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You can now mint NFTs on the Dogecoin blockchain

 


Dogecoin has made great strides in minting the very first NFT on the blockchain.

Dogecoin has made remarkable strides in coining the very first NFT on the blockchain. On Twitter, a DOGE developer named inevitable360 announced the creation of the first NFT on the Dogecoin blockchain and posted the transaction in which he did so.

The transaction only cost 0.1 doge to run, an incredibly small fee compared to the cost of minting NFTs on other blockchains. The developer added that they are waiting for the Dogecoin Core developers to confirm that what they posted actually works.

While it is the first NFT to be minted on the Dogecoin blockchain, the efficiency of the transaction could make it a profitable venture. One of the developers on the project, Michi Lumin, said:

“Are you thinking of making a utility or something so that normal people can do that? I think you should ... or put it in something so people can build websites around it. "

While any usage or ownership transfer functionality appears to be still in development, the community's response has been largely positive, with a general consensus that Dogecoin's low fees for minting the NFTs could mark a tipping point in this area.

2022 will be an interesting year for Dogecoin, which according to CoinMarketCap currently ranks 10th among the largest cryptocurrencies. The fanfare of the first NFT could mean a more permanent commitment in this area.

Tesla is the last company to accept payments in Doge after CEO Elon Musk recently announced that the automaker will start accepting the digital asset for goods.

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