nft-platforms-digital-art-2021-5?r=opening-bell" target="_blank" rel="noopener">top 6 picks from the $189 million portfolio</a>.

10 things you need to know before the opening bell

<a href="https://www.businessinsider.com/instagram-testing-affiliate-marketing-tools-for-creators-2021-6"></a>Hi, this is Amanda Perelli and welcome back to <keyword id="11414264" type="UNKNOWN" weightage="60" keywordseo="insider-influencers">Insider Influencers</keyword>, our weekly rundown on the business of <keyword id="1112328" type="PERSON" weightage="60" keywordseo="Influencers">influencers</keyword>, creators, and social-media platforms. <a href="http://newsletter.businessinsider.com/join/influencerdashboard">Sign up for the newsletter here.</a>In this week's edition:<ul><li><keyword id="819905" type="COMPANY" weightage="60" keywordseo="Instagram">Instagram</keyword> unveiled three new features <a href="https://www.businessinsider.com/instagram-testing-affiliate-marketing-tools-for-creators-2021-6">aimed at helping creators earn money</a></li><li>A YouTuber with 1 million subscribers shares how much he <a href="https://www.businessinsider.com/how-much-money-youtube-pays-influencers-1-million-subscribers-2021-6">earns per month from his videos</a></li><li>The top strategies for fashion brands <a href="https://www.businessinsider.com/fanbytes-report-beaks-down-4-strategies-fashion-brands-go-viral-tiktok-2021-6">seeking to go viral on TikTok</a></li><li>And more including <a href="https://www.businessinsider.com/creator-economy-funding-signings-hires-snap-fanbytes-faze-clan-2021-6">creator economy startup news</a> and <a href="https://www.insider.com/trisha-paytas-quits-frenemies-ethan-klein-h3h3-ownership-split-2021-6">YouTube star Trisha Paytas quitting the "Frenemies" podcast.</a></li></ul>Send tips to aperelli@insider.com or DM me on Twitter at <a href="https://twitter.com/arperelli">@arperelli</a>.<hr /><h2><a href="https://www.businessinsider.com/instagram-testing-affiliate-marketing-tools-for-creators-2021-6"><div type="image" title="A screenshot of Mark Zuckerberg announcing new Instagram features." height="1236" width="2472" msid="83388315" hostid="261"></div></a></h2><h2><a href="https://www.businessinsider.com/instagram-testing-affiliate-marketing-tools-for-creators-2021-6">Mark Zuckerberg unveiled 3 Instagram features aimed at helping creators earn more money</a></h2>On Tuesday, Instagram launched its first-ever "Creator Week," a three-day virtual event.To kick it off, Mark Zuckerberg unveiled new tests and features aimed at helping creators earn money.Sydney Bradley broke down some upcoming tools Zuckerberg announced.Here are three key takeaways from Instagram's livestream:<ul><li>Instagram will start testing native affiliate-marketing tools for creators. Brands will be able to set their own commission rates, Zuckerberg said. </li><li>There will be more tools for creators selling their own products and merchandise. Creators with their own products will be able to link to their shops in their personal profiles. </li><li>Creators will be able to earn extra money through tips. Instagram and Facebook are adding tipping features that allow fans to pay creators. </li></ul>"Our goal is to be the best platform for creators like you to make a living," Zuckerberg said on the livestream. "And if you have an idea that you want to share with the world, you should be able to create it and get it out there easily and simply - across Facebook and Instagram - and then earn money for your work."<a href="https://www.businessinsider.com/instagram-testing-affiliate-marketing-tools-for-creators-2021-6">Check out the full story on new tools Instagram is releasing for creators, here.