The Doge NFT (DOG) Graphics
The Doge NFT (DOG) is a fractionalized NFT token representing ownership of the original photograph of Kabosu, the Shiba Inu dog who became the internet’s beloved meme, Doge. Its core mission is to democratize ownership of a piece of internet history, allowing a wider community of fans and investors to collectively own a portion of this iconic digital asset. By fractionalizing the original NFT, The Doge NFT project transformed a single, high-value asset into a fungible token, making it accessible to a much larger audience. The DOG token is the vehicle through which this ownership is managed and traded.
📊 The Doge NFT (DOG) Quick Facts
| Feature | Details |
| Token Name | The Doge NFT (DOG) |
| Blockchain | Ethereum (ERC-20) |
| Category | Fractionalized NFT, Meme, Collectible, Community Token |
| Circulating Supply | 16.9 Billion DOG (This represents the total fixed supply of tokens.) |
| Total Supply | 16.9 Billion DOG |
| Max Supply | 16.9 Billion DOG |
| Consensus Mechanism | Not applicable to token directly; relies on the underlying Ethereum blockchain for security. |
| Use Cases | Collective ownership, speculation, and governance (potential). |
| Official Website | The project’s official website is no longer active. Information is primarily available through social media and crypto data aggregators. |
🔍 What is The Doge NFT?
In 2021, the original Doge photograph was minted as an NFT and sold at auction for 1,696.9 Ether (worth over $4 million at the time). The new owner, a group called PleasrDAO, a collective of DeFi and NFT enthusiasts, decided to do something revolutionary: they “fractionalized” the NFT.
- Fractionalization: This process involves locking the original NFT into a smart contract and minting a large number of fungible tokens, with each token representing a small share of ownership in the original NFT.
- The DOG Token: In this case, the original Doge NFT was divided into 16,969,696,969 DOG tokens. Each token represents a tiny fraction of the original NFT.
- Community Ownership: By doing this, PleasrDAO made it possible for anyone to own a piece of the iconic meme, regardless of their financial resources. This turned a single, illiquid asset into a liquid, tradable token.
- Meme Culture and Legacy: The project celebrates the cultural significance of the Doge meme, which has become one of the most recognizable and influential figures in internet history.
The DOG token is the digital manifestation of this collective ownership, allowing for a decentralized and public market for a single piece of art.
✨ Key Features and Ecosystem Components
The Doge NFT project, powered by the DOG token, offers several key features:
- Democratized Ownership: Allows thousands of people to collectively own a single NFT.
- Liquidity: Fractionalization makes the asset liquid and tradable on decentralized exchanges.
- Iconic Asset: The token represents ownership of the original Doge meme, a piece of internet history.
- Fixed Max Supply: The total supply of DOG is capped at 16.9 billion tokens, ensuring long-term scarcity.
📈 DOG Tokenomics
The DOG token is an ERC-20 utility token with a straightforward tokenomics model centered on its purpose:
- Collective Ownership: The token’s primary utility is representing fractional ownership of the original Doge NFT. Its value is tied to the perceived value of that single asset.
- Governance (Potential): While not explicitly implemented, the long-term vision of such projects often includes governance, where DOG token holders could vote on matters concerning the original NFT, such as how it’s used or displayed.
- Fixed Max Supply: The total supply of DOG is capped at 16,969,696,969 tokens. This number is a symbolic nod to the original sale price. There are no new tokens to be minted, providing a clear supply schedule.
🚀 Use Cases & Applications
- Collective NFT Ownership: A way to own a fractional share of a high-value NFT.
- Speculation: Traders can speculate on the future value of the original Doge NFT.
- Community Building: A way for fans of the Doge meme to show their support and ownership.
✅ Pros and ❌ Cons
Pros
- Accessible Ownership: Lowers the barrier to entry for owning a piece of a high-value NFT.
- High Liquidity: The fractionalized nature makes the asset easy to buy and sell.
- Strong Community & Cultural Significance: Backed by the massive and globally recognized Doge meme community.
- Fixed Max Supply: A capped token supply provides long-term scarcity.
Cons
- Price Volatility: The value of DOG, like other cryptocurrencies and NFTs, is subject to significant market fluctuations and speculation.
- Limited Direct Utility: The token’s primary use case is representing ownership; it lacks broader utility outside of this.
- Regulatory Uncertainty: The fractionalization of NFTs is a relatively new concept, and its regulatory future is uncertain.
🛒 How to Buy & Store DOG
- Select an Exchange: The Doge NFT (DOG) is available on a few centralized exchanges (CEXs) like Gate.io and MEXC. It’s also available on decentralized exchanges (DEXs) on the Ethereum network (e.g., Uniswap).
- Set Up an Account: If using a CEX, register and complete the KYC (Know Your Customer) verification process.
- Deposit Funds: Deposit fiat currency (USD, EUR, etc.) or other cryptocurrencies (like USDT or ETH) into your exchange account.
- Purchase DOG: Navigate to the trading pair for DOG (e.g., DOG/USDT or DOG/ETH) and place a buy order.
- Secure Storage: For long-term security, it’s highly recommended to withdraw your DOG tokens from the exchange and store them in a secure non-custodial wallet that supports ERC-20 tokens.
- MetaMask: A widely used browser extension wallet that supports Ethereum.
- Trust Wallet: A popular mobile wallet that supports a wide range of cryptocurrencies.
- Hardware Wallets: Ledger and Trezor offer the highest level of security for storing DOG tokens.
🏁 Conclusion
The Doge NFT (DOG) is a unique and notable project that represents the convergence of meme culture, NFTs, and decentralized finance. By fractionalizing the original Doge NFT, it has made a piece of internet history accessible to a global community. The DOG token is a powerful symbol of collective ownership, allowing thousands of people to share in the legacy of a digital icon. While its utility is primarily tied to this specific asset, its existence is a testament to the innovative ways in which blockchain technology can democratize art and culture.
About The Doge NFT (DOG)
| Contract | |
| Website | ownthedoge.com |
| Explorers | Etherscan |
| Community | |
| API idd | the-doge-nft |
The Doge NFT (DOG) USDC (1 DOG) To USD//Coin) Exchange Calculator
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