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Londons House of Fine Art (HOFA) gallery is one of the pioneers of the crypto art scene, being one of the first venues to showcase NFT artworks in a physical space back in 2021.

Back then, it took a somewhat conservative approach, focusing on prints of CryptoPunks alongside physical sculptures and NFT-adjacent work.

This time around, its "Beyond the Screen" exhibition is dialing up the digital element, with vibrant screens displaying eye-popping animated work by the likes of XCOPY, OSF and DeeKay. But the word NFT is nowhere to be seen.

NFTs are just a medium, said NFT artist and collector Ovie Faruq, aka OSF, who showed Decrypt around the space. It's just like, do I have my painting on an oil canvas, or do I have a photograph? Or do I have a screen displaying some digital art? It's just a canvas; it's just a mechanism to transact, he added.

Ultimately, he argued, people will start buying NFTs without knowing they're NFTs. And that's the sort of thing that will get us over this, like, stigma that's attached to it.

We haven't used the word NFT at all for this event, OSF added. The focus is meant to be, this is digital art; we want to display it in a way where people can resonate with it. That means shifting the focus away from prices and speculation and onto championing artists, he added.

Its somewhat ironic, then, that OSFs own contribution to the exhibition, Super Fan, inadvertently predicted the current PEPE-led memecoin market frenzy. The digital artwork, which OSF drew two or three months ago, features a kind of loner character whos obsessed with Pepe the Frog, and surrounded by market charts showing green and red candles.

It probably resembles a lot of people within crypto culture, OSF said. Maybe, like, the COVID era as well. Its meant to be a little bit satirical.

Also featured in the exhibition is XCOPYs MESCO TETROwhich none of the Americans got the reference of but obviously all of us do, said OSF, while conceding that, I still don't really know if its maybe based on Tesco plastic bags. The work was one of the last XCOPY minted on the SuperRare shared contract, he added. In the old days they had one shared contract, so all the artists would mint on this contract. After SuperRare allowed artists to mint on their own sovereign contracts, XCOPY announced that hed mint four final pieces on the SuperRare shared contract. He sold one of them, he gave one of them awayso someone made like 300,000 on the giveawayand this is one of the ones that was unsold, said OSF.

Other artists whose works appear in the exhibition include animator DeeKay and photographer Cath Simard. She does these crazy expeditions and hikes, super dangerous stuff, and she captures his moments and uses composites to create a final image, said OSF.

What the exhibition is aiming to showcase, said OSF, is that within the NFT art space, there are people with genuine intentions trying to achieve noble things. It gets dragged down by this association with crypto bro culture; thats not what any of these artists here are about.

"Beyond the Screen" runs at House of Fine Art until May 26.

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NFT Artist and Collector OSF: 'NFTs Are Just a Medium' - Decrypt

Cryptocurrency investors often weigh and rely on consistent influencer information, and BitBoy Crypto makes the list of trusted analysts. With a large and dedicated following, shares his expertise and regularly provides insights into emerging trends and investment strategies. He often guides on which cryptocurrencies are worth investing in, and he believes Shiba Inu, Pepe, and Avorak AI are prudent long-term investments for 2023.

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Shiba Inu, a meme-inspired cryptocurrency, was created in 2020 as a Dogecoin killer. It has grown and fluctuated with the broader cryptocurrency market. BitBoy Crypto believes that Shiba Inu has strong potential for long-term growth and that it could continue to be a lucrative investment if it can continue developing more use cases. BitBoy notes the upcoming Shibarium blockchain as one of the drivers of SHIB demand and likely price increase. Avorak AI provides SHIB investors with a shiba inu coin price prediction solution through Avorak Trade. Its completion of the Shibarium blockchain will introduce impressive speeds and reduced gas fees for SHIB holders and could be an appealing new development for more investors.

Pepe coin (PEPE) is a recently launched meme-inspired cryptocurrency that created a buzz in the crypto world. It surprised investors by gaining a high market value within 24 hours of its launch. PEPE is an ERC-20 token and a member of the ecosystem of Pepe the Frog cryptocurrencies and NFTs. The Pepe Frog internet meme is popular among various groups, and the emergence of Pepe coin enables investors to trade Pepe collectibles on the Ethereum blockchain. With the addition of PEPE, there is now an increasing number of meme coins available in the market. Avorak Trade signals predicted its entry into the top 100 cryptocurrencies status.

