Shiba Inu NFT Found Buyers for $4M

Shiba Coin

An NFT of the Shiba Inu dog in the logo has been bought for exactly 4 million dollars.

Shiba Inu, the breed of dog in the logo of Dogecoin, which is perhaps the most talked-about cryptocurrency of the bull season in cryptocurrencies, is now known by everyone. This phenomenon, combined with the great interest in NFT, leads to very interesting sales.

Paid 1696 ETH

While many cryptocurrencies similar to Dogecoin reached very high market values, this situation was also reflected in the NFT industry. NFT, with a picture of a Shiba Inu dog, was bought for $4 million. The identity of the recipient was not disclosed, but the Twitter address was stated to be @PleasrDAO. The buyer made the payment in Ethereum and paid 1696 ETH to the NFT holder.

Money Gone Japanese Kindergarten Teacher

The $4 million Ethereums went to Atsuko Sato, a kindergarten teacher in Japan, the owner of the phenomenon dog painting. The Shiba Inu NFT was sold on the auction site Zora, and the sale ended in as little as 3 days.

From Where to Shiba Inu NFT

The fact that the Shiba Inu started to become a phenomenon dates back to 2010, when it started appearing on forums like Reddit and Tumblr. The process, which accelerated with the emergence of Dogecoin in 2013, has reached its peak in this bull season.

Entering the crypto universe as a joke and tip money, Dogecoin began to reach the crowds in 2020 and 2021 with the support of dollar billionaires such as Elon Musk and Mark Cuban. The Dallas Mavericks, an NBA team owned by Cuban, even accept payments with DOGE.

Like Dogecoin, which reached a market cap of $90 billion at some point during the bull season, NFTs started to attract attention again this year. The NFT of Twitter founder Jack Dorsey’s first tweet was sold for $3 million, while NFT artist “Beeple” sold for a record $69 million.

SEE ALSO; 12 Cryptocurrencies Inspired by Dogecoin, Including SHIB

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