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A major feature of the current cryptocurrency market cycle has been the repeated success of investors seeking to take advantage of temporarily viral memes to turn hundreds of dollars into thousands if not millions. The latest such success was achieved by a trader who purchased the new Moo Deng (MOODENG) meme coin on September 10 for 6 Solana (SOL) – worth approximately $800 at the time – per data gathered by Finbold from blockchain intelligence platform Arkham on September 23 . The trade quickly exploded in value, as did the virality of the meme on which it was based. By September 18, the trade rocketed to $400,000 in value, and by press time on September 23, it surged up to $1.3 million – meaning the original investment was multiplied more than 1,600 times in value. Picks for you Kamala Harris finally reveals her crypto p...

Building communities has become more crucial than ever in today’s rapidly changing art space, especially with the rise of NFTs. The importance of building communities cannot be underestimated in the rapidly changing art world, driven by technology and the explosion of nonfungible tokens (NFTs) in the last two years. An audience is a social media following, but a community is a group of people working toward a common goal. Art market economist and academic Magnus Resch has extensively researched the importance of communities and networks for artists. Resch holds a Ph.D. in economics and has studied at the University of St. Gallen, the London School of Economics and Harvard. In addition to lecturing at Yale, he has produced several publications about the economics of the art world. He has appeared in academic journals and major publications like The Wall Street Journal, The New York Times and Vanity Fair. Resch recently spoke to Cointelegraph about his latest book, How to Create and Sel...