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Elon Musk reposted this meme > 2 days later ‘Love in The Time of Web3’ sold as an NFT for nearly $20,000

CNBC Make It| Taylor Locke | Oct 22, 2021

bitcoin NFT meme - Elon Musk reposted this meme > 2 days later 'Love in The Time of Web3' sold as an NFT for nearly $20,000Love in The Time of Web3

It's no secret that billionaire Elon Musk loves memes. He frequently reposts them on Twitter, where he has 61 million followers.

Though some dislike his reposting, as he often neglects to give the original meme creators credit, others have profited from Musk's practice, including self-proclaimed "hobby artist" Eva Beylin.

Beylin was thrilled when Musk reposted her meme on Wednesday.

"The ultimate prize of memeology is for the ultimate meme lord to use your meme," Beylin, 28, tells CNBC Make It.

Even though Musk didn't give her any attribution, "I am over the moon," she says, adding that she's a big fan of Musk.

Beylin's meme, which she named "Love in The Time of Web3," depicts a cartoon couple admiring the prices of bitcoin and ether, which are $69,000 and $4,200, respectively, in the meme. While the price of bitcoin hasn't hit $69,000, the numbers are an obvious nod to meme culture.

As the director of The Graph Foundation, which supports blockchain data protocol The Graph, Beylin is passionate about Web3, which is the decentralized iteration of the internet that powers blockchain-based applications like NFTs.

See:  Non-Fungible Tokens in the media and entertainment industry

"Love in The Time of Web3" got a lot of attention following Musk's tweet. That night, Beylin listed it as an NFT, or nonfungible token, on marketplace Zora, and two days later, it sold for five wrapped ether, which is about $19,800 at current pricing, to an anonymous buyer.

"It is surreal," Beylin says.

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