In 2021, we learned we could speculate on anything. Through NFTs, investors traded on emoji, tweets, jpegs, and farts. And in the memecoin market, a lot of people made a lot of money on inside jokes. For the uninitiated, a meme coin is a crypto asset based on a meme or an internet joke. Unlike other cryptocurrencies, which try to serve a real-world purpose, the point of most meme coins isn’t really to do anything. Instead, they’re largely vehicles for speculation, their value driven by hype. Meme coins generally begin at a price of a few cents or less but can quickly soar to hysterical highs, making them beloved by the Robinhood crowd. Here, a student turned crypto trader in his mid-20s shares his frenzied journey through the meme casino and what it was like to make his first million.
I FIRST BOUGHT BITCOIN in 2019 in order to buy drugs. I put in $500 and forgot about it, and when I checked at the end of 2020, I had $2,000. So I started putting my savings in little by little. I was doing really boring stuff, just buying coins and holding them. Then, this past August, Visa bought a CryptoPunk, which is a very blue-chip NFT, and I thought, Shit, maybe I should look at NFTs. I got lucky—I ended up minting the rarest type of one NFT, which was worth more than $200,000 at its peak. I was feeling good and decided to put all the money I had in crypto into NFTs, which by then was about $75,000. Half of it was mine—it was basically all my savings after I maxed out my 401(k). The other half was from my dad, and the plan was to split the profits with him. But two weeks later, halfway through October, NFT prices dropped. And NFTs just kind of died.
هذه القصة مأخوذة من طبعة January 3-16, 2022 من New York magazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 3-16, 2022 من New York magazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
A Wonk in Full- Ezra Klein, glowed-up and post-coup, was almost a celebrity at the convention.
Ezra Klein, glowed-up and post-coup, was almost a celebrity at the convention. Ezra Klein, who is known to keep his passions in check, did not have the right credentials to get into the arena. The Secret Service didn't recognize the New York Times' star "Opinion" writer and podcaster, but eventually he was able to figure out how to get in to where he belonged. This was, after all, as much his convention as any journalist's, since its high-energy optimism turned on the fact that President Joe Biden was no longer leading the ticket and, starting early this year, Klein had led the coup drumbeat.
The Afterlife of Donald Trump - The presidential hopeful contemplates his campaign, his formidable new opponent, and the miracle of his continued existence.
Donald Trump raised his right hand and grabbed hold of it. He bent it backward and forward. I asked if I could take a closer look. These days, the former president and current triple threat-convicted felon, Republican presidential nominee, and recent survivor of an assassination attempt-comes from a place of yes. He waved me over to where he sat on this August afternoon, in a low-to-the-ground chair upholstered in cream brocade fabric in the grand living room at Mar-a-Lago.
Danzy Senna Can't Stop Thinking in Black and White
Her latest novel holds diminishing returns.
Live, Laugh, Love
Dick jokes meet sentimentality in a wily Sandler-Safdie collab.
Tim Burton Is Great Again
A long-awaited sequel revels in gore and nostalgia.
In the Shack With Robert Caro
The Power Broker is turning 50. The final LBJ book is almostwell, he won't say exactly, but he's trying for 900 words a day.
24 Comedians You Should Know RIGHT NOW
THE COMEDY industry is undergoing a metamorphosis in 2024. Name-brand venues like the Second City and UCB are opening or reopening in New York, beloved local spots are being bought out by megacorporations, and streaming-service-helmed comedy festivals are usurping the old-fashioned ones. Post-WGA strike, TV-development execs are growing green-light-shy, Hulu is entering the stand-up fray, and YouTube specials are becoming just as worthy of watching as Netflix specials, if not more so.
Leading Lady
Anna Sawai could take home the Emmy for her performance in Shogun. But she's keeping her cool.
RESTAURANT REVIEW: Le Même Veau
The Frenchette crew has taken over the 87-year-old restaurant, and the snails are as garlicky and the duck as pink as ever.
DESIGN HUNTING: A LOFT WITH A HIGHER PURPOSE
Ali Richmond, co-founder of the nonprofit Fashion for All Foundation, has lived in this Brooklyn loft for almost 20 years with his archive of designer clothing.