Dogecoin co-founder sells NFT collection tied to meme cryptocurrency

Dogecoin co-founder Billy Markus sold non-fungible tokens (NFTs) bearing the logo of the digital asset.

Capped Dogecoin — Much cap, very deflation, many tokenomics. Many available!

— Tier 1 is available on Rarible, 420 issued: https://t.co/00wSCeciCB
— Tier 2 is also on Rarible, 3 issued (already sold out)
— Tier 3 is up for auction on @withFND, only 1: https://t.co/1LiijfSvCy pic.twitter.com/JprzxPoaeO

— Shibetoshi Nakamoto (@BillyM2k) June 8, 2021

The NFTs are presented as an animation of a rotating coin bearing the Dogecoin image and the letter “D”. Markus positions the collection as a limited-supply version of the meme cryptocurrency.

“I wanted to try something new, a new platform that allows issuing multiple copies of the same NFT,” wrote the co-founder of Dogecoin.

He categorized the NFTs into three tiers based on rarity:

• Tier 1 — 420 tokens on the Rarible marketplace;
• Tier 2 — three tokens on Rarible;
• Tier 3 — a unique token on the Foundation platform.

A user going by the handle swaggmire купил the NFT in a single edition for 1.5 ETH (about $3,468 at the time of writing). He put the token up for auction with a starting price of 420.69 ETH (nearly $1 million), but later withdrew it from sale.

In February 2021, Marcus explained how, in 2015, he left the project and sold his savings in Dogecoin for an amount equivalent to a used Honda Civic.

In June 2021, Ethereum co-founder Vitalik Buterin said that in 2016 he invested $25,000 in the meme cryptocurrency and earned more than $4 million from it.

Sotheby’s sold the NFT CryptoPunk #7523, also known as COVID Alien, for 4520 ETH ($11.8 million at the time of the deal).

Read ForkLog’s Bitcoin news in our Telegram — cryptocurrency news, prices and analysis.