Friday, January 27, 2023
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Cryptocurrency

Malaysian Artist Red Hong Yi Sells Doge Banknote NFT For Over RM320000

The first of the Memebank series was sold for 36.3 ETH.

by Ikmal Rozlan
July 12, 2021
1.4k
SHARES
Share on FacebookShare on Twitter

Red Hong Yi, the Malaysian artist who was recently in the news for creating a cover for TIME magazine, has just sold a non-fungible token (NFT) artwork after a two-week auction on the Binance NFT Marketplace for 36.3 ETH, worth roughly a little over RM320000.

The digital artwork titled “Doge to the Moon” is the first in her “Memebank” collection, which comprises six spoofed and redesigned banknotes from different countries. The series is a reflection of how meme assets, cryptocurrencies, and NFTs have disrupted industries, including traditional banking and art galleries.

Doge to the Moon, based on the Chinese Yuan and featuring the popular Doge meme, is a nod to China being at the forefront of the cryptocurrency landscape, and being the first in history to issue paper money during the Song Dynasty.

The winning bidder of the NFT will get the physical silk print banknotes as well as the accompanying copper plate that has been etched with the design. Red has encouraged the winner to print as many copies of the banknote as they want, saying that it’s a critique of central banks and fiat money because continual printing of paper money leads to inflation (looking at you, Weimar Republic in 1923).

ADVERTISEMENT

“NFTs may still be a novel concept to many, but I do believe in its potential to create a more transparent and efficient world. NFTs have been gaining prominence in the arts industry in recent times and have allowed artists to create digital certificates of ownership for their valuable work, ” says Red.

Some of the references in the Doge banknote include the Dogecoin logo, “WOW” phrase, and 06122013 — the date dogecoin was created, 6 December 2013. She mentioned that part of the proceeds will be donated to Mercy Malaysia’s COVID-19 Pandemic Fund, and a portion will also go into social and art projects to support the local community.

The other Meme Banknotes in the series — based on the US Dollar, Euro, British Pound, Malaysian Ringgit, and Japanese Yen — will be minted and made available on the Binance NFT Marketplace over the next five months. There are plans for a Memebank Exhibition to be held later this year in Kuala Lumpur to showcase all the physical Meme Banknotes in the series.

(Sources: Amanz, The Star)

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

Tags: BinanceNFTRed Hong Yi
Updated 12:29 am, Thu, 15 July 21
Back to top
Share546Tweet341SendShare

RELATED ARTICLES

Pokemon scam
Security

Hackers Use Fake Pokemon NFT Card Game To Take Over PCs

by Ian Chee
January 9, 2023
Square Enix
Gaming

Square Enix President Doubles Down On Blockchain

by Ian Chee
January 3, 2023
Celcom Gila Bolaverse metaverse
Branded

Join The Football Madness World On Celcom’s Gila Bolaverse

by Newsdesk
December 7, 2022
FIFA world cup 2022 games
Gaming

FIFA Announces Blockchain Titles For World Cup 2022

by Ian Chee
November 10, 2022
Load More

ADVERTISEMENT

LOWYAT.TV

No Result
View All Result

TRENDING TODAY

  1. 1
    Fintech

    Touch ‘n Go To Be Scrutinise By KPDN’s Task Force Soon

  2. 2
    Entertainment

    Malaysia’s First IMAX With Laser Hall Is Now Open At GSC IOI City Mall East

  3. 3
    Automotive

    The First TNB Electron DC Fast Chargers Are Now Operational

  4. 4
    Fintech

    Touch ‘n Go To Provide Clarification Regarding Visa Card Issues To Government

  5. 5
    Cryptocurrency

    Malaysian Artist Red Hong Yi Sells Doge Banknote NFT For Over RM320000

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies to improve your experience. Learn More.