Animated Flying Cat With a Pop-Tart Body Meme Sells for $580,000

Chris Torres sold a one-of-a-kind version of his 10-year-old Nyan Cat meme, an animated flying cat with a Pop-Tart body leaving a rainbow trail, for $580,000, reports DNYUZ.

The digital art sold on Foundation, a website for buying and selling digital goods.

DNYUZ notes how buying digital art is becoming popular and expensive:

The sale was a new high point in a fast-growing market for ownership rights to digital art, ephemera and media called NFTs, or “nonfungible tokens.” The buyers are usually not acquiring copyrights, trademarks or even the sole ownership of whatever it is they purchase. They’re buying bragging rights and the knowledge that their copy is the “authentic” one.

Other digital tokens recently sold include a clip of LeBron James blocking a shot in a Lakers basketball game that went for $100,000 in January and a Twitter post by Mark Cuban, the investor and Dallas Mavericks owner, that went for $952. This month, the actress Lindsay Lohan sold an image of her face for over $17,000 and, in a nod to cryptocurrencies like Bitcoin, declared, “I believe in a world which is financially decentralized.” It was quickly resold for $57,000.

(Sources: DNYUZ, Foundation)

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