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Cryptocurrency

1 Sept 2021

Dogecoin Meme Now Available for Fractional Ownership as NFT

The Index Today

The 2013 Dogecoin meme with the famous Shibu Inu, Kobashu, has sold for millions and is now available as fractionalized ownership.

The owner of the non-fungible token (NFT), PleasrDao is planning to offer of the meme in the form of $DOG tokens. The sale is expected to begin on Wednesday on the MISO platform.

The NFT owner said, “PleasrDao is announcing that the NFT has been fractionalized into billions of pieces to be shared with the broader internet community.”

PleasrDao has given itself the description of an experimental collective and purchased the Dogecoin meme as an NFT for $5.5 Million (1696 Ethereum). The original owner of the Shiba Inu NFT was Atsuko Sato.

Another NFT titled “Feisty Doge NFT” became one of the most sought-after NFTs reaching $110 million with the help of fractionalization.

Cryptocurrency enthusiast GmoneyNFT shed light upon the opportunity for fractionalized versions of NFTs. He said he is also a member of PleasrDao, “We bought the Dogecoin meme, the actual pic, the Shiba.” Dogecoin traded 1.6% higher for 24 hours just before the press time.

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