The market value exceeded US$80 million within half a day of being online. Why did Pepe Meme artist’s BOME become so popular?

Today, BOOK OF MEME (BOME) released by Pepe Meme artist Darkfarm has swept all social platforms. It has increased 20 times in just three hours since it was launched, with a market value exceeding US$80 million. What makes it grow so rapidly? Odaily will reveal its project concept and development history in this article.

Meme Gallery——BOOK OF MEME

Who is Darkfarms?

Darkfarms, an artist specializing in the creation of Pepe Meme pictures, is most famous for the Pepe-themed NFT series SMOWL. This series of works was released 2 years ago. The issue price at that time was 0.04 ETH. Before BOME became popular, the floor price was about 0.047 ETH. It has now risen to 0.2 ETH.

In addition to this work, Darkfarms has also continued to create Pepe Meme pictures and NFT series over the years. The following are some examples from his personal website:

BOOK What is OF MEME?

On March 10th, Darkfarms began to preview the upcoming Launch project. On the 12th, it disclosed the project "BOOK OF MEME" and its project concept. Darkfarms stated that BOOK OF MEME is

A shitcoin, a renewable e-magazine, a versatile tool for creating Meme, a CC0 Meme drawing library with all un-Mint JPEG links. Maybe even a decentralized social network, a single NFT that connects everything, and a small gif on the Solscan browser.

BOOK OF MEME aims to capture the current Meme culture, covering the information of most Meme coins, and the data is stored on platforms such as Arweave/IPFS/Inscription. It can not only be used as a social platform for cross-chain storage, but also a book that I can update and add new memes and styles at any time.

In short, BOOK OF MEME is a permanent storage library for Meme, and will expand a series of Meme creation functions on its basis.

Darkfarms shows off some of BOOK OF MEME’s features, such as turning images into glitchy pixel wind:

at Arweave/inscriptions/ipfs and other places permanently store Meme creative content.

Open pre-sale

On March 13, Darkfarms started pre-sale. You can participate by sending SOL to the designated Solana address. This pre-sale There is no fixed price, and all those participating in the presale are allocated tokens in proportion to their donated SOL. The progress of the pre-sale has also far exceeded Darkfarms' expectations. The original fundraising expectation was only 500-600 SOL, so he opened a community vote and let the participants decide how to allocate the pre-sale funds. As of 8 a.m. today, according to data disclosed by Darkfarms, a total of 10,131 SOLs have been raised.

At 15:00 p.m., Darkfarms will add all SOL raised into the LP pool, with the initial price being 0.0{3}496USDT. Subsequently, the token began to spread widely in the Chinese and British communities. Due to its extremely high depth, it can accommodate the entry of a large amount of funds. A large number of buy orders of more than 100 SOLs continued to pour in, pushing its price to continue to rise; the highest price of BOME rose to 0.0012 USDT. , increased by approximately 24 times, with a market value exceeding US$80 million.

Currently, BOME continues to rise and has reached the second-tier market value of Solana Meme. Whether it can become the next billion-dollar Meme remains to be seen by the market.

The above is the detailed content of The market value exceeded US$80 million within half a day of being online. Why did Pepe Meme artist’s BOME become so popular?. For more information, please follow other related articles on the PHP Chinese website!