The first-ever NFT is released on the Dogecoin blockchain

However, the value of the asset did not react to the news in any way

16.12.2021 - 14:10

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2 min

What’s new? One of the Dogecoin crypto asset development team, known under the pseudonym inevitable360, announced the release of the first-ever non-fungible token (NFT) on the altcoin blockchain. The relevant post appeared on his Twitter account.

First NFT Ever "Minted" on #Dogecoin Blockchain!How can it be done? Proof on scrrens!Dogecoin NFT "Minted" Transaction: 19aeaa88859c04a333257f1119a77438ac08feec424c6ad3645a0679c8be9882@dogecoin_devs @JRossNicoll @KBluezr @michilumin @BillyM2k @mishaboar Opinions please :) pic.twitter.com/XXrjdCXjB6— inevitable360 (@inevitable360) December 13, 2021

What are the advantages of an NFT on the Dogecoin blockchain? To create the NFT, the developer used the SHA-256 hash function and the transaction fee was 0,1 DOGE ($0,0018). Meanwhile, on the top-tier blockchains, such as Ethereum, the commissions amount to hundreds of dollars. One of the creators of Dogecoin, Billy Markus, commented on the publication, expressing support for the developer and clarifying points about the technical implementation of NFT.

. As of December 16, it has a value of $0,18, and its capitalization is $ 23,3 billion.

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