The meme based on the Shiba Inu named Kabosu was turned into a nonfungible token that has broken all previous records set by other meme NFTs.
of “Doge,” the joyous and ubiquitous Shiba Inu image that’s been one of the internet’s most famous memes, made history after it sold for more than $4 million and became the most expensive meme NFT to date.
A bidder named @pleasrdao claimed the NFT with a final bid of 1,696.9 Ethereum, a cryptocurrency worth approximately $4 million, according to theFor the unfamiliar, an NFT is much like a one-of-a-kind trading card. They’re usually stored on the Ethereum blockchain, which is essentially a digital ledger for cryptocurrency, and are valued based on rarity.
Doge, the meme that this NFT was based on, was born as an amalgam of two things. For starters, the word “doge” is colloquially used online as a reference to any dog. The image of the dog we know as Doge comes from teacher Atsuko Sato, whoReddit declaring this specific Shiba InuFast forward to 2021 — Doge is now also associated with Dogecoin, a popular cryptocurrency branded after the meme, and Sato took ownership of the meme of her own dog by auctioning it off as an NFT this week.
, a “portion of the proceeds from the sale of the NFT will go toward several charities, including the Japanese Red Cross Society and the World Food Programme.”
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