fbpx
QQQ
+ 0.61
346.96
+ 0.18%
DIA
-0.25
339.70
-0.07%
SPY
+ 0.18
422.94
+ 0.04%
TLT
-0.66
144.30
-0.46%
GLD
+ 0.99
165.26
+ 0.6%

Dogecoin And Bitcoin Become Real Stars Auctioned As NFTs

May 7, 2021 11:52 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Dogecoin And Bitcoin Become Real Stars Auctioned As NFTs

Two stars have been officially named after the cryptocurrencies Dogecoin (CRYPTO: DOGE) and Bitcoin (CRYPTO: BTC), the certificates to which are being auctioned as non-fungible tokens (NFTs).

What Happened: NFT creator PastTheMoonAndNamed listed the tokens representing the Dogecoin and Bitcoin stars on the OpenSea auctioning platform with a starting price of 100 Ethereum (CRYPTO: ETH) — equivalent to about $348,000 as of press time. 

"Forget all of the "virtual" make-believe NFT worlds…. Own the name and rights to the first, real-life, crypto named, NFT astronomical objects," acccording to the announcement.

The names are permanently filed in The Registry’s vault in Switzerland and recorded in a book that will be registered in the Copyright Office of the United States of America.

Included with the NFTs are a full-color parchment certificate with the star name and other data, a sky chart containing the star name, star date, the constellation and the location circled in red where the star is in the sky, a booklet on astronomy with additional charts and a letter.

See also: Amid Dogecoin Hype, Elon Musk Warns On Investing With 'Caution' In Cryptocurrencies

NFTs are different from normal tokens because there are unique. This feature — which can be defined as a lack of fungibility — makes those tokens the best choice when digitizing physical goods, as each token can be linked to a physical object even when released in series.

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.


Related Articles

Israel's Central Bank Experiments With Ethereum-Based Digital Currency

The Bank of Israel is experimenting with Ethereum (CRYPTO: ETH) technology as a substrate for its central bank digital currency (CBDC). read more

Famed Short Seller Says Bitcoin Hasn't Bottomed Until Dogecoin Slips Below 1 Cent

Famed short seller John Hempton believes that Bitcoin (CRYPTO: BTC) has not bottomed until the price of meme cryptocurrency Dogecoin (CRYPTO:DOGE) falls to below 1 cent. read more

Litecoin Completes Integration Into Wanchain's Fully Decentralized Cross-Chain Infrastructure

Interoperability between different blockchains and their ecosystems has been one of the primary pursuits of the crypto industry for some time now. read more

Analysis Of The Potential Of Blockchain To Complement The Healthcare Sector Of The Economy

Blockchain technology has massive applications in almost every industry out there, and while some have accepted it with open arms, others are a bit more reserved and skeptical. Take healthcare as an example. read more