Home News An NFT of the photo that inspired Dogecoin just sold for $4M

An NFT of the photo that inspired Dogecoin just sold for $4M


Most of us watch memes. Viewing an unlimited amount of this kind of Internet art will cost any user a monthly fee for traffic. However, not everyone satisfied with the practically free pictures. The popular Dogecoin token featuring a Shiba Inu dog has been listed as an NFT commodity on the Zora platform. User @pleasrdao bought it for 1,696.9 ETH (about $ 4 million).

The sale of the famous Shiba Inu look with a surprised expression was first reported on NBC News. For the first time, the meme appeared at an auction on Tuesday. The buyer bought it four days later. The meme was sold by Atsuko Sato, the owner of the dog in the meme. The dog in the photo called Kabosu. In 2013, a photo with Kabosu became the basis of the Doge meme, which blew up the Internet and became the meme of the year 2013. And in the same year, inspired by this meme, a man named Billy Marcus created Dogecoin based on Litecoin. In 2021, thanks to Elon Musk, now Dogecoin became an Internet phenomenon. Thus, its value has skyrocketed. So, Dogecoin hit its record in May, reaching $ 0.739 per coin.

NFT record-breaking meme

The famous “Doge” meme has broken the record for the most expensive non-fungible token (NFT).

“We are delighted to be part of this milestone in the history of the Internet. If any meme deserves to be the new NFT record-breaking meme, it’s Doge”, said Don Caldwell, editor-in-chief of the Know Your Meme database. He also called Doge “one of the most iconic memes in history”. Also heHe and recalled that in 2019 it won the Know Your Meme “Meme of the Decade” award.

A portion of the proceeds from the sale of this lot will be donated to several charities, including the Japan Red Cross Society and the United Nations World Food Program.

Non-fungible tokens

Here it is necessary to clarify that we are talking about the so-called non-fungible tokens (NFT), the demand for which has grown very much over the past year. For example, in February 2021, the total trading volume of NFT tokens exceeded the same indicator for the entire 2020.

Non-fungible tokens, or NFTs, are a type of cryptographic token, each instance of which is unique and cannot be substituted with a similar token. At the same time, the NFT token is a kind of certificate of the uniqueness of a digital object.

NFT penetrates ever more firmly into art. For example, Kings of Leon intends to release their next album, “When You See Yourself”, as NFT, according to Rolling Stone.

Dogecoin co-founder sells meme cryptocurrency NFT collection

Previously, Dogecoin meme co-founder Billy Markus sold non-fungible tokens (NFT) with the digital asset logo.

The NFT was represented by an animation of a spinning coin with a Dogecoin image and the letter “D”.

Markus positions the collection as a limited edition version of the meme cryptocurrency.

A user under the nickname swaggmire bought a single NFT for 1.5 ETH (about $ 3468 at the exchange rate at the time of purchase).

Recall that in June 2021, Ethereum co-founder Vitalik Buterin announced that in 2016 he invested $ 25,000 in the meme cryptocurrency and earned more than $ 4 million on it.

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