Do you also wake up to a fever dream where every other TikTok offers you 10,000 doubloons, or are you normal?
Overnight, a trend that blurs the line between cryptocurrency exchange and role-playing has taken over the social media platform, as these doubloons, while legitimate, do not involve the exchange of actual funds (but take that with a grain of salt). ) form of crypto.
Instead, TikTokers donate, steal, and exchange funds for so-called fake goods, making FYP feel like a real-life game. Skyrim or Dungeons and Dragons. Basically, it’s a new virtual economy run by cats, have we talked about it yet?—is meme
According to their bio, user @britedragon, whose name is Alexis, broke the game’s complex structure, so to speak. When the fictional currency took off this month, the world was built around 4 Dabloons Cat, a meme posted on Instagram last year referring to the cat’s four “finger beans.”
According to Alexis, over the past year, people have been collecting doubloons organically every time they take pictures. For example, if you saw it four times, you had 16 doubloons.
In the past few weeks, users have started uploading it to TikTok in storyboard format, calling FYP spinners weary travelers and offering them hamburgers or warm stew instead of four doubloons. It snowballed from there, with users launching doubloon-only stores and others offering some daubloons for those who still couldn’t grow their doubloon accounts, and even a few Nigerian Prince scams for good measure. One user even edited a newsletter, offering updates on the highs and lows of the doubloon economy — which, by the way, is also subject to inflation — while others shared budgeting tips and tricks (from a simple note app). don’t forget to set aside enough for a full-fledged Excel spreadsheet—tax season!).
Many users are happy with the camaraderie that the new game has brought among TikTokers, but it is true that many are still confused.
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“I saw total government and revolution,” one user commented.
“Don’t forget the doubloons!! I’ve been robbed twice now 😭 I need insurance,” lamented another.
But for those who didn’t get it, Alexis confirmed, “It’s all a fictional economy that works on the honor system.”
So if you want to participate in the new physical world, there is less pressure associated with it, but once again, there is no pressure if you don’t. It’s so fun to watch it unfold before your eyes!