Owners of the Doge meme non-fungible token (NFT) are fractionalizing ownership in the form of $DOG tokens.
Based on a 2010 photograph of Kabosu, a Shiba Inu from Japan, the Doge meme became popular in late 2013. It later inspired software engineers Billy Markus and Jackson Palmer to use it as the face of their satirical Bitcoin imitation, Dogecoin. The original meme was then made into an NFT and sold for $4 million in June.
Now, the NFT’s owner PleasrDAO will be offering fractionalized ownership in the form of $DOG tokens, available for sale Wednesday. First, Fractional.art will fractionalize the NFT before it goes to a batch auction sale on DeFi protocol Miso, where the $DOG token will be distributed to participants. Additionally, decentralized exchange Sushiswap will allow the tokens to be bought and sold separate from Dogecoin.
This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto
This news is republished from another source. You can check the original article here