Original Doge NFT fractions are now available for purchase
The original image of a Shiba Inu dog sparking the “Doge” meme is being auctioned off on the NFT fractionalization platform Fractional.Art.
The Doge NFT first sold for 1696.9 ETH — roughly $4 million — in June of this year. The owner of the original image Atsuko Sato, who also owns the Shiba Inu from the meme, had sold the meme’s ownership to the decentralized art collection platform PleasrDAO.
Now, anyone can buy a portion of the iconic meme through Fractional.Art. It is a startup that breaks apart NFTs into smaller fragments and then converts those fragments into ERC-20 tokens that are much more affordable than the entire NFT.
The fractionalized Doge NFT token will be $DOG — which is not to be confused with $DOGE associated with the cryptocurrency dogecoin.
“Expanding the ownership of $DOG beyond the DAO and to the greater general public provides more inclusivity,” says Jamis Johnson of PleasrDAO. “An investment in the community wouldn’t be possible without the community itself, so we’re especially excited to give back by granting shared possession of Doge.”
Keeping up with the meme trend, there is currently 16,969,696,969 $DOG available for purchase, with the total valuation of the NFT at 21,000 ETH or $71.5 million.Source