Dogecoin co-creator Billy Markus is promoting his “10 Commandments” for the meme coin’s community that he wrote method again in 2014 as a non-fungible token or NFT.
Markus, who goes by the username Shibetoshi Nakamoto on Twitter, stated he’s promoting digital images of the unique Reddit put up that he wrote to the Dogecoin community in January 2014 as an NFT on Rarible, an NFT token market.
Markus is promoting 420 copies of the “Ten Commandments,” out of which 416 had been out there as of press time. The editions are priced from 0.069 Ethereum (ETH), which translates to almost $220 at press time when ETH traded at $3,184.78.
The NFTs are minted on the Ethereum blockchain, as Dogecoin doesn’t have any NFT capabilities.
The Dogecoin co-creator noted that unclaimed doodles in the “Crappy Dogecoin Doodle” series are burned earlier than every new drop is launched each Monday.
Why It Matters:
NFTs, blockchain-based tokenization of collectible items or art items, enable customers to personal digital property like retail estate, art, digital sneakers, and video moments. It’s a digital asset that’s distinctive and indivisible.
Markus began to publish the weekly collection of NFTs titled “Crappy Dogecoin Doodles” in June. The “10 Commandments” is the tenth within the collection.
In May, Markus’ NFT titled “Capped Doge” was offered for $70,000. He has additionally offered some other items titled “Dogecoin Alpha” and “Doughge.”
Doge, the basic meme behind Dogecoin, was sold for about $4 million in an auction in June, making it the most expensive meme to be offered as NFT up to now.
Dogecoin is down 3.1% over the last 24 hours, trading at $0.3271 at press time, while Ethereum is down 3.5% over the 24-hour period to at 3184.78.