cryptonews: Why is the Doge Couch being auctioned for Ether and not Dogecoin? 🧐
in 2021. $DOGE is now a top 10 cryptocurrency with a market capitalization that's currently a bit more than $12 billion.How did PleasrDAO get its hands on the original couch, and how do we know it's authentic even though it was reupholstered from yellow to gray at some point?
Well, there's a couple of good answers, one being that Kabosu and her owner, Atsuko Sato, will be on hand during the livestreamed, 24-hour-long auction for a Q&A. But a better answer is that PleasrDAO bought the original Doge meme photo — minted into a one-off NFT — at auction in 2021, paying 1,696.9 ETH, then about $4 million.What PleasrDAO is selling is an NFT of the couch that comes with the right to the actual couch into 16.96 billion $DOG tokens, with various perks, with 20% of the total supply selling for 11,000 ETH — $45 million. Making the original Doge NFT worth a very theoretical $225 million.
Sadly, it seems Kabosu won't be needing her couch for much longer. Already 17 — two years past a Shiba Inu's average lifespan — it was reported in outlets ranging from the Washington Post to the U.K.'s Daily Mail on Dec. 28 that 17-year-old Kabosu was very sick with leukemia.Related Articles
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