Ozzy Osbourne & the memecoin frenzy – How death became a DeFi event
Main Idea
The article discusses the trend of monetizing mourning in the crypto space, exemplified by the rapid emergence of grief-themed memecoins following the death of celebrities like Ozzy Osbourne, highlighting the shift from cultural tributes to speculative financial opportunities.
Key Points
1. Ozzy Osbourne's death triggered a wave of grief-themed memecoins, illustrating how the internet now monetizes cultural events rather than just commemorating them.
2. Similar instances occurred with the deaths of Queen Elizabeth II and Hulk Hogan, where memecoins saw rapid but short-lived surges in value.
3. Some projects, like the NFT auction of Kobe Bryant's photos, blend noble intentions with financialization, turning grief into tradable assets.
4. David Schwartz's anecdote about ghostwriting for Black Sabbath reflects on the authenticity and commercialization of cultural engagement in the digital age.
Description
Welcome to the age of monetized mourning.
Latest News
- Ethereum Name Service – Mapping ENS’s road to $32 and beyond2025-07-27 05:11:19
- Decoding SUI’s breakout – Is a rally to $5.30 coming next?2025-07-27 04:02:46
- SPX rallies on 935K whale buys, but is the market top already here?2025-07-27 03:06:47
- Bitcoin prices to $111K? – THESE indicators flash warning signs2025-07-27 02:41:07
- Ethena surges 27%, but here’s how ENA could push 38% higher2025-07-27 01:09:58