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Meme NFT valued at four million dollars! Original Shiba Inu meme image set to be fragmented, sale starts at 1:00 AM on September 2nd.

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Meme NFT valued at four million dollars! Original Shiba Inu meme image set to be fragmented, sale starts at 1:00 AM on September 2nd.

A decentralized organization specializing in collecting high-value NFT art pieces, PleasrDAO, made headlines in June this year when it acquired the widely popular Dogecoin meme NFT for $4 million. Yesterday (31), PleasrDAO announced plans to split the NFT, allowing more people the opportunity to own a piece of it!

Dog NFT to be Auctioned After Split

PleasrDAO announced yesterday (31) on itswebsite that the Dogecoin meme NFT has been split into billions of DOG ERC-20 tokens through fractional.art, aiming to give more people the opportunity to own and participate in the history of Dogecoin meme NFT development.

The first auction of DOG tokens will take place on September 1 at 1:00 PM EST (01:00 on 9/2 Taiwan time), giving the public the first chance to own this artwork after PleasrDAO acquired the Dogecoin meme NFT.

The auction will sell 20% of the total supply of DOG tokens, approximately 3.4 billion tokens. Transactions can be made through fractional.art or decentralized exchanges like Sushiswap and Uniswap.

PleasrDAO stated:

It's like the Louvre deciding to split the smile of the Mona Lisa into parts and distribute one part to the public to own. However, unlike the Louvre, achieving collective ownership of art is only possible in the world of crypto art.

Development and Application of DOG Tokens

What benefits can owning these DOG tokens bring? Although details are scarce, PleasrDAO mentioned that these tokens can be seen as a permanent ticket to participate in various Dogecoin (Doge) community-exclusive events.

In addition to these special privileges, holders of DOG tokens can also participate in valuation voting for the original Dogecoin meme NFT to exercise their ownership of the NFT. In other words, the price of the Dogecoin meme NFT will be collectively determined by all DOG token holders, and if the NFT is sold on the market one day, DOG token holders can also receive corresponding rewards based on the amount of tokens they hold.

Introduced in 2013 as a joke, no one could have predicted the massive growth of Dogecoin eight years later, with a market cap exceeding $36 billion, ranking 7th among all cryptocurrencies. Now, the split Dogecoin meme NFTs will continue to appear in various corners of Ethereum, bringing surprises to Dogecoin believers and impacting the entire cryptocurrency world.

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