This NFT Meme Doge Is Worth More Than RM1.6 Billion, You Can Have It Too! - Kakiforex.com - Financial Market Media No. 1 in the World This NFT Meme Doge Is Worth More Than RM1.6 Billion, You Can Have It Too! This NFT Meme Doge Is Worth More Than RM1.6 Billion, You Can Have It Too!
InstaForex

September 4, 2021

This NFT Meme Doge Is Worth More Than RM1.6 Billion, You Can Have It Too!

 The original Doge meme is now one of the most expensive non-fungible tokens (NFT) to date after its owner ‘broke’ it into 16,969,696,969 token pieces on the Fractional.art platform.


Fractional.art is a special NFT trading platform that has been solved or more accurately referred to as fractionalized.


The NFT fraction is now being auctioned as a DOG token on the latest SushiSwap, MISO and Fractional.art protocols starting yesterday local time.


This means, everyone is able to own the NFT through the ownership of a DOG token. At the time of writing, one unit of DOG is trading at $ 0.024.


The owner, PleasrDao still remains the original owner as they own the majority of the ownership of the NFT.



The auction involved only 20% of the supply, which is 3.4 billion DOGs out of the total, 16.9 billion.


Meanwhile, an excess of 25% of DOG tokens is allocated to DOG community programs and future developments.


Based on the current value of DOG, the NFT has reached a value as high as $ 407.3 million (RM1.6 billion). Previously in June 2021, it sold for only $ 4 million.


For the record, the original owner of the photo was known as Atsuko Sato and his dog was named Kabosu, a breed of Shiba Inu.


Last month, another Kabosu NFT titled ‘Feisty Doge NFT’ saw its value jump to $ 110 million after being ‘broken’, becoming one of the world’s most expensive NFT works.