The Dog Behind the Dogwifhat Meme Coin is Selling Her Photo as an NFT
The purported owner of the dog behind the dogwifhat memecoin is selling a photograph of her as an NFT. The auction is going on for three days, and the NFT currently has a bid of 6.9 ETH, worth $25,000, according to the auction page on Foundation. According to a post on the purported ownerโs Instagram account, it is in partnership with Fiesty DAO.
According to a previous post, the dog used to be called Chi-Chi, but it is now named Achi and it lives in Korea. The purported owner said that they made the pink hat donned in the famous photo of the dog.
The person running the Instagram account where the NFT announcement was made claims to be the dogโs owner but has not provided proof beyond other photos of a similar-looking dog. They have said on Instagram that they will provide evidence via direct message. The Block reached out via DM but has not heard back from the accountโs owner.
The picture of the dog became a memecoin toward the end of last year. Dogwifhat picked up steam in late February and has shot up to a $2.8 billion market cap, now ranking 49th across all cryptocurrencies.
This comes just days after crypto holders raised over $650,000 to put the dogwifhat picture on the Las Vegas sphere.
Hot Take: The Dogwifhat Meme Coin Owner Capitalizes on NFT Craze
The owner of the dog behind the popular dogwifhat meme coin has found a new way to monetize their furry companion by selling her photo as an NFT. With a current bid of 6.9 ETH, equivalent to $25,000, the auction is attracting attention from crypto enthusiasts. However, questions have been raised about the legitimacy of the purported ownerโs claims, as they have not provided concrete evidence beyond other photos of a similar-looking dog.
Despite the lack of proof, the dogwifhat meme coin has gained significant traction in the cryptocurrency market, with a market cap of $2.8 billion and a ranking of 49th among all cryptocurrencies. This sudden surge in popularity has led to a creative fundraising effort, where crypto holders raised over $650,000 to showcase the dogwifhat picture on the Las Vegas sphere.
While NFTs continue to dominate the crypto space, this particular auction serves as an example of how individuals can capitalize on viral trends and turn them into lucrative opportunities. The dogwifhat NFT auction highlights the growing intersection between digital art, memes, and blockchain technology.
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