How Rare Pepe NFTs Reclaimed Pepe the Frog—And Why They Remain Relevant
Pepe the Frog isn’t just one of the oldest internet memes, he’s also one of the oldest NFTs. After Pepe was briefly associated with the alt right, Web3 reclaimed the meme.
It's no secret to veterans and newly indoctrinated DeFi "degens'' that memes are as native to Web3 as Satoshi's Bitcoin white paper is to Bitcoin. And when it comes to anthropomorphic characters nestled throughout the NFT world, there's nothing more at home in crypto than Pepe the Frog.
While Pepe may not be getting the kind of buzz and attention these days that Bored Apes and CryptoPunks are, look no further than this for a sign of Pepe’s lasting appeal in the NFT world: In October, a one-of-one Rare Pepe NFT called "Pepenopoulos” (created in 2016) sold at a Sotheby's auction for $3.6 million.
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