The Hamily WAGMI
The Hamily WAGMI, by Cheyu Wu showcases a representation of the growing meme culture within the NFT community. “WAGMI” stands for We’re All Gonna Make It. In the crypto community its used as a motivation to be successful. This piece captures the fun and rebellious essence of meme driven narratives, it signifies a crucial chapter in the financial ups and downs that define the cryptocurrency realm. The Hamily WAGMI its community referred to as “6529” and “The Hamily.” This group has a following, with more than 3000 members on Twitter (X) showcasing an active and passionate audience.
The NFT blends robotic elements to form characters known as “hams.” These lively “hams” are arranged in a 8 x 10 grid each occupying a cell and around the edges of the art there are moving phrases “The Hamily” and “WAGMI”. When untouched, the hams display a shaking motion. At times this shaking escalates as a wave of movement travels through the grid. Additionally the characters from time to time showcase the letters “WAGMI” including when viewers hover with the mouse. Also, using keys, the user is able to download an image or access The Hamilys website.
“Sea Hams” also known as “sail-o-bots” or “hams” in the NFT community, are a collection of NFTs introduced on the Art Blocks platform recognized for their playful design. Some shocking news for the community came in the revelation that the code used to create the “Sea Hams” was borrowed from Cheyu Wu's work without credit. Following this news both the community and the platform took measures to address this issue. The decision was made to give Wu all past and future royalties for utilizing his code. The news brought attention to the issues surrounding copyright the art community, and it also showcased how the community rallied together to aid impacted artists and promote ethical standards.
The Hamily WAGMI was initially priced at 0.393 Ethereum which is $1496 at current time, the NFT’s value has since dropped to ~0.036 Ethereum. This shows how tense it is to invest in non-fungible tokens. The price movement of Ethereum itself has experienced ups and downs, influenced by economic conditions.
It is essential to understand that The Hamily WAGMI framework showcases not only the innovative possibilities of NFTs in creating new art forms and creating engaging communities, but also financial risks associated with such digital assets.
This statement from the 6529 community highlights the desire to ensure that digital art is easily available and to promote a feeling of togetherness and pleasure mirroring the overarching objectives of the NFT trend and its influence on art, technology and finance.
Sources:
“Punk6529.” X (Formerly Twitter). https://x.com/punk6529.
“SailOBots.” X (Formerly Twitter). https://twitter.com/sailobots?lang=en.
“Why Hams? – floors.cafe.” https://hamily.life/whyhams/.
“THE HAMILY.” https://hamily.life/about.
Link To The “The Hamily WAGMI” NFT
“CHEYUWU 吳哲宇 | Generative Algorithmatic Artist 生成式演算藝術家.” https://cheyuwu.com/nft.
“CHEYUWU 吳哲宇 | Generative Algorithmatic Artist 生成式演算藝術家.”https://cheyuwu.com/about.
Er. 2023. “COLLECTIONS - 6529.io.” 6529.Io. March 31, 2023. https://6529.io/collections/.