Doge News: Inspired by the Shiba Inu, one of the internet’s most iconic and famous pranksters, “Doge” was sold as NFT for nearly $4 million. Thus, Doge became the most expensive breast NFT of all time.
Sold for almost 1700 Ethereum
On Friday, auction winner @pleasrdao placed a bid of 1,696.9 in Ethereum cryptocurrency worth about $4 million, according to auction site Zora.
The meme was first auctioned by Atsuko Sato on Tuesday and received bids for about three days before being sold to @pleasrdao.
A bidding war broke out between users @twodollahotdoge and @pleasrdao on Zora, where Doge was put up for auction on Friday afternoon, and the price continued to rise until @pleasrdao prevailed with the winning bid.
Where does the name Doge come from?
The term “Doge” comes from the cartoon “Homestar Runner”. In a 2005 episode, the character Homestar calls another character “D-O-G-E.” Five years later, in 2010, Sato posted a photo of his dog on his personal blog, but of course he didn’t know that the photo would take on a life of its own.
Sato said in a statement:
“I took the photos to update my blog. I take a lot of pictures every day, it was nothing out of the ordinary that day. Kabosu (his dog’s name) loves being photographed, so he was delighted to have the camera pointed at him.”
The photo was circulating on sites like Tumblr and Reddit in the early 2010s, and a Reddit user called Kabosu’s photo “Doge”, thus the meme was born.
“I was very surprised when I first learned about Kabosu memes,” he said. “I was horrified to think that a single photo I randomly shared on my blog could spread all over the world to places I did not know,” Sato said.
Dogecoin also attracted great attention
The term Doge has seen a huge surge in popularity this year due to the cryptocurrency Dogecoin, which is routinely advertised by Tesla CEO Elon Musk. The Bitcoin parody was first released in 2013.
The winner of the auction was the decentralized autonomous organization PleasrDAO. In the last minutes of the auction, he managed to get ahead of @TwoDollaHotDoge, an avid Dogecoin supporter.