The crypto community reacts to Queen Elizabeth’s death by issuing NFTs and memecoins.
Queen Elizabeth II, the British monarch who served her country for 70 years and 214 days, passed away on September 8th. Shortly after the world started mourning, the crypto community flooded decentralized blockchain ecosystems with Queen’s Memecoins and NFTs.
The Ethereum and BNB Smart Chain blockchain ecosystems were filed with various memecoins, such as “God Save The Queen,” “Rip Queen Elizabeth,” “London Bridge Is Down,” “Elizabeth II,” “Queen Grow,” “Queen Doge,” “Queen Inu II” “Queen Elizabeth Inu.”
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Based on the data from Dex Screener, the “Queen Elizabeth Inu” faced its first set of growth on the night of September 8th. The price then grew by around 141%, reaching $0.00010808 from the initial $0.00000325. At the time of writing this news report, after the significant fall, Queen Elizabeth Inu retails for $0.00002533.
Another coin, “God Save the Queen,” had grown by 527% and reached the price of $0.00000019494 before it started falling on September 9th. At the time of writing, the coin retails for $0.00000001518.
Moreover, the NFT marketplace OpeaSea has also seen a surge of Queen-themed non-fungible tokens (NFTs). For example, “RIP Queen Elizabeth” contains 520 different NFTs. The non-fungible tokens illustrate Queen in a cartoon-like manner. However, after almost 4 days since the Queen passed away, it hasn’t noticed a significant interest from the public.
The crypto community is known for having its own way of commemorating significant events, however, not everyone was happy about such an initiative to honor the Queen.
A Twitter user called ThreadGuy.eth, which uses Bored Ape Yacht Club for its profile picture, tweeted:
Idk who needs to hear this but if you launched a Queen Elizabeth Nft collection to profit off her death you’re going to hell.
While other Twitter users said that this is how people are paying their respect to the British monarch, at the same time, others believe that it is a scheme used to deceive and rob people.
This article was originally published in Bitdegree and can be viewed here:
https://www.bitdegree.org/crypto/news/after-queen-elizabeths-death-immense-growth-of-queens-memecoins-and-nfts