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Influencer BitBoy Crypto is likely to hold Shiba Inu, Pepe, and Avorak AI for 2023 - CoinChapter

Prices of main crypto assets dipped further this week, with Bitcoin and Ethereum close to two-month lows. In the meme coin space, Pepe the frog had a tough week as Milady Meme Coin took the center stage after Elon Musk tweeted about it.

Meanwhile, big investments in Artificial Intelligence unveiled this week by big US corporate giants could fuel AI-related tokens, and Cardano got some support from the launch of its Layer 2 scaling solution Hydra.

Also read: Ethereum scaling solution Optimism price gears for recovery with this bullish catalyst from Worldcoin

Milady Meme Coin (LADYS), Pepe coin (PEPE) prices have declined as the meme season narrative loses its popularity among crypto traders. LADYS price nosedived 62% after hitting an all-time high of $0.00000017 on May 11 and PEPE lost 70% of its value from record high of $0.00000431 on May 5.

Experts at Santiment discussed in a recent report on meme coins how these tokens derive their value from speculation and catalysts like social dominance. As other narratives like Artificial Intelligence (AI) and Ethereum layer 2 gain prominence, the hype surrounding the two meme coins is likely to drop lower.

Read more here.

Find out more about PEPEs competitor Milady Meme Coin here.

As the spotlight shifts from meme coins, Artificial Intelligence (AI) tokens have made a comeback, starting their price recovery.

Several tech giants like Meta, IBM and Humane announced updates or released new AI products earlier this week, fueling the AI narrative. Render (RNDR), SingularityNET (AGIX) and Fetch.ai (FET) started their recovery from the pullback that followed the second-week of April 2023.

Top 5 AI tokens by market capitalization

As seen in the chart above, the top 5 AI tokens started their recovery after the recent round of announcements. Find out more about the tech giants updates here.

Among cryptocurrencies with a large market capitalizations, Cardano started its recovery with scaling solution Hydras mainnet release.

Hydra, Cardanos layer 2 scaling solution aims to increase speed, scalability and reduce transaction costs for ADA users. The launch of the scalability solution on Cardanos mainnet acted as a bullish catalyst, driving ADA price higher.

Ethereum-alternative Cardano started its recovery with 3% gains since Thursday. Hydras release on mainnet therefore fueled a bullish thesis for ADA.

Find out more about the Hydra release here.

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Weekly roundup: LADYS and PEPE prices drop, AI tokens recover, Hydra mainnet release drives Cardano higher - FXStreet

Coinbase chief legal officer Paul Grewal has issued an apology after the crypto exchange sent out an email labeling the Pepe the Frog meme as a hate symbol a move that prompted many users to call for a boycott.

In a May 11 tweet, Grewal said Coinbase had screwed up in sharing information about the Pepe meme, which included that it had been co-opted by many alt-right groups as a hate symbol. According to the Coinbase CLO, the exchange was attempting to provide a fact-based picture of a trending topic to its users.

The price of the memecoin Pepe (PEPE) has significantly surged in the last 30 days, rising to an all-time high of roughly $0.000004 on May 4. Exchanges including Binance, OKX, MEXC Global, Bitget, Gate.io, Gemini and Huobilisted Pepe trading pairs amid the online frenzy. Many users responding to Grewals apology also called on Coinbase to start listing the token.

Coinbases May 10 email prompted many Crypto Twitter users to call for a boycott of the exchange, claiming that Pepe was not a hate symbol to members of the space. The hashtag #deletecoinbase was trending on Twitter after pseudonymous user borovik.eth posted the Coinbase email.

Related: Coinbase execs visit UAE to test potential of strategic hub for international operations

I never felt the need to delete my Coinbase account based off some misinformed copy pasta newsletter intern, said Twitter user 6101.eth. I truly appreciate all CB is doing for crypto advocacy in the U.S. [I] for one am hoping to see an apology email with the correct info sent out at the very least.

At the time of publication, the PEPE price was roughly $0.0000013, having fallen by more than 27% in the last 24 hours.

Magazine: Crypto Pepes: What does the frog meme?

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'We screwed up' Coinbase CLO responds to outrage after exchange associated Pepe with hate groups - Cointelegraph

In early April, the Twitter account @pepecoineth posted a photo of a cartoonish green frog wearing a red cap emblazoned with Make Memecoins Great Again, referring to Donald Trumps presidential slogan.

