Dubai based Music company buys NFT of 'Chloe' meme

Saturday, 25 September 2021 17:09

By Surina Kelly

It’s one of the most popular internet memes and it's sold as a non-fungible token (NFT) for about $74,000, or more than AED 271,000.

The “Side Eyeing Chloe” meme was taken from the original video, posted by Chloe’s mother, Katie, on YouTube in 2013.

The joke was how two-year-old Chloe Clem gave a very unimpressed look after her mother’s surprise reveal that they were going to Disneyland.

The video has been watched more than 20 million times.

NFTs are digital tokens that demonstrate ownership of electronic art, and the Clem family auctioned their NFT for 25 Ethereum - a form of cryptocurrency.

According to reports, it was bought by 3F Music, a Dubai-based music production company.

Twitter founder Jack Dorsey sold an NFT of his first-ever tweet for more than $2.9 million.

More from Business

World Bank approves $700 million for Pakistan's economic stability

The World Bank said it has approved $700 million in financing for Pakistan under a multi-year initiative aimed at supporting the country's macroeconomic stability and service delivery.
China's ByteDance signs deal to form joint venture to operate TikTok US app

TikTok's Chinese owner, ByteDance, has said it has signed agreements with three major investors to form a joint venture to operate TikTok's US app led by American and global investors on Thursday.
India reviewing allegations of antitrust breaches by IndiGo

India's competition regulator said on Thursday it was reviewing allegations of antitrust violations by budget airline IndiGo following recent flight disruptions that hit air travel nationwide.
DXB and DWC boost winter schedules with new routes

Dubai Airports has entered the winter travel season with one of its strongest networks in history, as Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC) welcome new airlines and expanded connectivity to meet rising seasonal travel demand.