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Self-Described 'High Quality Meme Generator' Sells NFT for $500K

Notorious digital artist Pplpleaser shared a picture of herself crying… but out of joy. All thanks to the booming interest in NFTs.

The artist, who has a reputation not only in the DeFi scene but also in the wider, more “mainstream” art industry, put an NFT up for sale on the auction platform Foundation.app. And things went really well.

x*y=k: The $500K NFT Sold by Pplpleasr

Pplpleasr’s token depicts an animation of a Uniswap-Esque unicorn on its journey to reach the “Ethereum Promised Land.” On its journey, it wakes up different elements related to the DeFi industry. The name of the piece is “x*y=k.”

My genesis piece on @withFND, the @Uniswap animation will drop Friday 9am (Asia time) This Friday, March 26 is the #StandWithAsians movement – Uniswap and I will be donating all proceeds to charities supporting AAPI and other minority representation. https://t.co/OMvO8IlzCE pic.twitter.com/6REHwawYzY — pplpleasr (@pplpleasr1) March 25, 2021

Everything was carefully chosen during the making of this art piece. Each scene has a specific inspiration, each stroke has a meaning, and even the colors of the curves emulate the colors of the various DeFi tokens that exist right now.

The auction lasted for one full day, and the bids came in quickly. Within 5 minutes of the auction start, someone had already offered more than $15,000. 3 hours later, the price was already double that, and 4 hours later, it was over $100,000.

The last hour of bidding was crazy. The NFT was already priced at $200,000; Pplpleasr tweeted that time was running out, and the money flowed in like crazy. Within half an hour, it rose to 310 ETH or $525,676.30.

The winner was PleasrDAO, a fund created specifically to buy this NFT.

A Well-Deserved Reward

Having a DAO explicitly created to buy her works was certainly an acknowledgment of her dedication.

After the auction ended, Pplpleaser couldn’t be happier. With tears of joy, she tweeted how ...

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