Two weeks later, the Pepe coin, whose name comes from a popular meme co-opted by the American alt-right, was released with a total supply of 420.69 trillion coins. (The meaning of these numbers is, ahem, self-evident.) A trading frenzy ensued, and Pepe, which is fueled by pure memetic power and trades under the ticker $PEPE, skyrocketed in value.

In less than three weeks, the market capitalization for the memecoina cryptocurrency thats typically a joke and tool for speculationcrossed $1.6 billion, according to CoinMarketCap. (It is currently hovering near $800 million.) Each coin is worth between two- to three-millionths of a dollar. Since CoinGecko began tracking it on April 18, one day after its debut, the Pepe token has increased more than 900% in priceits now listed on major exchanges like Crypto.com and Binance.

View the Market Capitalization For $pepe In 2023 chart

Pump the frog, an exhortation to increase the token's price, became a common refrain on Twitter, and the cryptocurrencys Telegram group is a chaotic mishmash of memes and price talk. How did something so unabashedly worthless become so valuable?

If theres one meme that encapsulates the confusing twists and turns of internet culture, its a green frog with a preternaturally expressive face.

In 2005, illustrator Matt Furie released a web comic titled Boys Club that featured a frog named Pepe. The character made frequent appearances in Furies work. At one point, in response to a question about his bathroom habits, the character responds, Feels good, man.

Soon, Pepe became a popular meme, and the internet used the frogs expressive face in almost every conceivable circumstance, including hate speech. In 2016, the Anti-Defamation League designated the meme as a hate symbol. The organization cited various online examples, including an image of Pepe saying feels good while wearing a Nazi stormtrooper helmet.

Furie, incensed by the co-option of his comic-book frog, launched a campaign with the Anti-Defamation League to rescue Pepe from the American alt-right. Since then, the meme has lived in comparative ambiguity. Its association with hate speech still continues, but it became a symbol, for example, of the 2019 pro-democracy protests in Hong Kong.

The Pepe token is the latest chapter in the memes almost two-decades-long history. But it's certainly not the first memecoin.

Dogecoin, created in late 2013 by developers Billy Markus and Jackson Palmer, was arguably the first memecoin to land on the market. They said they made it as a joke, with its name a reference the popular doge meme, or an image of a Shiba Inu, a particular breed of dog. As opposed to Bitcoin, a replacement for currency, or Ethereum, a decentralized computing platform, Dogecoin unapologetically had no purpose.

That didnt stop the token from taking off in popularity, and even Elon Musk, the CEO of Twitter and Telsa, has repeatedly jumped on the doge bandwagon. Now, the cryptocurrency has a market capitalization of more than $10 billion, according to CoinMarketCap.

Since then, a flood of memecoins have saturated the market, including Shiba Inu, another dog-inspired token, and even recent additions like Good Gensler, a token that pokes fun at Gary Gensler, the chair of the Securities and Exchange Commission whos set his crosshairs on the crypto industry writ large.

Many of the most popular memecoins, like Dogecoin and Shiba Inu, are canine-inspired. "The dogs have had their day," wrote the developers behind the Pepe token, "its time for Pepe to take reign."

The world of crypto is a pseudonymous slurry of nicknames, numbers, and memes. And the developers of Pepecoin are similarly unknown.

They operate the @pepecoineth Twitter account, and their website has no contact information. The only clues to their activities are two press releases from mid-April: one launched from Guadelejara, Mexico, that advertises the success of the Pepe token, and another launched from London that announces the creation of another memecoin, DanGPT, the daring twin of ChatGPT. The name David Costla accompanies both releases.

In addition to messaging account handles associated with the Pepe token across different social media platforms, Fortune reached out to both email addresses listed on the press releases but has yet to receive a response.

In the meantime, memecoin trading has seen a dramatic uptick, according to data compiled by Dune analyst James Tolan. Pepe fervor is partly fueling the crazemany are still looking to "pump the frog"although after crossing $1.6 billion, the token crashed to a market cap that's now closer to $800 million, according to CoinMarketCap. Pepe has traveled the internet for decades. Where he goes next is anyone's guess.

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How the Pepe coin, fueled by pure memetic power, soared past a $1.6 billion market cap in 3 weeksand then tumbled - Fortune