This is how the reaction of a certain dog would have been had he got wind of this auction. Doge is the image of a Shiba-Inu and is arguably one of the most iconic and well-known memes on the internet. Now the original picture from Japan was auctioned for the equivalent of around 3.8 million francs.
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The auction ended on June 11th. The winner bid a total of 1696.9 Ethereum for the picture. Converted, this corresponds to 3.8 million francs. «We are happy to be part of this milestone in Internet history. If a meme deserves to be the new record holder, it is definitely Doge, ”explains Don Caldwell, editor-in-chief of the meme database Knowyourmeme.com to the TV broadcaster NBC.
Female from Japan
Don Caldwell had certified the Doge photo prior to the auction to ensure that the meme was being sold by the rightful owner. The dog Kabosu is actually shown in the doge picture. The animal was adopted by the Japanese kindergarten teacher Atsuko Sato when a dog breeding business was closed. That was in 2008.
From Kabosu to Doge
But how did Kabosu become the doge meme? The owner posted the corresponding dog picture on her blog in 2010. “I take tons of photos every day, so this day wasn’t unusual. Kabosu loves to be photographed, so she was delighted that the camera was aimed at her, ”explains Atsuko Sato in a statement.
The term D-O-G-E originally comes from a comic from 2005. The doge term was brought together with the image of Kabosu in 2010 on the Reddit platform – the meme was born. At that time the kindergarten teacher did not know that the bitch would one day bring in millions. Atsuko Sato now wants to donate part of the proceeds from the NFT auction to charities, including the Red Cross and the United Nations World Food Program.
69 million for collage
But what exactly is an NFT? NFT stands for Non-Fungible Token, which means something like “non-exchangeable tokens”. They are to be understood in a similar way to cryptocurrencies like Bitcoin, as they are based on a blockchain in which every transaction is saved in detail. Buying NFTs is not just buying an abstract block in a series of digital blocks, but an asset that represents ownership of a particular digital object.
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Doge is the most expensive Doge NFT meme sold to date, but not the most expensive NFT ever. This title goes to artist Beeple with his collage “Everydays: the First 5000 Days”. The artwork was sold for over $ 69 million at Christie’s auction house as an NFT in March 2021.
doge meme?
The owner posted the corresponding dog picture on her blog in 2010. “I take tons of photos every day, so this day wasn’t unusual. Kabosu loves to be photographed, so she was delighted that the camera was aimed at her, ”explains Atsuko Sato in a statement.
The term D-O-G-E originally comes from a comic from 2005. The doge term was finally brought together with the image of Kabosu in 2010 on the Reddit platform – the meme was born. At that time the kindergarten teacher did not know that the bitch would one day bring in millions. Atsuko Sato now wants to donate part of the proceeds from the NFT auction to charities, including the Red Cross and the United Nations World Food Program.
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Not fungible “means that something is unique and cannot be replaced by anything else. For example, a bitcoin is fungible – swap one for another bitcoin and you’ll have exactly the same thing. On the other hand, a digital work of art or a unique trading card is not fungible. If you exchange it for another card, you have something completely different.
The digital ledger, which works just like the technology behind cryptocurrencies, is known as the blockchain. Artwork, music, or digital files, including videos, photos, or in-game items, are examples of different types of digital entities that can be converted into NFTs and auctioned off.
Despite the explosion of NFTs in 2021, the phenomenon remains a sub-reality of no concern to most people who are still unsure of it.
21 Non-Fungal Token (NFT) Statistics and Trends for 2021
Our roundup of the top 21 online NFT stats can help you gain a better understanding of the latest crypto craze and its future:
In a record-breaking sale for Beeple, the iconic artist collection was sold for an unbelievable price of $ 69.3 million, cementing its position as one of the best-selling digital artists in the world.
Singapore-based crypto billionaire and serial entrepreneur Vignesh Sundaresan bought it at Christie’s on March 11, 2021 for 42,329 ETH (then $ 69,346,250).
There are regular sales in the blockchain-based game Decentraland. Still, real estate investment firm Republic Realm’s purchase of a single virtual lot in year 1 for nearly $ 1 million fueled demand for virtual or digital real estate.
A CryptoPunk depicting an alien punk with gold earrings, a red knitted hat, and a medical face mask became the most expensive CryptoPunk of all time after it was sold for a whopping $ 11.7 million through the Sotheby auction house.
However, Ulbricht uses the lines not only to report on his life, but also to draw attention to a new NFT collection, which will be available at the Art Basel art fair from December 2nd today via SuperRare. The “Ross Ulbricht Genesis Collection NFT” contains ten drawings by the Silk Road founder and an animation by the artist Levitate.
Ulbricht would like to do good with the proceeds from the sales of the NFTs, because the prisoners should benefit from them. However, part of the money raised should also be used for Ulbricht’s ongoing attempt to escape his fate in prison.
Take the Thanksgiving NFT drop by British artist Damien Hirst, for example. Hirst recently moved into the limelight when he illustrated the cover for the sixth studio album “Certified Lover Boy” by rapper Drake. Now he has based it on 10,000 NFTs in a collection called “Great Expectations”. Each one shows twelve different pregnant women against different backgrounds.
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