Red Hong Yi announces the launch of her latest Memebank NFT series

Red Hong Yi's Memebank NFTs are inspired by world currencies and the contemporary meme culture in the digital world. Photo: Studio Red Hong Yi

The much-anticipated NFT Memebank Banknotes series by Sabah-born contemporary artist Red Hong Yi has officially launched and is open for bidding now on OpenSea. This new series features a total of five exclusive artworks.

"This project was created to merge the physical and digital worlds, and to critique our current financial systems. Each artwork will be sold in the form of NFTs, but unlike most NFT projects, Memebank NFTs come along with physical artworks. There are only six unique artworks created under this project with each sold in the edition of one. As this project was inspired by the concept of NFTs showing proof of ownership, successful bidders for the Memebank NFT will own a physical copper plate and 1/1 canvas print of the artwork," said Red Hong Yi.