The Gangnam Style of the NFTs
Its been 10 years since Chris Torres created Nyan Cat, an animated flying cat leaving a rainbow trail, the meme has been viewed millions of times. But is it art?
Elevator pitch: “Nyan Cat” is a viral animation that with its record setting selling price opened the floodgates of the NFT Mania or what critics denominate as a bubble.
Valuation: $697,956 USD - 4/20/21
Differentiation: Its uniqueness is mainly as proof that there will always be viral effects in any subjective discipline. Being the first - even if its Gangnam Style first - has value.
Bull or Bear? Bull. A trend-setting original, this NFT’s value will continue to grow.