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Fractionalized Doge NFT valued at $225 million after SushiSwap auction
The original Doge meme image became one of the highest valued NFTs after its owner broke it into tokenized shares and auctioned a portion of those shares off using SushiSwap. Decentralized art collection platform PleasrDAO, which owns the image, recently used a platform called Fractional.art to tokenize 16,969,696,969 shares of the NFT. This week PleasrDAO auctioned off 20% of these “$DOG” ERC-20 tokens using SushiSwap's token sale platform, MISO. The auction raised 11,942 WETH (around $45 million) from 1,796 buyers. The price of a $DOG token on MISO is now 0.0000035186 WETH, or 0.013 USD. Given the number of ... (full story)
