BTSE is excited to be one of the leading exchanges to bring The Doge NFT (DOG) token onto its platform, giving users a chance to own one of the hottest meme NFTs on the market. After the creation of Dogecoin, from the popular “Doge” meme in 2010, the original photo has been made into a non-fungible token (NFT) that has become the most expensive meme NFT ever to be sold. Instead of spending $4 million to own the NFT, you can now spend as little as $1 to claim ownership of a piece of it, which is The Doge NFT (DOG).
What is The Doge NFT (DOG)
The popular Dogecoin and The Doge NFT both originated from a dog named Kabosu, whose image later became the phenomenal Doge meme. The original photo of the Doge meme was minted to an NFT by Kabosu’s owner, Atsuko Sato, and sold to PleasrDAO, a collective of DeFi leaders, early NFT collectors, and digital artists. The Doge NFT has now been fractionalized into ERC-20 tokens (DOG) and is available for anyone to be one of the rightful owners of it.
The price of DOG surged by as much as 100% in 24 hours to reach $0.0227 (at 3:24 a.m. UTC) on Oct 29, 2021, indicating a market cap of more than $87 million, according to CoinGecko. Its circulating supply is around 4.37 billion tokens out of a maximum supply of 16.9 billion tokens.
DOG is only available for trading on a limited number of platforms to date, including BTSE and SushiSwap.
Fractionalized NFTs are not yet common in the market. However, as the Doge meme continues to create impacts and values to the internet culture, it will be interesting to observe how DOG’s value will be in the future and what it will mean for collectors/token holders to own a DOG. This can eventually be one of the indicators of the public’s interest in having fractionalized ownership of a piece of art.
Note: There are plenty of stories of people becoming millionaires overnight by investing in meme coins. But remember to always DYOR (do your own research) before investing in any cryptocurrencies and never invest more than you can lose.
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