The Value Accrual of Onchain Public Domain Memes

Introduction The transition of intellectual property into the public domain offers a unique opportunity to reimagine cultural icons in a decentralized, permissionless context. Popeye, who officially entered the public domain on January 1, 2025, represents a perfect example of a character with nearly a century of lore and cultural resonance. The launch of $SPINACH as a meme coin tied to Popeye’s legacy exemplifies how public domain memes, powered by onchain ecosystems, can thrive and inspire c...

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