• Latest
  • Trending
Dogecoin Creator Backs Ethereum, NFT Compatibility

Dogecoin Creator Backs Ethereum, NFT Compatibility

September 30, 2021
Here’s how pro traders could use Bitcoin options to buy the $20K BTC dip

Here’s how pro traders could use Bitcoin options to buy the $20K BTC dip

June 25, 2022
What is StrongBlock (STRONG) and how does it work?

What is StrongBlock (STRONG) and how does it work?

June 25, 2022
Best Crypto Casinos 2022 | Bitcoinist.com

Best Crypto Casinos 2022 | Bitcoinist.com

June 25, 2022
Avalanche (AVAX), Chainlink (LINK) and Chronoly (CRNO)

Avalanche (AVAX), Chainlink (LINK) and Chronoly (CRNO)

June 25, 2022
Ripple to Pak Rupee on February 03, 2022

Ripple to Pak Rupee on June 25, 2022

June 25, 2022
Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, and Dogecoin? – BOL News

Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, and Dogecoin? – BOL News

June 25, 2022
MATIC Rallies Towards $1 After 45% Rise, Ethereum Rises by 16.29%

MATIC Rallies Towards $1 After 45% Rise, Ethereum Rises by 16.29%

June 25, 2022
Cryptocurrency exchange bitpanda laid off hundreds of employees

Cryptocurrency exchange bitpanda laid off hundreds of employees

June 25, 2022
Guide: How to Buy a House Using Bitcoin!

Guide: How to Buy a House Using Bitcoin!

June 25, 2022
Saddle․Finance Creates New Standards for DeFi Trading – Sponsored Bitcoin News

Saddle․Finance Creates New Standards for DeFi Trading – Sponsored Bitcoin News

June 25, 2022
Jumpstarting Blockchain Adoption Through Education

Jumpstarting Blockchain Adoption Through Education

June 25, 2022
Moving a Business to Malta from the USA

Moving a Business to Malta from the USA

June 25, 2022
OOF CRYPTO
  • Home
  • Bitcoin
  • Ethereum
  • Solana
  • Altcoins
  • Market & Analysis
  • ICO
OOF CRYPTO
No Result
View All Result

Dogecoin Creator Backs Ethereum, NFT Compatibility

by oof_pj
September 30, 2021
in Ethereum
0


Key Takeaways

  • Dogecoin co-founder Billy Markus thinks {that a} Dogecoin-Ethereum bridge and help for DOGE as an NFT cost adoption would assist Dogecoin.
  • Markus argued that interoperability with Ethereum and NFTs would improve DOGE’s utility.
  • Whereas Markus continues to be supportive of Dogecoin regardless of his lack of involvement within the venture, the crypto’s different co-founder, Jackson Palmer, is much less enthusiastic.

Share this text

Markus says that the updates would enhance adoption.

Dogecoin Co-Founder Pushes DOGE-ETH Bridge 

Billy Markus thinks that Dogecoin may benefit from changing into extra appropriate with the Ethereum ecosystem. 

The meme foreign money co-founder, who operates underneath the pseudonym Shibetoshi Nakamoto on Twitter, posted a tweet at the moment outlining two proposals for the venture. He wrote: 

“Two issues I imagine would assist Dogecoin: 1) Completion of DOGE-ETH bridge 2) NFT platforms (e.g. Opensea) permitting for the DOGE-ETH token for use for purchases.” 

Two issues I imagine would assist Dogecoin:

1) Completion of DOGE-ETH bridge
2) NFT platforms (e.g. Opensea) permitting for the DOGE-ETH token for use for purchases

NFTs buying is excessive demand with crypto. Permitting for DOGE purchases of NFTs significantly will increase its utility.

— Shibetoshi Nakamoto (@BillyM2k) September 29, 2021

Markus added that utilizing DOGE as a foreign money for NFTs “significantly will increase its utility.” Presently, the overwhelming majority of NFTs are purchased utilizing Ethereum’s native asset, ETH. The completion of the DOGE-ETH bridge would enable for higher compatibility and interoperability with the Ethereum ecosystem, one thing many different Layer 1 blockchains resembling Avalanche and Fantom have targeted on. 

NFTs, in any other case generally known as non-fungible tokens, have exploded in reputation this 12 months. In current weeks, the NFT market has seen wild value hypothesis amid a increase in tokenized animal avatars, generative artwork, pictures, and extra in what crypto fans have dubbed “NFT summer.”

SIMETRI Research
Sanctor Turbo Demo Day

Whereas ETH is the reserve asset of alternative for NFTs minted on Ethereum, different Layer 1 cash like SOL and FTM have been adopted as cost choices as their NFT ecosystems have grown. Dogecoin is one other Layer 1 blockchain, and DOGE’s reputation as a cost possibility may make it a becoming asset for NFT purchases. 

