The NFT image of Kabosu, the Shiba Inu dog we see on dogecoin, has now been successfully sold for $4 million and made a record as the most expensive NFT ever purchased.
According to the auction site Zora, Kabosu’s image was purchased for 1,696.9 ethereum by a buyer with the pseudonym @pleasadro.
The sale was spearheaded by Atsuko Sato, the official meme image owner, and the auction ran for roughly three days before being sold.
The meme’s price has shot up mainly because of the rivalry between the top bidders at that time, @twodollahotdoge and @pleasrdao.
But in the end, it was @pleasadro who was declared as the official owner of the NFT meme.
Indeed, the meme of the excited Shiba Inu dog has gone a long way since being brought to the world to serve as a joke.
The meme has previously snatched another international recognition as the ‘Meme of the Decade’ award last December 2019.
The award was given by ‘Know Your Meme’, a website dedicated to documenting Internet phenomena, viral videos, catchphrases, and other trends on the web.
Don Caldwell, editor-in-chief of Know Your Meme said: “We’re so happy to be part of this milestone in internet history. If any meme deserved to be the new mem NFT record holder, it’s Doge.”
History of the Doge image
In 2010, Sato posted an image of her Shiba Inu dog, Kabosu, on her personal blog just for the sole purpose of updating it, and unexpectedly became popular.
The term “Doge” was coined by a Reddit user which then became the unofficial name of the popular Shiba Inu dog.
Image courtesy of Cointelegraph News/YouTube