Ozzy Osbourne & the memecoin frenzy – How death became a DeFi event

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.