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    Iconic ‘Doge’ Meme NFT Smashes Record, Sells For $4 Million

    By Reethu RaviJune 12, 20212 Mins Read

    The famous “Doge” meme, one of the internet’s most iconic memes, has smashed the record for the most expensive meme NFT. The NFT, featuring an enthused-looking Shiba Inu dog, sold for over $4 million at an auction on Friday, June 11.

    Atsuko Sato had put up the meme for auction on Tuesday on the auction site Zora. Sato is the owner of Kabosu, the dog featured in the famous image. The winner, @pleasrdao, won the NFT after placing a bid of 1,696.9 ETH or roughly $4 million. A part of the proceedings will also go to charities such as the Japanese Red Cross Society and the World Food Programme.

    Doge Meme NFT
    Doge Meme NFT fetches $4 million. Credits: Zora

    Dogecoin’s rise leads to ‘Doge’ Meme NFT

    Sato had taken the original image on February 13th, 2010, and shared it on her personal blog. Soon, it kickstarted the Doge meme craze. 

    “When I first found out about the Kabosu memes, I was very surprised,” Sato was quote as saying by NBC News. “I was terrified at the thought that just one photo I had casually posted on my blog could spread all over the world to places I didn’t know.”

    This year, Doge’s popularity surged after cryptocurrency Dogecoin witnessed a dramatic price rise. Software engineers Jackson Palmer and Billy Markus had originally created Dogecoin as a joke in the meme’s honor. The cryptocurrency has thus been around for years. However, it came to the limelight after Elon Musk endorsed it on social media. 

    Doge meme is not the only meme that has allowed its owners to cash in through the NFT craze. For instance, ‘Disaster Girl’ featuring 4-year-old Zoe Roth, was sold for 180 ETH or about $430,000 at the time. Similarly, an NFT of “Pepe the Frog” sold for about $1 million early this year.

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    Reethu Ravi
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    Reethu Ravi is a journalist based in India, covering environment, sustainability, tech and innovation. When not found between the pages of a book, she can be seen catching up on the latest developments in the tech world. A naval architect-turned journalist, she loves bringing stories of change and innovation to the limelight.

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