NFT of Image that influenced DOGE crypto was Auctioned for $4mln
In 2021, Dogecoin has received a lot of attention due to its spectacular price surge. A crypto enthusiast took advantage of the increased interest by selling a non-fungible token (NFT) of the image that the Dogecoin (DOGE) cryptocurrency was founded on.
The NFT, which was auctioned on very.auction, was described as “the initial picture that launched it all.” “This shot of the Shiba Inu ‘Kabosu’ was shot on February 13th, 2010 by her owner Atsuko Sato,” the description says, adding:
“After posting it to her own blog among a sequence of other famous photographs titled ‘Taking a stroll with Kabosu-chan,’ these photographs went on to spark the Doge meme and have spread the internet since then – none more memorable than this image.”
Per the auction site, the NFT was created by a user named @kabosumama on May 31. The initial offer for the item came in on June 8 from a user offering to pay 6.5 Ethereum (ETH) for it. The bidding went up from there. On June 11, the winning offer of 1,696.90 ETH – approximately $4 million at the time of publication — was placed.
Dogecoin’s price has climbed significantly in 2021, surpassing $0.70 per coin. Nevertheless, the asset has dropped significantly ever since, in accordance with the remainder of the crypto market, and is currently trading at around $0.31 at the time of posting.
In the past few months, Elon Musk, the self-professed CEO of Dogecoin, has tweeted a series of Dogecoin-related tweets. The asset was established in 2013 as a meme-based crypto spoof by Jackson Palmer and Billy Markus.