Billy Markus, the co-founder and engineer of Dogecoin (DOGE), who also sold off his DOGE stash for the equivalent of a used Honda Civic in 2015, has entered the nonfungible token (NFT) market.
On June 9, Markus unveiled the drop of Doge-based NFTs dubbed “Capped Dogecoin” which he described as “Much cap, very deflation, many tokenomics. Many Available.”
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The NFTs are split into three tiers, and all depict a spinning golden coin, with a picture of the iconic Shiba Inu in a Dogecoin baseball cap — with the upper two-tiered NFTs having more detail such as a colored cap, an outer space background or a shiner polish to the coin.
Tier-one is an open edition of 420 copies and can be purchased on Rarible for 0.081 wrapped Ether (wETH) worth $208.52 at current prices.
Tier-two is already sold out on Rarible, and had three copies which sold for 0.8 Ether (ETH) each worth around $2,063.
The third tier consisted of a one-of-one which sold for 1.5 ETH worth $3,866 on Foundation earlier today, with Foundation user “swaggmire” purchasing the rights to the NFT.
Interestingly, “swaggmire” went on to re-list the NFT for 420.69 ETH worth around $1 million, however that appeared to be in jest, as they promptly changing the price to 6 ETH worth roughly $15,500.
Paris Hilton becomes an NFT advisor
While other celebrities have since left the NFT space following a cooldown of prices in the market, billionaire and self-described “boss girl” Paris Hilton is doubling down.
According to a June 8 Medium blog post from Origin — Paris Hilton has joined the team as an investor and an advisor, with the firm seeking her out to provide expertise on how to cater to the upper echelons of society.
“As an investor and advisor, Paris will provide strategic advice on how to most effectively deliver value with NFTs for top-tier creators like celebrities, influencers, and brands.” the blog post read.
Origin is an Ethereum-based protocol that helps buyers and sellers transact in a decentralized environment.
According to the firm’s website, the project wants to bring “NFTs and DeFi to the masses” by enabling users to host NFT sales on their own domains, and also by offering yielding returns along with its governance token, and OUSD stablecoin.
Guild of Guardians
A new mobile-based NFT game called Guild of Guardians has completed the first wave of its "Founder’s NFT sale," raising $3 million in sales, according to an announcement shared with Cointelegraph.
The sale was for a collection of usable and “playable” NFTs that will be introduced into the game, with prices ranging from $200 to $100,000.
Philippines-based crypto gaming collective Yield Guide Games purchased one of the 10 “mythic guild” NFT worth $100,000. The mythic guild NFT allows up to 50 players to enter the game and provides the guild owner a 10% cut of earnings from guild crafting in the game.
“The community response has been incredible. Over 50% of all sales came via referrals — indicating that the community was sharing with each other, and there is a real 'share-to-earn' aspect in place," said Derek Lau, Game lead for Guild of Guardians.
The game follows the play to earn model, however, Lau also expressed the importance of developing a game that is fun to play and not just about the monetary rewards:
“Rather than 'play-to-earn,' we want to instill the idea of 'play-and-earn' — ensuring that players are not just playing to make money alone, but playing for fun and great gameplay as well," Lau said
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