$4 Million Worth Doge Meme NFT to Be Sold for Less Than $1 Per Fraction

The original Doge Meme, depicting the Kabosu Shiba Inu dog, has been sold for $4 million as an NFT and can now be bought at less than $1 per piece

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PleasrDAO, the company that acquired the Doge meme as an NFT, is selling partial ownership of it for less than $1 per fraction starting today, Sept. 1, as reported by CNBC.

PleasrDAO selling Doge meme as billions of ERC-20 tokens

The Dogecoin meme that features the Kabosu Shiba Inu dog, which inspired the creation of Dogecoin and the current hot trend associated with it, was sold for a staggering $4 million by PleasrDAO in June this year as a non-fungible token (NFT).

Now, the company has turned the NFT into billions of ERC-20 tokens via the platform and is selling these fractions for less than $1 each. These Ethereum-based tokens are called DOG and anyone can buy as many of them as they wish or can afford to. However, the CNBC article states that the majority of these tokens will still belong to PleasrDAO.

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Another platform on which these DOG tokens are available is the Miso DEX (decentralized exchange).

Fractional ownership of iconic art pieces

Jamis Johnson, the “chief pleasing officer” at PleasrDAO, has compared the fractionalizing of this NFT to selling the Mona Lisa in digital pieces to different owners.

By purchasing fractions of a high-cost NFT, users can get themselves a tiny part of an expensive and popular, possibly even iconic, piece of art or asset.

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Yuri Molchan

Yuri entered the crypto sphere at the BTC price peak in 2017, quickly turning into a crypto enthusiast. He has written for several media, covering everything from TA to ICOs and crypto regulations. Presently is a news writer, working with crypto and blockchain-related topics.