The market value exceeded US$80 million within half a day of being online. Why did Pepe Meme artist’s BOME become so popular?

Original | Odaily Planet Daily

Author | Nan Zhi

Today, the BOOK OF MEME (BOME) released by Pepe Meme artist Darkfarm has swept all social platforms. It has increased 20 times in just three hours since it was launched, with a market value exceeding US$80 million. What makes it grow so rapidly? Odaily will reveal its project concept and development history in this article.

Meme Gallery——BOOK OF MEME

Who is Darkfarms?

Darkfarms is an artist specializing in the creation of Pepe Meme images. His most famous work was the Pepe-themed NFT series SMOWL. This work was released 2 years ago. The issue price that year was 0.04 ETH. Before BOME exploded, the floor price was about 0.047 ETH. It has now risen to 0.2 ETH.

In addition to this work, Darkfarms has also continued to create Pepe Meme pictures and NFT series over the years. Here are some examples from its personal website:

WHAT IS BOOK OF MEME?

On March 10, Darkfarms began to preview the upcoming Launch project. On the 12th, it disclosed the project “BOOK OF MEME” and its project concept. Darkfarms stated that BOOK OF MEME is

"A shitcoin, a renewable e-magazine, a versatile tool for creating memes, a CC0 Meme library with all unmint JPEG links. Maybe even a decentralized social network, a link A single NFT of all things, and a small gif on the solscan browser.

BOOK OF MEME captures the current Meme meta(data), including most of the Meme coins on the chain. The data is stored on Arweave/IPFS/Inscription, and can even be used as a social platform for cross-chain storage, but it is mainly a book I can update and constantly add new memes and new style books.

In short, BOOK OF MEME is a permanent storage library for Meme, and will expand a series of Meme creation functions on its basis.

Darkfarms demonstrates some of BOOK OF MEME’s features, such as turning images into glitchy pixel art:

Permanently store Meme creative content in Arweave/inions/ipfs and other places.

Start pre-sale

On March 13, Darkfarms launched a pre-sale. You can participate by sending SOL to the designated Solana address. There is no fixed price for this pre-sale. All participants in the pre-sale will be allocated tokens according to the proportion of SOL they donated. The progress of the pre-sale has also far exceeded Darkfarms’ expectations. The original fundraising expectation was only 500-600 SOL, so he opened a community vote and let the participants decide how to allocate the pre-sale funds. As of 8 a.m. today, according to data disclosed by Darkfarms, ** has raised a total of 10,131 SOL**.

At 15:00, Darkfarms will add all SOL raised into the LP pool, with the initial price being 0.0{3}496 USDT. Subsequently, the token began to spread widely in the Chinese and British communities. Due to its extremely high depth, it can accommodate the entry of a large amount of funds. A large number of buy orders of more than 100 SOLs continued to pour in, pushing its price to continue to rise; the highest price of BOME rose to 0.0012 USDT. , up approximately 24 times, with a market value exceeding US$80 million.

At present, BOME is still continuing to rise and has reached the second-tier market value of Solana Meme. Whether it can become the next billion-dollar Meme remains to be seen by the market.