Doge Meme NFT To Be Sold in Fractions, Starting Today

Dogecoin Ethereum Investing NFT Non-fungible tokens
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Author
Fredrik Vold
Author Categories
About Author

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad DisclosureWe believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more

The original Doge meme non-fungible token (NFT), which sold to the NFT collective PleasrDAO in June for ETH 1,696 (USD 4m at the time, more than USD 6m today) today becomes available in “billions of pieces” for anyone interested in owning their share of the iconic internet meme.

Source: cryptunez / Twitter

The distributed ownership of the meme NFT – one of the best-known NFTs in the space – has been made possible by using theFractional.art tool, which lets anyone split up ownership of their NFTs into smaller fractions. Hence, the original Doge NFT – depicting a rescued Shiba Inu good girl Kabosu, owned by Japanese kindergarten teacher Atsuko Sato – is from today available as Ethereum-based ERC-20 tokens under the ticker name DOG.

“The initial auction of DOG fractions will take place on September 1st, at 1pm EST and it will be the first opportunity for people to own this piece of art. Thereafter, it will be available to exchange on fractional.art or through decentralized exchanges such as sushi.com or uniswap.org,” PleasrDAO wrote in a blog post announcing the sale.

Further explaining the idea behind fractionalizing the legendary NFT, the group wrote that they have plans for a DOG development fund “for projects aimed at supporting the long term community.” It also promised that the group will be “the primary provider of liquidity on exchanges,” and that considerations have been taken to avoid “downward price pressure” on the newly minted tokens.

“For now, it’s very much as if the Louvre decided to fractionalize the Mona Lisa and distribute a portion of it for the public to own,” PleasrDAO further wrote, adding that “unlike at the Louvre, collective ownership of art is really only possible using crypto art.”

Following the announcement by the digital art collective, the Doge meme’s rise to internet fame was broken down in a Twitter thread by Doge community member Cryptunez. In it, he detailed the meme’s entire journey from the creation of dogecoin (DOGE) in 2013, to the meme gaining celebrity status with the help of Tesla chief Elon Musk’s Twitter account this year.

The NFT sector has been on fire for much of the year this year, with everyone from Japanese conglomerate Rakuten, investment firm Three Arrows Capital, and even Visa, getting involved as of late.

Despite the new round of attention around the Doge meme, dogecoin itself saw only minor moves in the crypto market today. At the time of writing, (12:25 UTC), the 7th coin by market capitalization is up by almost 2% over the past 24 hours, trading at a price of USD 0.284. It’s down by 2% over the past week.

____

Learn more:
Another World-Famous Meme Capitalizes on the NFT Hype
Buterin to Star in Mila Kunis’ NFT Animated Series – with Jane Fonda

Mark Cuban Says He Owns USD 494 of ‘Strongest Community’ Dogecoin
Cuban & Musk Turn up the DOGE Again – Critics Ring Warning Bells (Again)

More Articles

Price Analysis
Will Trump’s Tariffs Boost Bitcoin: Down 5% Again
Arslan Butt
Arslan Butt
2025-02-08 14:39:24
Price Analysis
Solana Struggles: Price Down Almost 15% in a Week – Is It Time to Buy?
Arslan Butt
Arslan Butt
2025-02-08 13:22:54
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors