DOGE Co-Creator, Billy Markus, Launches 3-Tier DogeCoin Themed NFT Series

Dogecoin founder Billy Markus is the latest celebrity and developer to enter the NFT space.

By
John Tunney
on
June 12, 2021
Category:
Blockchain News

Doge To NFT

Billy Markus, the Dogecoin founder who sadly sold all of his Dogecoin shares in 2015, has now entered the NFT marketplace. On June 9th, Markus announced his DOGE inspired NFT, styling a baseball cap. The tweet reads, “Capped Dogecoin - Much cap, very deflation, many tokenomics. Many available!”

The NFT release is split into three tiers. Each tier comes at a different price point. The NFTs are available for purchase on the NFT platform Rarible. The tier-one NFT is an open edition of the copies and is currently being sold for .081 wETH, worth around $193.42. Tier-two has already sold out on Rarible, with three copies selling for .8 ETH each, worth around $1,905.90. The third tier consisted of a one-of-one selling for 1.5 ETH, valued around at $3,574.58. 

The new coins were made in collaboration with friends of Markus. One of the friends, Laura Shigiharaworks under the handle @supershigi, on Twitch and Twitter, as a Japanese-American game developer & composer. She is famous for creating the video game, Rakuen, as well the audio for numerous other games. Rakuen is recognized for its artwork and gameplay. 

Markus responded later in his Twitter thread, seemingly as a joke, that this is his first major work other than DogeCoin. He stated that he and his team wanted “something different” and Rarible seemed like a natural platform. Markus’ Rarible account has more NFTs listed for sale. He is also cheekily selling exactly 420 of the top tier tokens. 

What are NFTs?

An NFT is a digital asset that represents a real-world object like art, music, in-game items, and videos. They are bought, sold and traded online, typically with cryptocurrency. NFTs have gained notoriety because they are becoming an increasingly popular way to buy and sell digital artwork. The appeal to buy NFTs are because they are also generally one of a kind, or at least one of a very limited run, and have unique identifying codes. Their exclusivity makes them valuable assets and show pieces.

The NFT movement is also gaining lots of popularity with celebrities, including Paris Hilton, Steve Harvey, and Tom Brady. As more celebrities enter the space, the popularity of NFTs should continue. The Binance Protocol and FTX have also recently launched their own NFT marketplaces to host the trading of the digital asset class. The latest launch of Dogecoin NFTs looks to add continued momentum. 

Source

As more NFTs and digital collectibles become more widely popularized, it should only make sense that experienced developers position themselves to take advantage of the exploding market. The crypto coin/token market has remained bearish and volatile over the last couple of days, yet NFTs have seen tons of growth and attention. It seems everyone (athletes, celebrities, musicians, etc) is getting ready to jump into the NFT marketplace. Will the momentum last? Markus and other popular celebrities certainly think so.

Dogecoin

Dogecoin is a peer-to-peer, open-source cryptocurrency. Also considered as an altcoin, the cryptocurrency is seen as a meme or joke. The altcoin was created in December 2013 and has gained massive adoption since last year. Its logo is a Shiba Inu dog, the DOGE, as it is popularly called. However, the cryptocurrency's blockchain still has quality. It is modeled after Litecoin and has a lot of unique features. Two of which are its unlimited supply and low prices helped by a scrypt algorithm.

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John Tunney

John Tunney is an accomplished analyst and crypto enthusiast. The UCLA alum has been actively reporting and blogging for 3 years, and has a passion for all things finance.

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