A new series of non-fungible tokens (NFTs) has emerged in the cryptocurrency space, dedicated to Tesla CEO Elon Musk. The name of this NFT series is “Dogs of Alone” (DOE). A total of 10,000 unique dog-inspired NFTs are part of this series which has multiple “K-9” options for users to choose from. A website with detailed information on this NFT series has also been made live online.
An announcement from this Musk-dedicated chain inviting Dogecoin supporters like Doge to mint NFTs has also made its way to Twitter. NFTs or non-fungible tokens are virtual collectibles that can be purchased using cryptocurrencies.
After more than a few months of preparation, it’s time to announce our project. ????
Join the Mint n NFT (Dogs of Alone) and $DOE Pre-Sale! Our website is live!????
— Elon’s Dogs (@dogsofelon) October 19, 2021
Responding to a comment on the update, Dogs of Elone’s Twitter handle wrote, “You can now Mint NFT and join the pre-sale on our website!”
The NFT series will also include special sub-collections that include DOE NFTs of 30 unique Elons and 70 Zombie Dogs.
“As a celebration of the strongest communities in crypto, DOE NFTs can be staked for short periods to earn $renDOGE and $SHIBA, $DOE. Each deposited NFT is equal to one share in this limited time pool Will happen,” the website explained.
Each participating address will be allowed to claim only 20 out of 10,000 DoE NFTs to ensure a level playing field and reward opportunity.
While the development has been doing the rounds for a few days now, Tesla’s millionaire CEO is yet to react on it.
Many Dogecoin imitators like Shiba Inu, Kishu Inu and others have seen popularity in recent times. The values of these dog-based coins are not fiddly, making them easy for small investors to purchase.
Dogecoin is the most popular memecoin and although the cryptocurrency started as a joke in 2013, its growth in the US has been manifold in recent years.
A recent study conducted in 22 countries by an Australian Cryptocurrency Survey Agency found that the adoption rate of Dogecoin (DOGE) in the US exceeds that of bitcoin and ether—to a point where its adoption is nearly twice the global average.