New Mickey Meme Coin Capitalizes on Cartoon's Public Domain Status

Last updated: January 2, 2024 05:06 EST . 2 min read

Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission.Image Source: Sky NewsCrypto enthusiasts have created a meme coin inspired by Mickey Mouse, the beloved cartoon character, after the first-ever cartoon featuring the iconic mouse entered the public domain.

The newly minted token, known as MICKEY, quickly emerged in the wake of Mickey Mouse’s public domain status

The creators of the “Mickey Token” describe it as a representation of the timeless cultural icon and a reflection of digital culture

“The launch of the Mickey token not only marks his release into the public domain but also the beginning of a new adventure into the unknown,” the website reads.

The MICKEY coin is specifically inspired by the original Mickey Mouse character from the 1928 cartoon “Steamboat Willie.”

The MICKEY token operates on the Ethereum blockchain

It is still in its early stages, with a market cap currently standing at a modest $6,500

Meme coins, such as MICKEY, are digital assets based on internet jokes, memes, or culturally significant figures

They are known for their high volatility, with prices fluctuating rapidly.

Under U.S. copyright laws, character rights are protected for 95 years

Steamboat Willie, released in 1928 and directed by Walt Disney and Ub Iwerks, marked the first appearance of Mickey Mouse

Despite the 1928 version now being in the public domain, Disney has emphasized that they will continue to safeguard their rights over the more modern iterations of Mickey Mouse and other works still covered by copyright.

The public domain status of Steamboat Willie opens up opportunities for artists and creators to utilize the early version of Mickey Mouse in their own works without seeking permission

It is worth noting that while the original cartoon is now freely accessible, subsequent iterations and adaptations of the character remain subject to copyright protection.

Meme Coin Market on Solana Finds New Soul

As reported, the Solana network has experienced an unprecedented influx of new tokens this month, surpassing any previous records by a significant margin

Over the last two weeks alone, a staggering 72,202 new tokens have been minted on Solana using the SPL token standard

This number is more than 71 times the amount of tokens created during a comparable period in October.

The daily statistics for new token creation on Solana are now consistently four times higher than ever before since the network’s launch in 2020

While the Solana eco has witnessed a remarkable revival in the past two months, driving up the value of SOL, Solana NFTs, Solana meme coins, and even demand for the Solana smartphone, the sudden surge in token creation cannot be solely attributed to organic growth in network activity.

Last week, the Avalanche Foundation, the nonprofit organization overseeing the development of the Avalanche Network, said it aims to allocate its $100 million non-fungible token (NFT) incubator fund to purchase memecoins

The move is part of the foundation’s “Culture Catalyst” initiative, which was initially launched in March 2022 to support promising NFT projects on the network.