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The iconic “Doge” meme of Dogecoin has just been sold as an NFT for $ 4 million

“Doge”, the image of an agitated Shiba Inu and the dogecoin face that has become one of the Internet’s most famous memes, has sold for $ 4 million as a non-fungible token, making it the most expensive meme NFT ever.

The most expensive meme NFT ever

In 2021, Dogecoin has received a lot of attention due to its spectacular price increase. Someone took advantage of the increased interest by selling a non-fungible token (NFT) of the image on which Dogecoin was based.

“The original image that started it all,” read the description of the NFT sold at very.auction. “This photo of Shiba Inu ‘Kabosu’ was taken by her owner Atsuko Sato on February 1

3, 2010,” explains the description, adding:

After sharing it on his personal blog along with the series of other famous photos titled ‘Taking a Trip with Kabosu-chan’, these photos continued to launch Dodge’s meme and have been circulating on the web ever since – none more iconic than this picture.”

On Friday, the auction winner, @pleasrdao, submitted a willing bid of 1,696.9 of cryptocurrency Ethereum worth approximately $ 4 million, according to auction site Zora.

“We are so happy to be a part of this milestone in internet history. If any meme deserved to be the new meme NFT record holder, it’s Doge, ”said Don Caldwell, editor-in-chief of the Internet meme database Know Your Meme, who certified Doge prior to the auction to ensure meme was sold by the rightful. owner.

Caldwell added that Doge, whom he called “one of the most iconic memes in Internet history”, had previously won the Know Your Meme’s ‘Meme of the Decade’ award in December 2019.

The money goes to Japanese kindergarten teacher Atsuko Sato, the owner of the actual Shiba Inu dog pictured in the dogecoin meme.

The term “Doge” comes from the Flash cartoon “Homestar Runner.” In an episode from 2005, the title character Homestar calls another character his “DOGE”. Five years later, in 2010, Sato posted the picture of Kabosu on his personal blog without realizing that the picture would have its own life.

“I took the pictures to update my blog,” Sato said in a statement. “I take a lot of pictures every day, so that day was nothing unusual. Kabosu loves to have her photo taken, so she was very happy that the camera was pointing at her. ”

Related article | Money in Memes: Dogecoin and funny NFTs go viral

Dogecoin has had a great year

The price of dogecoins has risen significantly in 2021, peaking at $ 0.70 per tonne. Coin. However, the asset has fallen significantly since then, in line with the rest of the crypto market, and is currently trading at around $ 0.31 at the time of posting.

The digital cryptocurrency began as a joke, but it has recently gained traction as billionaires Mark Cuban and Elon Musk embrace it. Cuban has made it a requirement for his sports team, the Dallas Mavericks, to take Dogecoin as payment, and Musk has promoted it on Twitter, especially by tweeting a picture of a dog on the moon.

dogecoin topped at 70 cents
DOGE / USD topped with 70 cents. TradingView

Related article | Elon Musk prefers dogecoin over other alts because of the memes

Featured image from Pixabay, Charts from TradingView.com

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