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Kabosu, a Shiba Inu, has long been an Internet celebrity, having evolved from a simple joke to a Dogecoin mascot with a cult of meme coin worship. His photo was previously sold to PleasrDAO in the form of NFT for 1967 ETH (about $4 million at the time), but now anyone can own a piece of this renowned non-fungible token!

PleasrDAO, seeing their wealth at their disposal, asked all DOGE lovers to buy a share of NFT with a portrait of Kabosu without hesitation. The NFT was split into 17 billion DOG ERC-20 tokens. An investor’s ownership in NFT Doge is determined by the number of these tokens he purchases.

Surprisingly, the value of a non-fungible token has surged as a result of this “crushing.” It’s easy to calculate how profitable PleasrDAO’s proposal turned out to be, given that it was purchased for $4 million and the final auction proceeds exceeded 11,942 WETH, which is comparable to $44.6 million.

The auction took place on the Miso trading platform, with 1,796 people bidding. With DEX SushiSwap and Uniswap, you can now obtain tokens that are extremely valuable to meme fans. According to PleasrDAO, 55 percent of DOG tokens will be spent in the DAO, with the remaining 25% going to a fund that supports DOG community projects.

According to CoinMarketCap, this “equity NFT” has increased by more than 60% since yesterday and is now trading at $0.034. Simultaneously, the DOG token’s market capitalization with a full emission will be a whopping $577.8 million!

The NFT movement is gaining traction. Hundreds of millions of dollars have been invested in tokenized paintings, films, videos, and any other kind of art that producers have come up with. The total sales of non-fungible tokens in the first quarter of 2021 exceeded $1.5 billion. This means that the buzz around them isn’t going away anytime soon, evidenced by memes like Doge, which cost more than $577 million to create.

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