Following the death of Queen Elizabeth II on September 8, 2022, a wave of Queen-themed cryptocurrencies and non-fungible tokens (NFTs) flooded the market. These digital assets, which were often created and marketed without any official authorization, were met with a mixed response from the crypto community. Some people saw them as a harmless way to pay tribute to the late Queen, while others saw them as exploitative and disrespectful.
Queen Elizabeth II Cryptocurrencies
Over 40 Queen Elizabeth II-themed cryptocurrencies were created and launched in the days following the Queen's death. These coins had names like Queen Elizabeth Inu, God Save The Queen, and RIP Queen Elizabeth.
Most of these coins were created on the Binance Smart Chain (BSC) or Ethereum blockchains. They were typically offered for sale through decentralized exchanges (DEXes), which allow users to trade cryptocurrencies without the need for a central intermediary.
The prices of these coins varied widely, with some selling for fractions of a penny and others selling for several dollars per coin. However, the vast majority of these coins were penny stocks, with little to no liquidity.
Queen Elizabeth II NFTs
In addition to cryptocurrencies, a number of Queen Elizabeth II-themed NFTs were also created and marketed in the days following the Queen's death. These NFTs were often sold on OpenSea, a popular NFT marketplace.
Some of these NFTs were created using images of the Queen, while others were more creative, featuring images of the Queen as a superhero, a meme character, or even a zombie.
The prices of these NFTs also varied widely, with some selling for a few dollars and others selling for thousands of dollars. However, the vast majority of these NFTs were also illiquid, with few buyers or sellers.
Reactions to Queen Elizabeth II Crypto and NFTs
The reactions to Queen Elizabeth II crypto and NFTs were mixed. Some people saw them as a harmless way to pay tribute to the late Queen. For example, some people purchased Queen Elizabeth Inu coins as a way to show their support for the Queen and her family.
Others saw Queen Elizabeth II crypto and NFTs as exploitative and disrespectful. For example, some people criticized the creators of these assets for trying to profit from the Queen's death.
Conclusion:
Whether Queen Elizabeth II crypto and NFTs are a crypto craze or a royal pain is a matter of opinion. Some people see them as a harmless way to pay tribute to the late Queen, while others see them as exploitative and disrespectful.
It is important to note that the vast majority of Queen Elizabeth II crypto and NFTs are illiquid, meaning that it can be difficult to buy and sell them. Additionally, many of these assets are scams, and investors should be wary of investing in them.
Queen Elizabeth II Memes: A Crypto Craze or a Royal Pain? - I hope this article was informative.