The most recent replace comes 9 days after AMC CEO Adam Aron asked his Twitter followers whether or not his agency ought to settle for DOGE as cost along with Bitcoin, Ethereum, Litecoin, and Bitcoin Money. Respondents overwhelmingly voted in favor of the replace. Dogecoin is understood for its passionate group. The asset nonetheless has a big following of supporters regardless of its current weak price action (DOGE is presently 71% off its all-time excessive recorded in Could). 

Whereas Markus is now not concerned with Dogecoin, he ceaselessly shares his options and hopes for the way forward for the venture. In the meantime, Dogecoin’s different co-founder, Jackson Palmer, has distanced himself from the whole cryptocurrency house, recently dismissing the know-how as an “inherently right-wing, hyper-capitalistic” house managed by a “highly effective cartel of rich figures.” 

Disclosure: On the time of writing, the writer of this characteristic owned ETH and several other different cryptocurrencies. 

Share this text

The data on or accessed via this web site is obtained from unbiased sources we imagine to be correct and dependable, however Decentral Media, Inc. makes no illustration or guarantee as to the timeliness, completeness, or accuracy of any info on or accessed via this web site. Decentral Media, Inc. just isn’t an funding advisor. We don’t give personalised funding recommendation or different monetary recommendation. The data on this web site is topic to alter with out discover. Some or the entire info on this web site could change into outdated, or it might be or change into incomplete or inaccurate. We could, however should not obligated to, replace any outdated, incomplete, or inaccurate info.

It’s best to by no means make an funding choice on an ICO, IEO, or different funding primarily based on the knowledge on this web site, and you must by no means interpret or in any other case depend on any of the knowledge on this web site as funding recommendation. We strongly advocate that you simply seek the advice of a licensed funding advisor or different certified monetary skilled in case you are looking for funding recommendation on an ICO, IEO, or different funding. We don’t settle for compensation in any kind for analyzing or reporting on any ICO, IEO, cryptocurrency, foreign money, tokenized gross sales, securities, or commodities.

See full terms and conditions.

Coinbase CEO Tells Dogecoin Creator Bitcoin Made “Many People Wealth…

Coinbase CEO Brian Armstrong has responded to Dogecoin creator Jackson Palmer’s recent slam on the cryptocurrency space. Coinbase CEO Defends Crypto Questions over the ideology of cryptocurrencies have sparked debate…

Dogecoin, Shiba Inu at Risk of Steep Correction

Dogecoin and Shiba Inu have lost the crowd support that allowed them to skyrocket to new all-time highs. Until retail interest is back, both assets could suffer further losses.  Dog…

AMC Is Considering Dogecoin Alongside Other Cryptos

Adam Aron, CEO of AMC Entertainment, polled his Twitter audience today on the possibility of accepting Dogecoin. More Than 80% of Respondents Support Dogecoin Aron posted this message on his…

How to Trade Using the Inverse Head and Shoulders Pattern

In stock or cryptocurrency trading, you may have heard of the term “inverse head and shoulders.” Also known as the “head and shoulders bottom” formation, the inverse head and shoulders chart pattern can…





Source link

YOU MAY ALSO LIKE

What is StrongBlock (STRONG) and how does it work?

Lido community debates limiting staked Ethereum as centralization concerns grow

Tags: BacksCompatibilityCreatorDogecoinEthereumNFT
ShareTweetPin

Search

No Result
View All Result

Recent News

Here’s how pro traders could use Bitcoin options to buy the $20K BTC dip

Here’s how pro traders could use Bitcoin options to buy the $20K BTC dip

June 25, 2022
What is StrongBlock (STRONG) and how does it work?

What is StrongBlock (STRONG) and how does it work?

June 25, 2022
Best Crypto Casinos 2022 | Bitcoinist.com

Best Crypto Casinos 2022 | Bitcoinist.com

June 25, 2022

Recent News

  • Here’s how pro traders could use Bitcoin options to buy the $20K BTC dip
  • What is StrongBlock (STRONG) and how does it work?
  • Best Crypto Casinos 2022 | Bitcoinist.com

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Chainlink
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Rippl
  • Videos

Follow Us

Find Via Tags

Altcoin Altcoins analysis Analyst Bitcoin blockchain BTC Buy Cardano Chainlink coin Crypto Cryptocurrencies Cryptocurrency DeFi Digital DOGE Dogecoin ETH Ethereum exchange Heres Inu Investors launches link Litecoin LTC Market Markets metaverse news NFT NFTs Price Prices rally Ripple Ripples Shiba Solana Today token Top XRP
  • Privacy & Policy
  • About Us

© 2021 oof Crypto

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Solana
  • Altcoins
  • Market & Analysis
  • ICO

© 2021 oof Crypto