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In an online auction on Friday, a one-of-a-kind digital rendition of the Nyan Cat meme from 2011 sold for around $590,000. As cryptocurrencies such as Bitcoin have risen in value, online sales of nonfungible tokens, or NFTs, have exploded in recent weeks. NFT art goods, which act as a form of digital asset or token, have sold for more than $3.5 million in some cases, leading to a crypto art market worth more than $100 million. Nyan Cat’s owner, Chris Torres, said the NFT sale was his first foray into crypto art.
“I’m very surprised by the performance,” Torres told Nasdaq, “but I guess I’m most glad that I’ve essentially opened the door to a whole new meme economy in the crypto world.”
For its 10-year anniversary, Torres remastered the original animated GIF and held a 24-hour auction on the crypto art site Foundation on Thursday.
The platform has only been live for two weeks and allows artists like Torres to continue to benefit from their work if a buyer later resells it for a higher price.
Bids for the Nyan Cat began at 3 Ether (ETH), or approximately $1,544.38, and ended at 300 ETH, or approximately $590,000.
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Nyan Cat is the name of a YouTube video that became an internet phenomenon after it was uploaded in April 2011. The video featured an animated cartoon cat with a Pop-Tart for a torso floating through space and leaving a rainbow trail behind it, as well as a Japanese pop song. The video came in fifth place on the list of the most popular YouTube videos in 2011. 1st
Christopher Torres, 25, of Dallas, Texas, who goes by the moniker “prguitarman,” posted the cat’s GIF animation on his website LOL-Comics on April 2, 2011.
[two] “I was doing a donation drive for the Red Cross and in between sketches in my Livestream video chat, two separate people suggested I could draw a ‘Pop Tart’ and a ‘cat,” Torres said in an interview. In answer, he created a hybrid image of a Pop-Tart and a cat, which he turned into an animated GIF a few days later.  On July 25, 2010, user “daniwell” uploaded the original version of the song “Nyanyanyanyanyanyanya!” to the Japanese video site Niconico.  Hatsune Miku, a virtual singer from Vocaloid, is featured in the album. The Japanese word nyan is an onomatopoeic word that sounds like a cat’s meow (equivalent to English “meow”).  The song was later included in Sega’s Hatsune Miku: Project DIVA F rhythm game, which was released in August 2012. [eight]
In 2014, the AV Club announced that she had a bestseller, a sponsorship deal with Friskies, a Cheerios advert, a Lifetime movie, her own coffee, Grumpy Cat stuffed animals, and appearances at the MTV Movie Awards, WWE Raw, Sesame Street, and SXSW.
Lashes was enraged by the video’s use of his client’s land. Before using the Doge meme, the band neglected to consult with its founder. Lashes also portrays teacher Atsuko Sato, who owns the Doge pictures.
“The band can see their brazen infringement as a ‘punk rock’ attempt to regain some glory, or that stealing from the web is somehow just sticking it to the guy,” Lashes explained via email. “But with Nyan Cat and Doge, they are ripping off an independent artist and independent photographer who rely on proper licensing of their works in order to continue producing.” “That’s not punk rock,” says the narrator. It’s just plain rude, and it’s against the law. We are taking this very seriously, as we do with any infringement of my clients’ property.”
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Nyan Cat, also known as Pop-Tart Cat, is a Japanese pop song that features a cartoon cat with a Pop-Tart body and a rainbow behind it floating through space. Depending on the background, the phrase may refer to the video, the cat, or the accompanying song.
On April 5, 2011, the Nyan Cat video was uploaded to YouTube for the first time. The initial GIF was found on the website of artist Christopher Torres. He gave it the name Pop Tart Cat because that’s what he called it at first. The animation is a pixel art piece depicting a cat floating through space with a Pop-Tart body, trailed by rainbows.
Only after the video, which combined the Japanese song “Nyanyanyanyanyanyanya!” with the animation, did Nyan Cat become the name of the meme. The combination was created by YouTuber saraj00n. The song’s lyrics are mostly made up of the Japanese onomatopoeia for a cat’s meow, nya or nyan. This is most likely what inspired the video’s title and, as a result, the meme’s title.