On April 7, Ghana’s Dancing Pallbearers minted and auctioned their viral video meme on an NFT Platform, leading to its historic sale for over $1 Million.
The group is now worth over a million dollars, having sold their 10-second meme in one of the historic Non-Fungible Token (NFT) auctions.
The highest bidder, 3F Music, came tops in the bidding round, which saw the Coffin Dance meme sold for $1,046,079.54 (327.00ETH) on Saturday, April 9.
The meme was one of the phenomena that marked 2020 following the wide spread of Covid-19 pandemic. The pallbearers from Ghana won the hearts of the world with their stylish movement while conveying caskets of bodies to their final destinations during final funeral rites during that period.
Videos went viral depicting the team demonstrating their casket-carrying skills by orchestrating a choreographed routine, lifting it and lowering it, and even sitting on the floor if need be.
It developed into a meme over time where after portions of a BBC feature are added to responses to posts on social media to express impending devastation.
The now TikTok famous dancing pallbearers from Ghana ⚰️ pic.twitter.com/cKDCxDig7s
— BBC News Africa (@BBCAfrica) April 16, 2020
Over the past year, NFTs have grown exponentially as art and investors fall over each other to get a bite of the latest blockchain craze, with art collections worth millions being sold around the world.
The amount places the meme among some of the most valuable NFTs to have crossed the million-dollar mark worldwide.
However, pallbearers have pledged to donate 25% of the proceeds from the auction to Ukrainian charities to help ameliorate the hardship brought about by the ongoing war with Russia.
Taking to social media after the sale, the leader of the Pallbearers, Benjamin Aidoo, congratulated the Dubai-based music production company on winning the bid.
Congratulations to the official owner of Coffin Dance world fame @3fmusic
We would like to say thank you to everyone who supported our NFT, especially guys from the @Bads_Zlodei: Dmitry Makarov, Eugene Lapitsky, Mykhailo Vatazhok #NFT #Coffindance #MemeEconomy pic.twitter.com/uPmOC9IkYl
— Benjamin Aidoo (@nanaotafrija) April 9, 2022
This groundbreaking procurement means the 3F Music becomes the official owners of the Coffin Dance meme.
3F Music has gained a reputation for purchasing meme-inspired NFTs. For example, according to reports, it recently acquired NFT versions of memes based on Disaster Girl, The Overly Attached Girlfriend, and the two Creepy Chans, all of which amounted to $993,000 in ETH.
Source: Kenneth Awotwe Darko