Rhett Mankind, a Melbourne-based digital artist, was no stranger to the NFT world. When his artwork was featured in Sotheby’s “Natively Digital” sale, it was sold off for €1,270. He had also been doing regular Twitter sessions, remaking his followers’ profile pictures in styles of popular NFT artists he had trained himself on. His hard work had begun to pay off, but with the recent downturn of the NFT market, Mankind had to take a step back and think of ways he could create something unique that would draw attention.
That is when he decided to team up with ChatGPT, an A.I. assistant, and ask for their help in creating a “successful memecoin” on a budget of $69. He had seen how memecoins were grabbing attention, and in an attempt of a joke, asked ChatGPT to help him create his own. This idea transformed into a idea, that resulted in what is known as TurboToad, and it has captured the attention of people in the cryptomarket, some of which are willing to invest millions into it.
Mankind followed all of the steps ChatGPT gave him, which included generating a coin name, writing and posting the white paper, coding the project, and launching the tokens. People had started taking interest in the project, and donations started to pour in. In four days, the project was fully underway and over 16,000 people had bought into the memecoin that was being called “Quantum Leap”.
Mankind’s hard work and dedication, and people’s inspirited by the idea of supporting the artist and his experiment all came together to fuel the interest in $TURBO and it quickly grew to a market cap of $200 million, swinging between $40 million and $250 million in just a few days. Many people have been trading hundreds of thousands of the tokens back and forth, causing a hyper-volatile market.
Despite this, Mankind still warns people to be careful before investing and to do their research before jumping on the hype. He knows that there is nothing more than an idea behind the tokens, and they have no intrinsic value or roadmap. It was created as a creative experiment and it speaks to his success that many people trusted him enough to invest and take a risk in it.
Artnet News is the source of the article, and it is a technology and art news website that provides the latest trends, news, and stories related to technology and art. It is one of the most prominent art outlets, connecting artists, galleries, collectors and creatives from around the world.
