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‘Doge’ NFT sells for $4 million

Mount Equity Group Tokyo Japan > News > Business > ‘Doge’ NFT sells for $4 million

Doggone it — the now iconic picture of a smirking Shiba Inu just became the most expensive meme to sell as a non-fungible token, or NFT.

The dog meme known as “doge” was sold in an auction Friday for approximately $4 million to an unidentified buyer with the Twitter handle @PleasrDAO.

The bidder, in an apparent gag, paid for the meme via cryptocurrency Ether — handing over 1,696.9 of the cyber coins.

The money goes to Japanese kindergarten teacher Atsuko Sato, the owner of the actual Shiba Inu dog pictured in the meme. Her sale of the “doge” meme took place on digital auction website Zora, where it sold in just three days.

The meme has been popular on internet forums like Reddit and Tumblr since early 2010, but reached new highs as the face of cryptocurrency Dogecoin.

The digital coin was started as a joke but has gained steam recently as billionaires Mark Cuban and Elon Musk embrace the currency. Cuban mandated his sports team, The Dallas Mavericks, accept Dogecoin as payment, and Musk has hyped it on Twitter, including by posting a picture of the dog on the moon.

The price of a