</a><h2><a href="https://www.businessinsider.com/how-much-money-youtube-pays-influencers-1-million-subscribers-2021-6">How much a YouTube creator with 1 million subscribers earns</a></h2><a href="https://www.businessinsider.com/how-much-money-youtube-pays-influencers-1-million-subscribers-2021-6"><div type="image" title="Nate O'Brien" height="2360" width="3147" msid="83388316" hostid="261"></div></a>Nate O'Brien is a <keyword id="10879" type="CITY" weightage="60" keywordseo="YouTube">YouTube</keyword> creator who films videos about personal finance.O'Brien started posting videos on YouTube in 2017. And in 2019, he decided to drop out of college to focus on YouTube full time.Now, he has about 1 million subscribers.I spoke with O'Brien about how much he makes on YouTube from ads per month:<ul><li>February: $39,200 (1.7 million views) </li><li>March: $31,500 (1.6 million views)</li><li>April: $25,700 (1.2 million views)</li></ul>"I don't think it's ever really too late to start," he said of building a YouTube career. <a href="https://www.businessinsider.com/how-much-money-youtube-pays-influencers-1-million-subscribers-2021-5">Check out the full story for a breakdown of O'Brien's influencer business, here.</a><h2><a href="https://www.businessinsider.com/how-much-money-instagram-influencer-charges-brands-sponsorship-earnings-rates-2021-6"></a><a href="https://www.businessinsider.com/fanbytes-report-beaks-down-4-strategies-fashion-brands-go-viral-tiktok-2021-6">A new report from a 'Gen Z' influencer agency breaks down 4 strategies for fashion brands seeking to go viral on TikTok</a></h2><a href="https://www.businessinsider.com/fanbytes-report-beaks-down-4-strategies-fashion-brands-go-viral-tiktok-2021-6"><div type="image" title="Emma Claire attends the boohoo Black Friday gifting suite on November 27, 2020 in Sydney, Australia." height="3260" width="4346" msid="83388317" hostid="261"></div></a>Fashion content is a popular category on <keyword id="6762469" type="UNKNOWN" weightage="60" keywordseo="TikTok">TikTok</keyword>, where users post outfits and buy featured items.Molly Innes wrote about a new report from the Gen-Z influencer agency Fanbytes that breaks down how fashion brands can go big on TikTok.Here were three key takeaways:<ul><li>Gen-Z consumers are looking to incorporate sustainable fashion into their wardrobes.</li><li>Fanbytes found that "#haul" and related hashtags saw a 28.9% increase in views between January and April 2021.</li><li>The #designerfashion hashtag amassed 31 million views in the year to April 2021, and an engagement rate of 11%, according to Fanbytes.</li></ul><a href="https://www.businessinsider.com/fanbytes-report-beaks-down-4-strategies-fashion-brands-go-viral-tiktok-2021-6">Check out more on how fashion brands can go viral on TikTok, here.</a><hr /><h2>More influencer industry news:</h2><ul><li><a href="https://www.businessinsider.com/chris-hansen-taking-back-our-power-movement-seth-francois-youtube-2021-6">Chris Hansen, Seth Francois, and a James Charles accuser launched a project meant to expose alleged abusers in the influencer industry.</a></li><li><a href="https://www.insider.com/trisha-paytas-quits-frenemies-ethan-klein-h3h3-ownership-split-2021-6">YouTube star Trisha Paytas says they are quitting the popular "Frenemies" podcast after ownership disputes.</a></li><li><a href="https://www.businessinsider.com/shopshops-raises-15-million-series-b-livestream-shopping-us-2021-6">Livestream-shopping platform ShopShops has raised more VC funding to grow its reach with English-speaking shoppers.</a></li><li><a href="https://www.businessinsider.com/crypto-bitcoin-investing-strategy-tiktok-influencer-pablo-heman-forecast-explanation-2021-6">A crypto influencer on TikTok explains his bitcoin investing strategy</a>. </li></ul><hr /><h2><a href="https://www.businessinsider.com/creator-economy-funding-signings-hires-snap-fanbytes-faze-clan-2021-6">Creator economy startup moves of the week</a>:</h2>Dispo, a photo-sharing app that went through a leadership and investor shake-up earlier this year <a href="https://www.businessinsider.com/vlog-squad-durte-dom-rape-allegation-david-dobrik-zeglaitis-video-2021-3">following Insider's investigation into the conduct of its cofounder David Dobrik</a>, confirmed it had closed a Series A round. The round included investors Alexis Ohanian's Seven Seven Six, Unshackled