Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Aave’s Net Deposits Exceed $60B, up 55% in July

09/08/2025

Strategy CEO calls it ‘most misunderstood’ stock amid record profit

09/08/2025

Crypto Ban No Longer Feasible for SEC, Bloomberg’s Top Columnist Says

09/08/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    ETH Going to $16K in This Cycle? Analyst Explains Why This Could happen

    09/08/2025

    Limited pressure from unrealized profits spark talk of sustained ETH rally

    09/08/2025

    ETH Eyes Break Above $4K, But a Few Hurdles Remain

    09/08/2025

    ETH ticks up as whales buy, exchange reserves hit 9-year low

    09/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Nyan Cat Creator Calls Meme Coins ‘Wild West’, Claims $700K in Fees—But Denies Endorsement

    09/08/2025

    DeFi soars with tokenized stocks, but user activity shifts to NFTs: Report

    09/08/2025

    NFT market rebounds in July, surpassing DeFi in user activity

    08/08/2025

    La Poste launches a new collection of NFT stamps

    07/08/2025

    Aave’s Net Deposits Exceed $60B, up 55% in July

    09/08/2025

    Strategy CEO calls it ‘most misunderstood’ stock amid record profit

    09/08/2025

    Crypto Ban No Longer Feasible for SEC, Bloomberg’s Top Columnist Says

    09/08/2025

    Delhi High Court Orders WazirX Operator to Disclose Binance Agreement, Restructuring Plan

    09/08/2025
  • Blockchain

    Stability World AI Partners with SentrAI to Transform the Future of Tokenized AI Personas

    08/08/2025

    Base blames faulty sequencer for 33-minute outage, fixes made

    08/08/2025

    Switchboard launches Surge, Solana’s fastest oracle yet

    08/08/2025

    Walrus Integrates Pipe Network to Cut Latency and Enhance Bandwidth Across Chains

    08/08/2025

    Marex Becomes First Clearing Firm to Adopt JPMorgan’s Kinexys With Brevan Howard Digital

    08/08/2025
  • DeFi

    Aave’s Net Deposits Exceed $60B, up 55% in July

    09/08/2025

    ArtGis Finance and ATT Global Join Forces to Advance DeFi with Real-World Integration

    09/08/2025

    Pharos Network Integrates Morpho Lending Infrastructure for RWA Market

    09/08/2025

    Ethena USDe Tops $5.7B, Ranks Third in Synthetic Dollars

    09/08/2025

    DeFi lending starts with stablecoins, and the GENIUS Act makes them stronger

    09/08/2025
  • Metaverse

    The Sandbox Game Maker: Unleashing Revolutionary Metaverse Experiences

    07/08/2025

    Where Has the Metaverse Gone? Examining a Failed (and Costly) Trend

    01/08/2025

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025

    The Sandbox Launches Largest LAND Auction Using GBM Protocol

    21/07/2025
  • Regulation

    Strategy CEO calls it ‘most misunderstood’ stock amid record profit

    09/08/2025

    IBIT Emerges as Fastest ETF to Reach $10 Billion, Drives New Investor Growth for BlackRock

    09/08/2025

    Monster week for crypto treasury firms with $8B buying blitz

    09/08/2025

    Galaxy Digital Warns Crypto Treasury Firms Create ‘Structurally Fragile’ Market

    09/08/2025

    Devastating PEPE Trading Losses: James Wynn’s $1M Setback

    09/08/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Delhi High Court Orders WazirX Operator to Disclose Binance Agreement, Restructuring Plan

    09/08/2025

    Arbitrage Trading – A Beginner’s Guide

    09/08/2025

    Upbit and Bithumb Soar While Coinone Sells Assets

    09/08/2025

    Coinbase dYdX Support Unlocks Massive Opportunities on Native Network

    09/08/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    CodexField and Salvo Unite to Tokenize Game Code

    07/08/2025

    Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future

    06/08/2025

    VitaminAi and WildGo Partner to Unveil Web3 Pinball Game

    06/08/2025

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    05/08/2025

    Canaan Exits Kazakhstan and South Texas Sites Amid Bitcoin Mining Fleet Reshuffle

    09/08/2025

    Bitcoin’s Hashrate Roars to 976 EH/S — Just a Hair From 1 ZH/s Glory

    09/08/2025

    Q2 Results Reveal Strategic Shifts

    09/08/2025

    Jack Dorsey’s Block set to release new Bitcoin mining chips next week

    09/08/2025

    Crypto Ban No Longer Feasible for SEC, Bloomberg’s Top Columnist Says

    09/08/2025

    Universal Adds ‘No AI Training’ Warnings to Films as Midjourney Claims ‘Fair Use’

    09/08/2025

    Dubai and UAE move to align crypto frameworks under new partnership

    09/08/2025

    Hong Kong’s stablecoin KYC rules leaves industry observers concerned

    09/08/2025

    Aave’s Net Deposits Exceed $60B, up 55% in July

    09/08/2025

    Strategy CEO calls it ‘most misunderstood’ stock amid record profit

    09/08/2025

    Crypto Ban No Longer Feasible for SEC, Bloomberg’s Top Columnist Says

    09/08/2025

    Delhi High Court Orders WazirX Operator to Disclose Binance Agreement, Restructuring Plan

    09/08/2025
  • MarketCap
NBTC News
Home»NFT»Nyan Cat Creator Calls Meme Coins ‘Wild West’, Claims $700K in Fees—But Denies Endorsement
NFT

Nyan Cat Creator Calls Meme Coins ‘Wild West’, Claims $700K in Fees—But Denies Endorsement

NBTCBy NBTC09/08/2025No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Chris Torres, the creator of the iconic internet meme Nyan Cat, is apprehensive about getting involved in the world of meme coins, despite issuing a number of NFT collections in the past.

