What is Dogecoin and How to Buy It in India: Complete Process and Explanation – Lokmat.com
Dogecoin and NFTs (non-fungible tokens) are two types of digital assets that have recently gained popularity in the crypto and art world, respectively. Dogecoin, a meme-based cryptocurrency that started as a joke, has seen a surge in interest and value thanks to endorsements from high-profile individuals like Elon Musk and Mark Cuban. NFTs, on the other hand, are unique digital tokens that represent ownership of a specific piece of art or other creative content.
Dogecoin was created in 2013 as a parody of Bitcoin, featuring the Shiba Inu dog from the “Doge” meme as its mascot. It remained a relatively obscure cryptocurrency for several years, but gained attention in early 2021 as high-profile individuals like Elon Musk and Mark Cuban tweeted about it. It reached an all-time high of nearly $0.70 in May 2021, but has since fallen to around $0.20 as of July 2021.
NFTs, which have been around since around 2017, have also seen a surge in interest and value in 2021. They are unique digital tokens that represent ownership of a specific piece of art or other creative content, such as a tweet or a video clip. The rise of NFTs has been fueled in part by a boom in digital art and music, as well as the ability of NFTs to provide a way for creators to monetize their work directly.
While there are some similarities between Dogecoin and NFTs (both are digital assets that have seen a surge in interest and value in 2021), they are fundamentally different in nature. Dogecoin is a cryptocurrency that can be bought and sold like any other currency, while NFTs represent ownership of a specific piece of creative content. Both Dogecoin and NFTs are still relatively new and somewhat unpredictable, but they have captured the attention of the crypto and art worlds for their potential to disrupt traditional systems of value and ownership.