Iconic Dogecoin Dog Meme To Be Auctioned Off As NFT

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  • NBC News published this video item, entitled “Iconic Dogecoin Dog Meme To Be Auctioned Off As NFT” – below is their description.

    The iconic meme of an excited shiba inu dog that inspired the creation of cryptocurrency Dogecoin is set to be auctioned off as a non-fungible token and could fetch thousands of dollars for charity. NBC News’ Kalhan Rosenblatt breaks down why the meme is being auctioned and whether other meme-makers could turn their creations into NFTs. 

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    In This Story: Cryptocurrency

    A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

    Bitcoin is the first decentralized cryptocurrency. Since the release of bitcoin, other cryptocurrencies have been created.

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  • In This Story: Dogecoin

    Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. Despite its satirical nature, some consider it a legitimate investment prospect.

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