Dogecoin Mints Its First-Ever NFT On The Blockchain: Report

Dogecoin mints its first-ever NFT on the blockchain as one of the most recognizable names in the crypto space so let’s read more in today’s Dogecoin news.

The project started moving forward in recent times with even more use cases as a developer just added NFT minting capabilities to the list. It is a huge leap from being a joke project to being one of the biggest players in space. The developer that goes under the name Inevitable360 became the first person to mint an NFT on the Dogecoin blockchain as he posted a screenshot on Monday to prove it. The developer made a huge splash with the tweet after proving that it was possible to mint NFTs on the blockchain that it’s not a smart contracts platform.

First NFT Ever "Minted" on #Dogecoin Blockchain!

How can it be done? Proof on scrrens!

Dogecoin NFT "Minted" Transaction: 19aeaa88859c04a333257f1119a77438ac08feec424c6ad3645a0679c8be9882@dogecoin_devs @JRossNicoll @KBluezr @michilumin @BillyM2k @mishaboar

Opinions please 🙂 pic.twitter.com/XXrjdCXjB6

— Paulo Vidal (@inevitable360) December 13, 2021

The transaction cost about 0.1 DOGE to carry out which is a small fee compared to the cost of minting NFTs on other blockchains. The developer said that they are waiting for a Dogecoin Core developer to confirm that they actually did everything right. Being able to mint NFTs on the blockchain like the Dogecoin blockchain will e a game-changer as it will be dramatically cheaper to transact in DOGE. Dogecoin’s millions of supporters will have more use cases to work rather than just holding DOGE and carrying out transactions with it. The digital asset almost shed its reputation of being just the joke currency. Dogecoin mints its first-ever NFT and it is moving towards becoming a major player in the space when it comes to utility.

Tesla is among the latest companies that consider adding payments in Doge after a recent announcement from CEO Elon Musk who said that his company will start accepting the digital asset for merch. Musk has always been a vocal supporter of DOGE as one he singlehandedly caused the price of the token to surge after tweeting about it. This time it was no different when Tesla announced it will accept DOGE payments and it sent the DOGE price surging 30% higher. Tesla customers will be able to purchase things such as miniature Tesla vehicles, T-shirts, and more. This has been a long-time coming as the CEO initially shared this idea of accepting DOGE payments back in May. The focus was on accepting DOGE for the electric vehicles but now it will focus on the merchandise only.