Cryptocurrency enthusiasts have recently introduced a meme coin paying homage to Mickey Mouse, the beloved animated character, leveraging the character’s entry into the public domain.
This freshly minted token, named MICKEY, emerged as a celebration of Mickey Mouse’s newfound public domain status.
The creators behind the “Mickey Token” envision it as more than a cryptocurrency. It’s a representation of an enduring cultural icon and a nod to the evolution of digital culture.
According to their website, the launch of the Mickey token signifies not just the character’s entry into the public domain but also heralds the start of an exciting new chapter.
Inspired by the original 1928 Mickey Mouse from the iconic “Steamboat Willie” cartoon, the MICKEY token operates within the Ethereum blockchain ecosystem.
In its early stages, the MICKEY token boasts a modest market cap of $6,500, reflecting its nascent status in the crypto sphere.
Meme coins like MICKEY draw inspiration from internet humor, memes, or significant cultural figures. However, they are notorious for their inherent volatility, leading to rapid price fluctuations.
Under U.S. copyright laws, character rights generally retain protection for 95 years. “Steamboat Willie,” directed by Walt Disney and Ub Iwerks, marked Mickey Mouse’s debut in 1928.
While the 1928 version has entered the public domain, Disney emphasizes its ongoing rights to modern iterations of Mickey Mouse and other copyrighted works.
The public domain status of “Steamboat Willie” now offers artists and creators the liberty to integrate the early version of Mickey Mouse into their creations without seeking explicit permissions. It’s essential to note that subsequent adaptations of the character still fall under copyright protection.
In parallel news, the Solana network has witnessed an extraordinary surge in new tokens, setting unprecedented records. Over the past fortnight, a staggering 72,202 new tokens have been minted on Solana, leveraging the SPL token standard.
This astounding figure significantly surpasses token creation records from previous periods, highlighting the burgeoning activity on the Solana network.
The daily token creation statistics on Solana now consistently surpass previous highs since its launch in 2020, signaling substantial growth within the ecosystem.
Despite this exponential rise in token creation, it’s crucial to acknowledge that the surge isn’t solely driven by organic network growth.
Recently, the Avalanche Foundation announced plans to allocate its $100 million NFT incubator fund toward the acquisition of meme coins. This initiative is part of the foundation’s “Culture Catalyst” project, initially established to support promising NFT ventures on the Avalanche Network in March 2022.
