Crypto enthusiasts have created a meme coin inspired by the beloved cartoon character Mickey Mouse, after the very first cartoon featuring the iconic mouse entered the public domain.
The new token, known as MICKEY, emerged quickly after the rights to Mickey Mouse could no longer be protected by Disney. The creators of the “Mickey Token” describe it as a representation of the timeless cultural icon and a reflection of digital culture.
“The launch of the Mickey token marks not only its release into the public domain, but also the beginning of a new adventure into the unknown,” the website reads.
The MICKEY coin is specifically inspired by the original Mickey Mouse character from the 1928 cartoon “Steamboat Willie”.
The MICKEY token works on the Ethereum blockchain. It’s still in its infancy, with a market cap of a modest 6,500 USD.
Meme coins, such as MICKEY, are digital assets based on internet jokes, memes or culturally significant figures. They are known for their high volatility, with prices fluctuating rapidly. Under U.S. copyright law, character rights are protected for 95 years.
Released in 1928 and directed by Walt Disney and Ub Iwerks, Steamboat Willie marked the first appearance of Mickey Mouse.
Despite the 1928 version now being in the public domain, Disney has emphasized that they will continue to protect their rights to the more modern versions of Mickey Mouse and other works still under copyright.
The public domain status of Steamboat Willie opens up opportunities for artists and designers to use the early version of Mickey Mouse in their own works without asking permission.
Although the original cartoon is now freely accessible, later versions and adaptations of the character remain subject to copyright protection.
Meme Coin Market on Solana finds new soul
As reported, the Solana Network has seen an unprecedented influx of new tokens this month, far surpassing all previous records. So it is a trending crypto at the moment.
In the last two weeks alone, a whopping 72,202 new tokens have been minted on Solana using the SPL token standard.
This number is more than 71 times the number of tokens created during a comparable period in October.
The daily statistics for new token creation on Solana are now consistently four times higher than ever before since the network launched in 2020.
While the Solana ecosystem has seen a remarkable revival over the past two months, increasing the value of SOL, Solana NFTs, Solana meme coins, and even demand for the Solana smartphone, the sudden increase in token creation cannot be attributed solely to to the organic growth of the network activity.
Last week, the Avalanche Foundation, the nonprofit that oversees the development of the Avalanche Network, said it plans to use its $100 million non-fungible token (NFT) incubator fund to buy meme coins.
The move is part of the foundation’s “Culture Catalyst” initiative, which was launched in March 2022 to support promising NFT projects on the network.
New Meme Coin of well-known character – SpongeV2
Sponge V2 (SPONGEV2) was recently introduced as the successor to the successful $SPONGE token launched earlier in 2023. This new token aims to add additional value and benefits to the existing ecosystem. This meme coin is also expected to see significant growth as there is already a large crypto community involved in the project.
There are several new applications within the Sponge V2 ecosystem, including the ability to participate in decision-making, facilitate transactions, and access specific features of the platform. This also extends to decentralized finance (DeFi) protocols, gaming and decentralized apps (dApps).
Sponge V2 is currently in the presale phase, but participation in this project is different from what you may be used to from other presales. Investors can gain access through a Stake-to-Bridge model. This means that investors must first “bridge” their Sponge V1 tokens, after which they will be permanently locked. They will then receive staking rewards in the form of Sponge V2 tokens, which will be released over a period of four years. The first batch of $SPONGEV2 tokens will be given to investors before listing on exchanges. This allows investors to benefit from expected price increases.
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