An NFT of the photo that inspired Dogecoin just sold for $4M

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Dogecoin has seen vital consideration in 2021 in tandem with its dramatic value rise. Capitalizing on this rise in consideration, somebody offered a non-fungible token (NFT) of the image on which the Dogecoin (DOGE) cryptocurrency was primarily based. 

“The unique picture that began all of it,” read the outline of the NFT, offered on very.public sale. “This photograph of the Shiba Inu ‘Kabosu’ was taken by her proprietor Atsuko Sato on February 13th, 2010,” the outline explains, including:

“After sharing it to her private weblog alongside the sequence of different well-known photographs underneath the title ‘Taking a stroll with Kabosu-chan,’ these images went on to kickstart the Doge meme and have circulated the net ever since — none extra iconic than this image.”

The NFT was minted by a person named @kabosumama on Might 31, in accordance with the public sale website. The primary bid landed on June eight from a person keen to pay 6.5 Ethereum (ETH) for the piece. Bidding escalated from there. The successful bid of 1,696.90 ETH — over $4M at time of publication — was wagered on June 11.

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Topping above $0.70 per coin, Dogecoin’s value has risen considerably in 2021. The asset, nonetheless, has fallen notably since then, in keeping with the remainder of the crypto market lately, buying and selling at roughly $0.31 as of time of publication.

Elon Musk, the self-proclaimed CEO of Dogecoin, has posted a lot of Dogecoin-related tweets in latest months. Jackson Palmer and Billy Markus created the asset in 2013 as a meme-based crypto parody.