Ventures, Annie Leibovitz, and Raven B. Varona.The company's CEO said its team wants to be deliberate in how it builds its product to avoid some of the pitfalls other tech startups have faced."The early days of social <keyword id="6354777" type="COMPANY" weightage="100" keywordseo="Media">media</keyword> were all about 'move fast and break things,'" Daniel Liss told Fast Company. "Our thought is, 'move fast and build things.' How can you create something that is additive and not just destructive for the sake of growth?"Every week, Insider <a href="https://www.businessinsider.com/creator-economy-funding-signings-hires-snap-fanbytes-faze-clan-2021-6">gives a rundown</a> of news on hires, promotions, and other creator company announcements. This week <a href="https://www.businessinsider.com/creator-economy-funding-signings-hires-snap-fanbytes-faze-clan-2021-6">includes new hires at Snap, Fanbytes, and FaZe Clan's latest signing.</a>Read the <a href="https://www.businessinsider.com/creator-economy-funding-signings-hires-snap-fanbytes-faze-clan-2021-6">full rundown of creator industry moves, here.</a><hr /><h2><div type="image" title="Foryoupride" height="985" width="1314" msid="83388318" hostid="261"></div></h2><h2>TikTok's top trending hashtag of the week: </h2>Every week, we highlight a trending hashtag on TikTok, according to <a href="https://iq.kyra.com">data provided by Kyra IQ.</a>This week's hashtag: <a href="https://www.tiktok.com/tag/foryourpride" target="_blank" rel="noopener">foryourpride</a><a href="https://www.tiktok.com/tag/blacklivesmatter?lang=en"></a> <a href="https://www.tiktok.com/tag/buildabish" target="_blank" rel="noopener"></a><ul><li>The percentage uptick for the last 7 days: 4,715%</li><li>This uptick is centered around Pride month starting and creators celebrating the LGBTQIA+ community.</li></ul><hr /><div type="image" title="Black influencer" height="1500" width="2000" msid="83388319" hostid="261"></div><h2>Here's what else we're reading:</h2><ul><li><a href="https://www.nbcnews.com/pop-culture/pop-culture-news/iconic-doge-meme-be-auctioned-nft-n1269809">The iconic "Doge" meme will be auctioned as NFT</a> (Kalhan Rosenblatt, from NBC News)</li><li><a href="https://www.nytimes.com/2021/06/08/style/creator-burnout-social-media.html">Young creators who have found fame on TikTok are burning out</a> (Taylor Lorenz, from The New York Times)</li><li><a href="https://www.fastcompany.com/90644409/inside-photo-sharing-app-dispo-second-shot-instagram-killer?partner=rss&amp;utm_source=rss&amp;utm_medium=feed&amp;utm_campaign=rss+fastcompany&amp;utm_content=rss?cid=searcht=rss?cid=search">How photo app Dispo is making a comeback after David Dobrik stepped down</a> (Nicole LaPorte, from Fast Company)</li><li><a href="https://www.vox.com/the-goods/22519100/snapchat-spotlight-forgotten-gen-z">Why Snap's users and investors have such different ideas about what the platform is for</a> (Terry Nguyen, from Vox)</li></ul><h2><a href="http://newsletter.businessinsider.com/join/influencerdashboard">Subscribe to the newsletter here</a>. </h2>

You Searched For "doge meme auction" and got 8 results

The most expensive meme NFT ever sold will be auctioned off in 17 billion pieces tonight

Prabhjote Gill

Famed 'Doge' meme NFT sells for record-breaking $4 million at auction

Kelly McLaughlin

Doge meme NFT's value flies from $4 million to $220 million overnight after getting split into 17 billion pieces

Prabhjote Gill

Hong Kong has a 'meme museum' that lets visitors relive internet history in 4D

Matthew Loh

The creator of the viral 'Honey Badger Don't Care' video said he auctioned it as an NFT to honor his friend who died

Moises Mendez II

As DAOs purchase items like the 'Dune Bible' and a Wu-Tang Clan album, strategist says they'll gain more capabilities as crypto pools evolve beyond collecting valuable assets

Natasha Dailey

10 things you need to know before the opening bell

Shalini Nagarajan

Instagram unveiled new features aimed at helping creators earn money

Amanda Perelli