IreneDAO to the moon: NFTs selling for $10k after Logan Paul, Mike Novogratz simp in
Coinhead
Coinhead
Here’s yet another use for NFTs: simping.
A collection of 1,107 pictures of Chinese crypto-influencer and Instagram star Yuqing Irene Zhao are selling for a minimum of 3.15 Ether (US$10,300), just two days after they were available to be minted for free.
Wait, so I have a DAO now?? 😂😂 https://t.co/qGJTygagLn
— Irene Zhao (@Irenezhao_) January 14, 2022
YouTuber Logan Paul this morning bought 20 of the IreneDAO “tribe passes” for a total of approximately 85.9 Ether (US$280,000), his OpenSea wallet indicates.
Billionaire crypto investor Mike Novogratz tweeted that he’d bought in, as well.
Yes we are!! Proud member of team @Irenezhao_ I love the hustle. This young woman has created her own brand in less than a year. And NFT’s allows her to pull her community together. pic.twitter.com/iZiAqXj1iX
— Mike Novogratz (@novogratz) January 16, 2022
When Stockhead checked Opensea this afternoon, there’d been 18 sales for between 2.89 to 3.45 Ether in the past two hours.
A new era of SIMPconomics. Tell me why the floor price for IreneDAO is almost 6e.
Guys will always be guys. I give up🤦🏽♀️ pic.twitter.com/XwBiniZ665
— Lulu🧡 (@Lucile_Kris) January 16, 2022
There was already a fake IreneDAO set up on Opensea and some were predicting the success of the project would lead to many imitators.
Are you ready for the new simp meta?
The success of IreneDAO will spark many clones.
That’s right.
It’s officially the start of 𝐬𝐢𝐦𝐩 𝐬𝐳𝐧.
— Alex Wice (@AWice) January 16, 2022
For those unfamiliar with the term, “simping” refers to the phenomenon of fawning over someone. Attractive female crypto-influencers tend to attract a huge number of simps who tell them how good they look.
Some saw this as problematic.
Are you ready for the new simp meta?
The success of IreneDAO will spark many clones.
That’s right.
It’s officially the start of 𝐬𝐢𝐦𝐩 𝐬𝐳𝐧.
— Alex Wice (@AWice) January 16, 2022
Believe it or not, there is a method to this madness, from what Stockhead has been able to discern.
According to messages in IreneDAO’s Discord, the project was started as a proof of concept for Socol, a StarkNet and Immutable X powered fan platform that describes itself as a decentralised version of OnlyFans.
So many people are hating on IreneDAO not understanding that we started this as a proof of concept for the core thesis of @socol_io. While they’re busy typing “🤮🤮🤮”, we’re out here building a potential gamechanger.
Simplicity, Integrity, Meaning, Purpose @0xIreneDao pic.twitter.com/oFB35er5QA
— Benjamin Tang (@bentangbentang) January 17, 2022
Zhao is involved in building the platform, according to her Instagram, where she has 337,000 followers.