Recently, BOOK OF MEME (BOME) released by Pepe Meme artist Darkfarm has swept all social platforms, rising 20 times in just three hours, with a market value of over 80 million US dollars. BOOK OF MEME (BOME) is like a MEME atomic bomb in just one day, taking the already Fomo Solana MEME Season to a higher level:
-$bome increased 50 times in a single day
The number of currency holding addresses exceeded 30,000 in one day
Total market value exceeds 150 million US dollars
Total transaction volume: $230 million
·3-4 exchanges flock to Listing every day
$bome's various data are refreshing the bull market's MEME opening record. What makes it rise so rapidly? Can it become the next billion-dollar Meme?
Before that, let’s talk about Meme.
The word meme first appeared in Richard Dawkins' book The Selfish Gene in 1976. The word itself comes from the ancient Greek word mīmēma, which originally means "something imitated". In Dawkins' book, meme is defined as a unit that carries culture, ideas, concepts, or behaviors, which can include but is not limited to slogans, proverbs, gestures, habits, images, and any specific and imitable form that is easy to spread. Under this concept, meme is translated as meme.
On the Internet, Meme is often translated as "梗". Nowadays, there are some very easy-to-spread forms of expression on the Internet, such as "梗图", "表情包", and "short video". They are usually repeatable images and texts to convey humor, complaints, or irony. For example, I cut out half of the words in the following sentence, but most readers of this article can tell where the sentence comes from and what it says. "These two ○○○, don't talk about ○○, come ○, come ○○, I am 69 years old ○○○." This kind of magical stalk native to the Internet will spread like a virus along the Internet.
Meme pictures are also a common form of meme. If you surf the Internet frequently like me, you must be familiar with this meme picture:
Speaking of Meme coins, their origins can be traced back to 2013, when some of the earliest Meme coins appeared, through the Folk Bitcoin network and issued their own native tokens, such as Catcoin and Dogecoin. Dogecoin, also known as Dogecoin, was launched as a joke by software engineers Billy Markus and Jackson Palmer in 2013 to make fun of the crazy speculation on cryptocurrencies at the time. The prototype of Dogecoin came from the Doge Meme, a popular dog on the Internet at the time, which was a widely circulated photo of a Japanese Shiba Inu.
His name is Kabosu and he is almost 18 years old
However, the subsequent development of Dogecoin went against the idea of its founder. With its already popular Doge Meme image and the Internet's meme model, it quickly became popular on the social platform Reddit. As Dogecoin became popular, a large number of Memecoins with dog elements emerged. Most of the Meme coins during this period did not have any specific goals or uses, and mainly relied on social media promotion to attract users.
With the improvement of blockchain infrastructure and the introduction of smart contracts, a developer named Ryoshi issued ShibaInu on Ethereum, which is also based on the Japanese Shiba Inu. But unlike Dogecoin, $SHIB took advantage of smart contracts. 50% of the total supply of $SHIB was used to provide liquidity in Uniswap AMM, and the other 50% was sent to Ethereum founder Vitalik Buterin. Vitalik Buterin destroyed 90% of it and donated the remaining 10% to the Indian Covid Relief Fund. During this period, Meme coins began to have a celebrity effect. Coincidentally, in 2021, the founder of Tesla stood up for Dogecoin, once again pushing Meme coins to the forefront of the times.
With the development of the Crypto industry, some Crypto-native Meme coins built on popular culture have emerged, and ArbDoge is one of them. ArbDoge is issued on the Ethereum Layer2 network Arbitrum, and adopts a design that empowers tokens. It was initially promoted by airdropping to all addresses with $ARB airdrop qualifications. A transaction tax was designed for Arbidoge, and part of the tax will be used to repurchase $ARB, which will be used to reward ArbDoge holders and LPs.
Let us now review how BOME’s legendary disk rose to prominence.
Darkfarms is an artist who specializes in the creation of Pepe Meme images. His most famous work is the Pepe-themed NFT series SMOWL. This work was released two years ago, with an issue price of 0.04 ETH. The floor price before BOME became popular was about 0.047 ETH, and 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. The following are some examples from his personal website:
On March 10, Darkfarms began to announce the upcoming launch of the project. On the 12th, it disclosed the project "BOOK OF MEME" and its project concept. Darkfarms said that BOOK OF MEME is: "A shitcoin, an updateable electronic magazine, a multi-functional tool for creating memes, a CC0 meme gallery with all the last Mint JPEG links. It may even be a decentralized social network, a single NFT that links everything, and a small gif on the solscan browser.
BOOK OF MEME captures the current Meme meta (data), includes the vast majority of on-chain Meme coins, the data is stored on Arweave/IPFS/Inscriptions, and can even be used as a social platform for cross-chain storage, but it is mainly a book that I can update and constantly add new Memes and new styles to.
In short, BOOK OF MEME is a permanent storage library for memes, and will expand a series of meme creation functions based on it.
Darkfarms demonstrated some of BOOK OF MEME’s features, such as turning an image into a glitch pixelated style:
Permanently store Meme creations in Arweave/inscriptions/ipfs/etc.
On March 13, Darkfarms launched a pre-sale, which can be participated by sending SOL to a designated Solana address. There is no fixed price for the pre-sale, and all participants in the pre-sale are allocated tokens according to the proportion of SOL they donated. The progress of the pre-sale also far exceeded Darkfarms' expectations. The original fundraising expectation was only 500-600 SOL. As of 8 am yesterday, according to the data disclosed by Darkfarms, a total of 10,131 SOL were raised.
Darkfarms added all the SOL raised into the LP pool, with an initial price of 0.0{3}496 USDT. The token then began to spread widely in the Chinese and English communities. Due to its extremely high depth, it can accommodate a large amount of funds. A large number of buy orders of more than 100 SOLs continued to pour in, pushing its price up continuously; BOME rose to a maximum price of 0.0012 USDT, an increase of about 24 times, with a market value of more than 80 million US dollars. At present, BOME is still rising and has entered the second-tier level of Solana Meme market value.
In just 5 days, a new masterpiece was born, and the most interesting thing about this masterpiece is that the Meme pictures and NFT series previously created by Darkfarms did not cause a phenomenal effect on Ethereum.
This time on Solana, just like the name of the contract deployed by BOME - Fuck ME, he is starting a more ambitious art performance show, deconstructing a more outrageous world, blowing a bigger bubble, making a bigger joke, and attracting more people to join the MEME carnival. Whether BOME can become the next billion-dollar Meme remains to be seen in the market.
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