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Sunday, October 6, 2024

The First Ever NFT Was Released On The Dogecoin Blockchain

This was announced on Twitter by one of the altcoin developers. Transaction fee was 0.1 DOGE (about $ 0.0018)

One of the developers of the Dogecoin cryptocurrency under the pseudonym inevitable360 announced the release of the first ever non-fungible token (NFT) on the altcoin blockchain.

To create the NFT, the developer used the SHA-256 hash function. The transaction fee was 0.1 DOGE (about $ 0.0018). The publication was commented on by one of the creators of Dogecoin, Billy Markus, inquiring about the technical implementation of NFT.

On December 14, Tesla and SpaceX CEO Elon Musk announced that the automaker will release its branded products, which will be sold for Dogecoin. After that, the altcoin has risen in price by more than 25%.

Dogecoin is trading at $ 0.17 on December 15. Over the course of the day, Doge fell in price by more than 8%, and its capitalization fell to $ 23.3 billion, according to CoinGecko.

The asset ranks tenth in the list of the largest cryptocurrency in terms of capitalization.

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