If you’re in the market for a dog, it might be better to buy one from a real life store. But if you want to own a digital representation of a canine, then the latest non-fungible token (NFT) might be up your alley. This particular token is based on an iconic meme and has doubled in value in less than 24 hours.
NFTs are collectible virtual items that can be bought and sold on the blockchain. They can be anything from art to virtual animals. One of the more interesting NFTs is the Doge coin, which has recently doubled in value, according to CoinGecko. A fractionalized NFT based on Doge is now worth more than $550 million, making it the most valuable meme NFT to date.
The Doge NFT is a non-fungible token minted on the Ethereum blockchain. It’s a representation of everybody’s favorite canine that’s become an icon in internet culture. The token is currently listed on several centralized cryptocurrency exchanges and can be traded with fiat currency. The listing of the Doge NFT is helping to lower the barrier to entry for new retail NFT collectors and could help it reach an even wider audience.
Another NFT to watch is the Robo Dog collection, a set of 10,000 virtual dogs created by Kia America and designed by artist Mason Rothschild. The NFTs are available for purchase on Sweet, a platform that allows users to trade digital assets. Those who purchase the NFTs can also adopt them and donate them to the Petfinder Foundation, which is an animal welfare charity. The NFTs are preprogrammed with traits like breed, size, age, and coat length. These traits will affect the price of the NFTs when they’re resold on secondary markets.
A new NFT is also being launched that allows users to own an actual bulldog with their blockchain wallet. This NFT is being sold by a company called Bullishly Bred and will be delivered to buyers via the blockchain. The NFT is only going to be sold for a limited time, so be sure to act quickly if you want to get your hands on one of these puppies.
The NFT is backed by the blockchain’s xDai sidechain and features a QR code that can be scanned to display a photo of the puppy. In addition, the NFT is a collectible that can be resold or exchanged for other digital assets on the xDai marketplace. It’s possible that the bulldog NFT will become a popular item, and it could help the xDai ecosystem gain more traction as the world’s leading digital art and collectibles platform. The xDai marketplace has already attracted a number of high-profile artists and brands. It’s hoped that the bulldog NFT will also be useful for businesses looking to create branded products that can be sold on the blockchain. The NFT is only available until Feb. 18, so be sure to grab yours before it’s too late.dog nft