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- The new platform will create copies of the same NFT
- NFT sold in three stages; two already sold out.
- Dogecoin trading at $0.34, representing a 13,600 percent rise as compared to last year
Dogecoin co-creator Billy Marcus unveiled a line of Doge-inspired NFT’s. The meme-based digital currency, created as a joke, is still around and does not need Elon Musk’s tweets and Coinbase’s listings. The meme-based Dogecoin has its version of NFTs, of which 420 are currently available for purchase.
NFT will be sold in three stages
IBM software engineer Billy Markus and Adobe software engineer Jackson Palmer together created Dogecoin in 2013. Billy Markus took to Twitter to announce that he wanted to do something different. Markus is creating a new platform that helps the user create many copies of the same NFT. It will be accomplished using Raible, a popular NFT marketplace. The NFT will be clones of the same moving image of a rotating coin bearing the Dogecoin logo, a Japanese dog meme. Markus plans to sell it in three stages, of which two have already been sold out.
The NFT’s have been sold on Raible. 181 DOGE NFTs were sold in the first tier for 0.08 Ethereum apiece or approximately $205 at today’s ETH rates. Three NFTs sold for 0.8 Ethereum ($2,051) in the second tier. Only one NFT on Foundation sold for 1.5 Ethereum ($3,800 right now)
Non Fungible Tokens or NFT are digital tokens that can represent anything online. It could be an artwork, audio, or a video of varying durations. They are very common in the Ethereum network.
Dogecoin the sixth most valuable digital coin in the world
Dogecoin began as a joke, but it is today ranked as the sixth most valuable digital coin globally. It has a market capitalization of $47.3 billion. Dogecoin’s values surged after it found support from Tesla CEO Elon Musk. A series of tweets on Twitter proclaiming that Dogecoin is his favorite crypto coin helped the meme-based digital coin gain value.
However, Elon Musk made a U-Turn and termed Dogecoin a hustle. It led to a steep fall in Dogecoin values. Today Dogecoin was trading at $0.34, representing a 13,600 percent rise in price over the previous year.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
