The non-fungible token market has grown in popularity, and with the introduction of a new NFT collection centered on Tesla CEO Elon Musk, it has grown even more. Musk, who has been a driving force behind the rise of cryptocurrencies like Bitcoin, Dogecoin, and Shiba Inu, is now the face of non-fungible pieces known as “Dogs of Elon.”
This sale mints 10,000 pieces plus a presentation of 100 rare NFTs, according to Non-fungible collection announcements.
Elon Musk NFT: Don’t miss this auction!
Information concerning Elon Musk’s NFT collection, dubbed “Dogs of Elon,” has been circulating since the early hours of Tuesday, October 26. Musk is the subject of the virtual auction, according to the website that advertises it.
There will be 10,000 one-of-a-kind items inspired by Musk and a tie to Dogecoin, which uses the Japanese dog Shiba Inu as a virtual auction presenter. This collection will include 100 unique pieces, including 70 DOGE-themed zombies and 30 NFTs featuring Musk’s visage.
For a limited time, these items may be acquired using the cryptos Dogecoin, Shiba Inu, and Kishu Inu, according to the agency marketing the Dogs of Elon auction. Participants in the Musk-hosted auction will be able to acquire 20 of the collection’s 10,000 items. All collectors will be able to receive their one-of-a-kind artifacts in this manner.
Even though the Dogs of Elon auction is gaining popularity on social media, the Tesla director has yet to comment. Elon Musk, on the other hand, will back it in the coming hours with a tweet.
Shiba Inu regains popularity
The picture of the Japanese breed of dog Shiba Inu appears on three cryptocurrencies, starting with the one with the same name. Dogecoin would be the first cryptocurrency to copy a dog, while Kishu Inu, a token launched in April 2021 to imitate the Japanese dog Kishu, would be the second.
Elon Musk was a supporter of all three cryptocurrencies when he first learned about them. The NFT auction aims to pay tribute to Musk’s contributions to the crypto industry and, more specifically, to each coin.
For the time being, the NFT collection has had no beneficial impact on the value of either cryptocurrency. Dogecoin is now trading at $0.2653, up 0.02 percent in the last 24 hours. Likewise, Shiba Inu’s price skyrocketed, hitting $0.00004724 following a 20.92 percent increase in just 24 hours. Last but not least, Kishu Inu reaches $0.000000006482, with a market valuation that has increased by 79.88% in just 24 hours.
The value of the tokens may rise in the coming hours due to a fresh adoption wave fueled by the NFT auction.