The iconic photo of “Kabosu,” a dog that belongs to the Japanese hunting dog breed ‘Shiba Inu’ and became the face of Dogecoin cryptocurrency has now been auctioned off as an NFT or non-fungible token for $4 million, making it the most expensive meme NFT of all time.
Japanese kindergarten teacher Atsuko Sato who took a series of photos of her rescue-adopted Shiba Inu and posted it onto her personal blog in 2010 is now auctioning off the photos converting them into NFTs. While the NFT photo of her dog which became the face Dogecoin sold for $4 million, the auction for seven other NFT images is still ongoing.
“After sharing it to her personal blog alongside the series of other famous images under the title ‘Taking a walk with Kabosu-chan,’ these photos went on to kickstart the Doge meme and have circulated the web ever since,” the online NFT auction site Zora said.
Won at 1.696.9 ETH ($4.06 million)‼️
— ZORA ☼☽ (@ourZORA) June 11, 2021
The Doge meme was one of the most popular memes of 2013 and went on to become the face of Dogecoin which was founded the same year. Dogecoin which was started as a joke surrounding the early speculation of cryptocurrencies now has a market capitalization (value of a company that is traded on the stock market) over $40 billion. Even SpaceX and Tesla CEO have expressed support to Dogecoin calling himself “Dogefather.”
Doge Barking at the Moon pic.twitter.com/QFB81D7zOL
— Elon Musk (@elonmusk) April 15, 2021
Canada-based Geometric Energy Corporation in May announced a DOGE-1 Mission to the Moon which will be the first-ever commercial lunar payload in history paid entirely with DOGE onboard a SpaceX Falcon 9 rocket in 2022 to encourage adoption of cryptocurrency in future space exploration projects.
“We’re so happy to be a part of this milestone in internet history. If any meme deserved to be the new meme NFT record holder, it’s Doge,” said Don Caldwell, editor-in-chief of the internet meme database Know Your Meme told NBC. The database certified that the Doge image which was being auctioned was sold by its rightful owner.
Doge meme has managed to beat ‘Charlie bit my finger’ NFT which until Friday was the biggest sales of an internet meme after selling for $760,999. It was followed by the ‘Nyan Cat’ meme that sold for around $590,000, the ‘Disaster Girl’ meme which sold for around $500,000, and the ‘Overly Attached Girlfriend’ meme selling for $411,000.