Digitized | Featured #45
Welcome to this week's edition of Featured, your weekly guide to the most interesting blockchain-based digital objects – across gaming, social, music, media, fashion, AI, immersive environments, and other consumer crypto categories.
This week, we turn the spotlight on HarryPotterObamaSonic10Inu….tHE CoIn ThAt LiVeD.
Launched in May 2023, the HarryPotterObamaSonic10Inu (HPOS10I) memecoin is a by-product of deep internet culture + crypto.
Ticker: $BITCOIN
Price: $0.18
Market Cap: $184M
HPOS10I was inspired by an internet meme dating back over a decade ago, depicting a backpack sold in Southeast Asia. By simply adding a combination of words associated with popular US consumer culture, the backpack symbolizes the strong effect of American consumerism globally.
Not to be taken seriously, the ticker $BITCOIN is a nod to memecoin mania and the absurdity that can sometimes be associated with crypto culture. Literally, this is not investment advice.
Unlike other memecoins, humor sits at the core of $BITCOIN’s storytelling and is illustrated across their website and social media channels.
Beyond the $BITCOIN token, HPOS10I also has its own NFT collection and merchandise.
And recently, HPOS10I’s creator More Light famously fought against Ben Armstrong (aka BitBoy) in a match hosted by Karate Combat.
…He lost...
But unsurprisingly, the HarryPotterObamaSonic10inu community rallied together for this event. You can watch the full fight here (4:44).
Memecoins have been a trending category over the past two weeks with tokens like $WIF, $PEPE, $BONK, $TRUMP + others. The aggregated market cap is now ~$63B, exceeding the entire NFT category (source: Coingecko). You can learn more about the recent memecoin frenzy here.
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