The memecoin’s co-creator said the best thing for Dogecoin would be the creation of a DOGE-ETH bridge and an NFT marketplace for payments.
Dogecoin needs more infrastructure improvements and industry support if it is to continue the extraordinary growth it has seen over the past year, its co-creator Billy Markus has said.
The shiba inu-faced memecoin is farther along the path to becoming a legitimate and useful cryptocurrency than anyone except its near-fanatical fans could have imagined.
Tesla CEO Elon Musk has basically dragged DOGE from a cryptocurrency that was not only literally created as a joke — but also designed to be “as ridiculous as possible” in Markus’ words — into the ranks of the top 10 cryptocurrencies by market cap.
Musk’s tweets routinely caused DOGE’s price to spike. Which he acknowledged with his usual humility...
“NFTs purchasing is high demand with crypto. Allowing for DOGE purchases of NFTs greatly increases its utility.”
Dogecoin began 2021 with a bang, going from a half penny to a penny on New Year's Day.
The Doge NFT
Prices currently range from 13 ETH (about $39,000 at press time) to 1,337 ETH ($4 million.)
However, the most valuable seems to have been resold for no more than 21 ETH ($65,000) and most under 10 ETH ($31,115). Markus listed them at 0.08 ETH on September 18 — then about $283.
“There will only be 100 in this collection. Enjoy the silliness :)”