How much would you pay to own this meme video below? If you said something below 1.1 ethereum (about $ 2,500), you would have surpassed it.
What does it even mean to “own” memes?
No one can actually have a meme, right? Well, yes, searching, saving, sharing and capturing screen memes is free and will always be free. But buying and having an original image / video file and metadata meme is where the real value is found. Just as in art as there are millions of Picasso replicas, but the money is held only by the original works, the NFTs are the digital signature of a new artist showing irrefutable proof that this file or meme in this case is indeed the original. That proof is what counts.
So how valuable are memes?
When many people start to create a meme or use a meme generator, they think it’s pretty easy – and often it is. But as memes evolved, they came to the point of classifying them as art. Meme artists and digital creatives have recently profited by selling their works online as irreplaceable tokens or NFTs.
While large Instagram accounts continue to strive to generate steady revenue directly on the platform, selling their original digital creations elsewhere seems like the next attempt. Meme accounts always watch what trends are happening and it makes sense that they will try to earn some of what they already do for free. To find out how this process works, it was easier to talk to someone who already understood it. Well, I sat down with one of the best original meme creators left on Instagram, @IGotSilver. IGotSilver, whose real name is Andy, has developed an Instagram that follows over 468,000 followers and is a partner with He never thinks.
Jackson Weimer: How / why did you start making memes?
Andy IGotSilver: I started working memes very accidentally. I think the first “Meme” I ever really did was editing my friend’s can of ravioli, of course, looked like trash, but when the rest of my friends from the group of friends saw it, they liked it! Their reactions are what first prompted me to edit, and as I edited more, I happened to find myself making memes.
Weimer: How did you first hear about NFTs?
IGotSilver: I first heard of NFT when it was my friend @Toucher_of_cancer put his story “Meme NFTs” and the first thing I asked him was “What is NFT?”. After that, we created a group chat site interested in the area and @Lushsux was really the person who answered the question “What is NFT?” me and many other creators.
Weimer: Which inspired you to forge Changing room for boys 2 compared to the other memes you turned into NFT?
IGotSilver: “Children’s locker room” is very much a meme in the world of memes. I published the original almost two years ago and within those years I was always bombarded with the same messages. “Waiting for the second part” “Where’s the other part?” “We want a locker room for boys 2 !!” People became so impatient that they even made their own versions. I shot the video probably 3 times, but I canceled them because they didn’t seem good enough. As NFTs are on the rise and when I see how well people are making money on them, it has given me the motivation to finally complete the video.
Weimer: Where did you advertise your NFT list, anywhere other than your Instagram?
IGotSilver: Well, I’m still pretty unusual when it comes to advertising my NFTs. Twitter and Clubhouse seem to be the best places to enter the community, but I really had no luck on those platforms.
Weimer: In any case, do you make a consistent income through your meme site? Partnership / Ad / Editing Fees?
IGotSilver: It might be consistent, but I simply choose to make money from my account whenever needed. I make most of my money from commissions, and publishing houses are always willing to pay a commission for memes.
Weimer: What about your meme, in your opinion, worth thousands of dollars?
IGotSilver: The actual value of NFT is really determined by the owner, but if I had to choose what it is that created its value, it would be a lot of different things. Maybe that hype was created almost two years ago for that video to fall. It could also have been the fact that it was one of the first Meme NFTs to fall. There aren’t many meme pages for this space right now, so maybe I, as one of the first meme creators, could raise the value of the work.
Weimer: What do you know about the person who bought your NFT, are you close now?
IGotSilver: I don’t know much about who bought my NFT. I’m not even sure if he followed me before he bought NFT. He seems to be a big NFT collector and by reviewing some parts of his collection, there are a lot of NFTs associated with memes that could somehow explain why he liked the piece. After the part was sold, I congratulated them and thanked them for publicly buying the piece as a post on my site. We don’t really talk much, but he bought my NFT which makes them a cool person in my book.
Weimer: Did you spend more time on this meme compared to others who knew you were going to sell it as NFT?
IGotSilver: THAT!!! I think this video is the longest video I’ve ever made and I know it took the most time. The video itself seems like a simple concept, but I did it well, which took me a long time. The reason I scraped off other versions of the Children’s Locker Room was that I didn’t like them at all. I wasn’t happy with how they came out. I can’t calculate exactly how many hours I invest in editing, but basically, my life woke up in 1-2 weeks, edited, ate (occasionally) and fainted. I say occasionally because I was so locked into shooting this video, that sometimes I forgot to eat.
Weimer: What do you plan to use the money for?
IGotSilver: I’m saving it right now, but if my NFTs become more popular, I plan to spend them on things that will improve my performance, like a new graphics card, add-ons, programs, etc.
Weimer: What are your thoughts on environmental issues around NFT? Did you find out about them before or after you sold?
IGotSilver: I found out about them while doing my first NFT. I’m sure every NFT artist knows about it now because the next one will remind them a thousand times about it, but it’s not the artist’s fault. I’m 200% sure every NFT artist would love for NFTs to run an environmentally friendly system, but we’re currently working on a Proof of Work system and advocating for Proof of Stake, a more environmentally friendly way for NFT artists to forge their artwork.
Weimer: What would you recommend to someone who wanted to sell their first NFT?
IGotSilver: I’m still pretty new to this space so I don’t have a lot of advice to give. The two best things I could recommend are: One: Let the market value your work. Yes, there are many people who sell random garbage for a lot, but that’s just luck. Go a little. Don’t just list your genesis for a huge amount. Second: Create your own style. This is what I still struggle with, but I create something that people can watch without a watermark and know it’s you. Style is what sets you apart from everyone else.
The conversation is edited and concise for clarity.