Billy Markus, Dogecoin creator has updated his “Crappy Dogecoin Doodles” with the addition of a new non-fungible token (NFT) to the collection, this has made the number of his collections five.
Markus revealed the fifth token in the series today, which depicts a scribbled Shiba Inu dog laying in a field. “I attempted to draw the Doge with her paws crossed from memory this week.
This was the end result, according to Markus on Rarible.
Unclaimed Crappy Dogecoin Doodles #4 are all burned, and Crappy Dogecoin Doodles #5 is available! I attempted to draw the doge from memory… This was the result.
Will take requests for future doodles in comments! If I pick your idea I’ll send you one ~ https://t.co/EAKGMfp10f
— Shibetoshi Nakamoto (@BillyM2k) July 12, 2021
Currently, the NFT is being auctioned for 0.069 ETH ($140). Markus will receive only ten percent of the total.
The token will be auctioned in 420 copies until next week’s deadline. Unclaimed drawings from the “Crappy Dogecoin Doodle” series are burnt before each fresh drop to generate scarcity, according to Markus.
This will, presumably, make it easier for initial buyers to resale the NFTs they purchased from Markus.
In June, Markus began publishing “Crappy Dogecoin Doodles.” Though the doodle was intended to be a warm-up for more serious NFTs like Capped Dogecoin, demand exceeded expectations, and the token sold for 1500 times Markus’s asking price.
Markus has so far developed 39 Dogecoin-themed NFTs, some of which have more refined digital artwork than others.
Dogecoin is unable to process NFT tokens because it lacks the necessary infrastructure. Markus’ tokens are thus created on the Ethereum blockchain and traded on Rarible, a popular NFT token exchange.
Markus has also weighed in on the criticisms levelled about NFTs. Recent critics have claimed that NFTs are harmful to the environment. Markus replied that NFTs “merely piggyback” on current blockchains and that NFT transactions produce “barely any additional waste.”
Markus said he’ll keep making Doge-themed NFTs as long as there’s a demand for them in the community.