Rare Pepes: The World of Collectible Meme
Art is not the only valuable collectable on the market. These days, NFTs are out, and NFT memes have taken to the stage.
What are Rare Pepes?
Rare Pepes, sometimes called one of the first-ever NFTs, are digital NFT collections of the popular meme 'Pepe the Frog’. Pepe the Frog was first created in 2005 by American Matt Furie. The simple carton frog character appeared in Matt’s self-made comic book, "Boy’s Club".
The meme gained popularity after the comic book was posted on Matt's Myspace account and other platforms like Gaia Online and 4chan.
The Rise of Pepes
By 2014, Pepe the Frog became one of the internet's most popular memes when celebrities like Katy Perry and Nicki Minaj shared the iconic frog meme on their social media accounts, contributing to its popularity.
Rare Pepes was first issued as an NFT in 2016 by an anonymous user called "Mike". It was minted on an openly distributed Bitcoin blockchain network called Counter Party and traded as an XCP asset.
In 2018, the final NFT series was released, consisting of 36 unique cards,, each with distinct production qualities, and there are now more than 100,000 units of this meme-inspired art available.
Collecting Rare Pepes
The value of Pepe NFTs is determined by scarcity, with limited editions or unique designs attracting higher demand.
Most NFT collectors have found opportunities for financial gain on the cards through strategic trading and investing.
Nakamoto Card Pepe, the oldest Rare Pepes minted as Card 1 in the first series, was sold for a whopping $500,000 during the third annual NFT.NYC conference in November 2021.
Introducing the platform
Rarepepes.com is a dedicated online platform providing a wealth of information on Rare Pepes. It's like a big online library that offers resources providing a deep understanding of Rare Pepes, including details about different collections, historical context, significance, and market value.
The platform caters to all your needs by offering pricing information, collecting guides, tips for buying and selling on OpenSea, setting up a Rare Pepe wallet, funding your wallet, and so on.
In addition, the website offers community interaction features (Telegram) where you can connect with other collectors or Rare Pepe lovers and stay updated with the latest news and cool things happening.
So, if you are an NFT collector seeking investment opportunities in these unique artworks, rarepepes.com could be the ideal destination for you.
Virtual reality auction
Another notable feature is its virtual reality auction, an innovative way for collectors to participate in buying and selling.
This feature, which requires a VR headset, takes the traditional auction experience to the next level.
Once you're in the virtual auction room, you can view detailed 3D renderings of the cards, inspect each unique design, place bids, and compete against fellow collectors worldwide.
The last auction took place in November 2021, with various cards available.
These meme-inspired artworks have the potential to gain even greater recognition and value.
With the ongoing technological development and the growing acceptance of digital collectables, the demand for this unique NFT collection will likely increase.
In addition, the platform will most likely introduce more features and provide more up-to-date information, facilitating engagement and supporting collectors.
Iyiola is a visionary wordsmith bridging the gap between the complex world of crypto and the minds of those who seek understanding. He has two years of experience as a writer, and when he is not writing, he is designing applications as a UI/UX specialist. Feel free to check his portfolio via LinkedIn.