A New Meme Coin Inspired by Mickey Mouse Enters Crypto Market
A new meme coin inspired by the popular Mickey Mouse cartoon and named Mickey (MICKEY) has entered the crypto market. The launch of the altcoin comes after the first-ever cartoon of Mickey Mouse, Steamboat Willie, entered the public domain on Jan.1. The cartoon aged out of U.S. copyright protection, and MICKEY was minted on the Ethereum blockchain.
The First Public Appearance of Mickey Mouse
Under U.S. copyright laws, character rights are protected for 95 years. Steamboat Willie was released in 1928 and was directed by Walt Disney and Ub Iwerks. Despite the 1928 version now being in the public domain, Disney says it will continue to safeguard their rights over the modern iterations of the cartoon character as well as other works linked to Disney that are still covered by copyright will also be safeguarded.
MICKEY Is Not Owned By Any Entity Or Individual
The MICKEY token has a circulating supply of 192,800,000,000 and the project’s website claims that there is no tax, no premine, no presale and no team allocation associated with the project. Liquidity for the project has also been locked, according to the team, while the token’s smart contract has been renounced. The market cap for MICKEY is still low at just $6,500 and the altcoin’s price may stand the risk of dropping as quickly as it climbs.
Hot Take: A Look at the Future of MICKEY
The future of MICKEY remains uncertain as it enters the crypto market following the expiration of copyright protection for the first Mickey Mouse cartoon. Its low market cap and high volatility pose risks for potential investors and there is an ongoing debate about the ownership rights of the coin. Only time will tell if MICKEY will gain popularity and if it has a place in the competitive crypto market.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.