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Elon Musk-Posted Bitcoin $69,000 Meme Sold for $28,000 in WETH by Author

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Sat, 10/23/2021 - 10:29
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Yuri Molchan
Here’s the story of the Bitcoin and Ethereum meme posted by Elon Musk this week, which then sold for 5 WETH and is now relisted for 69.42 WETH
Elon Musk-Posted Bitcoin $69,000 Meme Sold for $28,000 in WETH by Author
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On October 21, Tesla CEO and eccentric billionaire Elon Musk posted a meme depicting a couple lying on a sofa and watching Bitcoin and Ethereum price on the wall monitor, which showed $69,00 for Bitcoin and $4,200 for Ethereum.

Even though, he did not mention the author, she was still happy about Musk’s attention to her “Love in The Time of Web3” meme and in two days sold it for 5 wrapped Ethereum. That’s around $19,800, according to CNBC.

Now the meme is relisted for almost 70 WETH.

Elon Musk is “the ultimate meme lord”

The person who created the meme is a self-proclaimed “hobby artist”, 28-year-old Eva Beylin. When she learned that Musk posted her meme, she told CNBC she was over the moon, adding:

“The ultimate prize of memeology is for the ultimate meme lord to use your meme”

Beylin is keen on Web3, which includes decentralized Internet apps, blockchain and things like NFTs.

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The meme sold two days later, Beylin is not initial author of it

“Love in The Time of Web3” was auctioned as an NFT on Zora platform on the night Musk tweet it and two days later the non-fungible token was sold for 5 wrapped ETH (around $19,800).

Still, Beylin is not the initial author. She picked the picture of another Twitter user - @shegenerates – who posted it as a joke. To compensate them, Beylin offered them 20 percent from the NFT sale.

The aforementioned Twitter user did not mind and she told CNBC so.

Now, Beylin plans to reinvest her proceeds from the sale into NFTs of other artists. Meanwhile, the person who bought the meme posted by Musk, has relisted it for 69.42 wrapped ETH.

They promised Beylin 15 percent of the price the meme will be sold for.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.