Dogecoin Co-Founder Says Here's What Needs To Happen To Boost The Crypto's Utility

Dogecoin Co-Founder Says Here's What Needs To Happen To Boost The Crypto's Utility

Dogecoin DOGE/USD co-creator Billy Markus advocated for the completion of the Dogecoin-Ethereum ETH/USD bridge.

What Happened: Markus said on Twitter Thursday that there are two things he believes that would help DOGE. 

See Also: How To Buy Dogecoin (DOGE)

One is the completion of the DOGE-ETH bridge and the other is for non fungible token platforms like OpenSea allowing for the DOGE-ETH token to be used for purchases.

“NFTs purchasing is high demand with crypto. Allowing for DOGE purchases of NFTs greatly increases its utility,” wrote Markus. 

Why It Matters: Markus is an advisor for the Dogecoin Foundation along with Ethereum co-creator Vitalik Buterin. 

See Also: 'The Sims' Developer Jumps Aboard NFT Bandwagon As Ethereum-Based Axie Infinity Sees Great Success This Year

Earlier in the year, Buterin said that he loves DOGE and suggested a bridge between DOGE and ETH in order to ramp up the transaction speed of the former.

Tesla Inc TSLA CEO Elon Musk has also voiced his support for the bridge between the two cryptocurrencies.

Oscar Guindzberg, a developer involved in the bridge project, told Benzinga that the released date is “yet not established.” A working prototype is in progress, as per Guindzberg.

Price Action: At press time, over 24 hours, DOGE traded 1.16% higher at $0.20 while ETH traded 2.06% higher at $3,022.05.

Read Next: EXCLUSIVE: Matt Wallace Says His NFT Project DogeX Will Deepen Ties Between Dogecoin And Ethereum

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