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The original Doge is switching to Ethereum and is being sold for a seven-figure amount.
Bidding war for Doge NFT
A Doge NFT just sold for $ 4,074,765.97.
The token featured the original viral image of Kabosu, a Shiba Inu dog who rose to become an internet star in 2010. A photo of the dog famously went into a viral meme known as the “Doge,” which eventually inspired the Dogecoin cryptocurrency that made the headlines and Elon. dominated Musk’s Twitter feed that year.
The owner of Kabosu, who uploaded the popular photo to her blog more than a decade ago, was responsible for tokenizing the image. Many other meme makers have had similar success stories in the past few months with converting their internet famous images to NFTs.
That’s because NFTs, also known as non-fungible tokens, give creators the ability to assign ownership of an asset, be it memes, digital art, music, or just about anything else. They allow creators to sell their work directly to fans in exchange for cryptocurrencies (since most NFTs live on Ethereum, they are generally paid with ETH).
The Doge NFT was sold on Zora with the slogan “the original picture that started it all”. In the closing minutes of the auction, bids rose when PleasrDAO, a group formed to acquire Uniswap V3 NFT from pplpleasr, placed a bid from. submitted 690.42042042042042042 ETH. Another user named twodollahotdoge followed with a higher bid before PleasrDAO replied, resulting in a bidding war.
The auction was extended several times until PleasrDAO won with a final bid of 1,696.9 ETH. At today’s prices, that comes up $ 4,074,765.97. The hype surrounding NFTs has collapsed somewhat in the last few weeks with the rest of the market, with weekly sale in the past month at this time. Nonetheless, the most desirable pieces clearly still have stunning price tags; Just yesterday, an alien punk from the iconic CryptoPunks series was sold at Sotheby’s for a record-breaking US $ 11.75 million.
After the Doge sale, PleasrDAO took to Twitter to post a video celebrating the auction win. “Stay tuned,” read a message in the clip.
Disclosure: At the time of writing, the author of this role owned ETH, ETH2X-FLI, and several other cryptocurrencies.
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