Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance
Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance.
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Source: BitpushNews
Author: Amy Liu
On Wednesday, NFT fragmentation platform Fractional. Art auctioned the original pictures of the prototype of the dog coin avatar. The DogeNFT token worth $45.1 million was sold out during the auction, bringing the value of the collection to over $302 million.
After fragmentation through Fractional.Art, anyone can purchase the fragmentation NFT through SushiSwap's MISO platform. The DogeNFT token after fragmentation is DOG.
In June of this year, the NFT was sold for the first time at 1696.9 ETH (approximately $4 million). AtsukoSato, the original owner of the dog coin avatar, has sold ownership of the image to the decentralized art collection platform PleasrDAO.
Earlier this week, PleasrDAO split NFT into billions of separate tokens. The idea is to give others the opportunity to purchase and have partial ownership of the artwork.
According to MISO data, the auction launched on Wednesday raised a total of 11942 ETHs (valued at over $45 million at today's prices) from 1796 buyers.
This means that 20% of the 16969696969 tokens have been sold, and the remaining 3.3 billion tokens can now be purchased on decentralized exchanges SushiSwap and Uniswap. According to Fractional's data, at current prices, the entire NFT is currently worth 302 million US dollars.
Who is buying these fragmentation NFTs? Jamis Johnson, senior executive of PleasrDAO, said in an interview, "The DogeNFT community includes some top leaders of DeFi, early NFT collectors and digital artists, and all members of PleasrDAO."
Investors can purchase any number of DOG tokens as long as they can afford them on Fractional. art and decentralized trading Miso. How many tokens investors purchase will determine their ownership of the NFT, but PleasrDAO will retain majority ownership.
DOG holders will also be able to participate in future decisions around NFT, and the trend of fragmentation NFT is likely to continue.
NFT is currently a craze in the cryptocurrency world. Billions of dollars have been invested in token art, sound editing, videos, and even chat robots.
Dogcoin is a very popular cryptocurrency with a market value of $39 billion, ranking seventh.
Billionaire entrepreneurs such as ElonMusk and MarkCube have pushed up the price of Dogcoin and claimed that it may one day become a useful cryptocurrency for online shopping.
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