The artist told Decrypt it’s because he views meme coins as the “wild west.”

Still, Torres has claimed more than $700,000 in fees from the Bags token launchpad. It allows anyone to launch a token on the platform and assign royalties to a user on X. The platform has housed countless tokens sending royalties to Torres, most notably a Nyan Cat token that touched a $12 million market cap on Thursday.

“I am grateful for what is happening with that platform. I’ve never had this kind of support before, and the funds will help my family a lot,” Torres told Decrypt. “I’m still respectfully cautious about things though, ultimately I don’t know who launched what, who sniped supply, or who to trust.  It’s definitely still the wild west out here.”

The Puerto Rican-born artist disclosed that he has redeemed almost 4,000 SOL, which is currently worth just over $706,000, according to CoinGecko.

But Torres was clear that he does not think of accepting the funds as granting his endorsement to any token or platform—nor is he comfortable with creating an official token.

“Right now, I’m focused on the art I’ve been making for over 15 years,” Torres explained. “I know the coin space can be profitable and fun, but it’s also hectic, and there is nothing worse than having to pick up the pieces if one person decides to mess with a coin. I’m not totally opposed to the idea, but I have been getting more fulfillment from the art side of things.”

How did Nyan Cat get here?

Nyan Cat is an 8-bit animation of a cat with a Pop-Tart body flying through space, leaving a rainbow trail behind it.

The meme, based on his own Russian Blue cat named Marty, was originally posted to a comic site by Torres in 2011. It was later uploaded to YouTube with a Japanese song called Nyanyanyanyanyanyanya, which became synonymous with the meme.

Since then, Torres has been riding the wave of being an artist and has mingled with several classic meme creators.

In 2021, he sold a one-of-one NFT of the iconic GIF for 300 ETH, or $690,000 at the time.

On the back of this, Torres claims to have tapped into his OG meme network to help them also sell NFTs. This list included the likes of Keyboard Cat, Bad Luck Brian, Scumbag Steve, and more—all selling for at least five figures.

Torres also helped out the creator of Trollface, known as Carlos Ramirez, sell his classic meme as an NFT for 42 ETH, or approximately $69,000 at the time.

Recently, the Trollface artist has similarly found himself amid meme coin mania as a Troll token touched a $200 million market cap on Wednesday.

However, the Troll token was created on Pump.fun, which doesn’t easily allow for royalties to be shared with artists, as is the case with Bags. Despite that, a slew of Bags tokens have also been launched in honor of Ramirez. But he has refused to endorse a token, claiming that crypto “diminishes” art due to traders’ thirst for profits.

That said, the Trollface artist ruled out pressing legal action against the tokens. Nyan Cat creator Torres took a similar stance, claiming that legal action is only worth an artist’s time in a “serious case” due to how time-consuming and stressful it can be.

“As an artist, it’s important to find a balance between protecting your IP and letting something exist as a meme,” Torres said. “If the art is used respectfully, then there’s never been a problem.”

Over the years, Torres has collaborated with several projects to create NFT collections. This includes a 2023 Reddit Nyan Cat collection, which he says caused the social media site to temporarily go offline due to the number of people attempting to buy the NFTs.

“Most people think I am not even a part of crypto or hate it,” he said. “But I’ve been at it for almost five years and it’s been life-changing for me personally in a good way.”

Torres added that despite meme coins being the hot thing right now, he still believes that NFTs are a more natural fit for art.

“Coins are definitely harder to get into than art for a new artist,” he told Decrypt. “I think with [NFT] art, people will focus on the work itself, how it makes them feel, and everything lives in a neat collection that can be viewed as a gallery of works. With coins, the moment you launch you’re expected to keep that chart going up.”

“That being said, [meme] coins can be art,” Torres added. “It’s all about the execution.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

DeFi soars with tokenized stocks, but user activity shifts to NFTs: Report

09/08/2025

NFT market rebounds in July, surpassing DeFi in user activity

08/08/2025

La Poste launches a new collection of NFT stamps

07/08/2025

Bored Ape minter finally sells after 92% fall from peak

07/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Aave’s Net Deposits Exceed $60B, up 55% in July

09/08/2025

Strategy CEO calls it ‘most misunderstood’ stock amid record profit

09/08/2025

Crypto Ban No Longer Feasible for SEC, Bloomberg’s Top Columnist Says

09/08/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.