The iconic internet meme ‘Doge’ has just doubled in value overnight. The shiba inu-inspired image, which inspired the creation of the joke cryptocurrency Dogecoin and is loved by internet culture insiders including Elon Musk, sold as a non-fungible token (NFT) for $4 million this week. This makes it the most expensive meme NFT of all time.
NFTs are digital representations of real-world objects that can be bought and sold on a blockchain ledger. But they’re not just about virtual collectibles — some are now being used to solve real-world problems. For example, a company called Bullishly Bred is selling NFTs that come with a physical puppy. Buyers can buy one with cryptocurrency, and the NFT will serve as proof of ownership. Then, a flight nanny will coordinate a day when the pup can be delivered to its new home.
While NFTs are incredibly popular, they can also be a bit confusing. There are many different ways to buy, sell, and use them, which can lead to confusion for those who aren’t familiar with the technology. This article will provide a simple guide for purchasing and using an NFT, so you can get the most out of this exciting new technology.
You can purchase Doge NFTs on the Binance exchange, a centralized crypto platform that supports multiple currencies and fiat. You can find the NFT under ‘Fractional Art’, with a price of $0.019. You will need to link your wallet before buying the token, which you can do on Binance’s website.
Once you’ve linked your wallet, you can then click on the ‘Buy Doge NFTs’ button in the top left corner of the screen. Once you’ve clicked this, a pop-up window will appear where you can enter your amount of Ethereum and click ‘Buy.’ The NFT will then be added to your wallet, and you can then trade it on the exchange.
There are a number of other animal-inspired NFT collections available in the market as well. One is the “Cool Dogs” collection, a series of 5000 programmatically generated NFTs that are based on popular memes and were minted last week. This NFT is being promoted by NFT influencers and quickly sold out. It will be followed by three other collections based on cats, birds, and bulls.
Another popular animal-themed NFT is the 10,0001 Dalmatians collection, which launched on Sept. 27. Holders of this NFT can participate in Twitter group games run by the creators of the collection to win prizes in the form of more NFTs and even Ethereum. A separate NFT called Doggos, a spin-off of Dom Hofmann’s Loot project, offers additional utilities for those who hold Doge NFTs. It’s a good idea to add all your NFTs to MetaMask, a desktop app that lets you view and manage your token holdings. You can install the MetaMask Chrome extension to make this process faster and easier. Adding the Doge NFT to your wallet will let you trade it on both decentralized and centralized exchanges. dog nft