Nyan Cat creator calls meme coins ‘wild west’, claims 700,000 USD in fees—but denies endorsement

Chris Torres has received approximately 706,000 USD in royalties from meme coins launched on the Bags platform, despite viewing the market as a ‘wild west.’ He rejects endorsing any particular tokens or creating his own.

Despite the profitability of cryptocurrency, Torres emphasizes fulfillment from his art career over dealing with market volatility, stating that while meme coins can be artistic, NFTs are a closer match to traditional art.

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