Creating a cross-chain bridge between the Dogecoin and Ethereum blockchains would add practical value to the meme cryptocurrency, according to its co-founder Billy Markus.
things that add utility to #dogecoin:
1) businesses accepting doge
— the more it can be used as a currency, the better2) using doge as a tipping currency
— the most pure use case that brings happiness3) dogecoin / ethereum bridge
— allows doge to be used with web3— Shibetoshi Nakamoto (@BillyM2k) April 24, 2022
It would expand the use cases for DOGE in Web 3.0, Markus argues.
“This would open up the possibility for sites like OpenSea to accept Dogecoin as payment for wrapped purchases. Essentially, the bridge would enable converting DOGE into a wrapped token and back, unlocking the technology,” wrote Markus.
it would unlock the ability for sites like opensea to accept Dogecoin for purchasing using the wrapped dogecoin token — basically a bridge would allow transfer from doge to a wrapped doge token and back to unlock the tech
— Shibetoshi Nakamoto (@BillyM2k) April 24, 2022
In his view, dedicated sites would be able to see wrapped coins in a MetaMask wallet and offer new features and capabilities for holders.
It would also boost Dogecoin’s usefulness by broadening the number of companies that accept the cryptocurrency and its use for donations, Markus noted.
In April, Vlad Tenev called the conditions for turning DOGE into ‘the future currency of the internet and of people’.