Billy Marcus, co-founder of Dogecoin (DOGE), is looking at unreasonable tokens (NFTs) and an Ethereum-to-Dogecoin bridge to make meme coins widely accepted.
Marcus in a September 30 tweet Emphasis The importance of the completion of the Ethereum-Dogecoin bridge so that the asset can be integrated with top Ethereum-based NFT platforms such as Opensia, enables non-fungal purchases with DOGE.
Marcus said there is a “high demand” for NFT purchases in the crypto community, and that enabling NFT purchases with Doug “greatly enhances its usefulness.”
Implementing DOGE in the NFT ecosystem will be a huge benefit to the community!
– Mr. Whale (ry cryptowell) September 29, 2021
The developing DOGE-ETH bridge will enable users to send DOGE from the Dogecoin blockchain to the Ethereum blockchain and transact with assets in sectors such as Decentralized Money (DeFi) and NFT through the ERC-20 DOGE Token Agreement.
The bridge will provide additional utility for DOGE, as it can provide a fun alternative to ether that dominates NFT payments, and increases the volume and use of transactions by performing various DFI protocols on ethernet.
In a June 4 interview with podcaster Lex Friedman, Ethereum co-founder and doggie investor Vitalik Butarin also highlighted the bright prospects the Ethereum-bridge could have for Dogg, noting:
“If DOGE wants to somehow bridge the aetherium, and then people can trade DOGE a thousand times a second inside the loop ring, that would be amazing.”
On Marcus’ Twitter thread, he was asked if work on the bridge was underway, and replied that “people are working on the Dog-Eth Bridge, yes,” without naming names.
Organizations like DogeLabs-Developers Collaboration based on the Dogecoin chain announced on June 18 that it was exploring the idea of building a Doge-ETH bridge that would enable huddlers to use resources in Ethereum-based DeFi stacking.
Doglabs added that it was looking at developing a DOGE burn wallet where developers could “send a small portion of the dog into a public burn wallet to help create a deflationary mode around the rise of DOGE inflation.”
Marcus retired from working at Dogcoin in 2015 বিক্রি selling his stash for the equivalent of a used Honda Civic তবে but is a member of the advisory board of the co-founder Dougcoin Foundation, which was re-established in August. Buterin is also a member of the advisory board.
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The nonprofit Foundation supports and supports the development of Dogecoin, as well as protects its trademark from copycat choices like Dogecoin 2.0.
Cointelegraph reported Sept. 2 that the Dogecoin Foundation has demanded the renaming of the “Dogecoin 2.0” project and has hired brand protection attorneys to communicate with knock-off developers to protect the Dogecoin community from confusion and to protect the Dogecoin name. Potential Abuse. “