Photo of a dog wearing a hat sells as an NFT for over $4 million
Mar 19, 2024
Alex Baker
Alex Baker is a portrait and lifestyle driven photographer based in Valencia, Spain. She works on a range of projects from commercial to fine art and has had work featured in publications such as The Daily Mail, Conde Nast Traveller and El Mundo, and has exhibited work across Europe
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A photo of Achi, a dog in a hat that became a popular meme, has just sold as an NFT for a staggering $4.3 million. The NFT of the ‘Dogwifhat’ meme was sold to a bidder who goes by the name of GiganticRebirth.
The doggy’s human mum and dad, who are based in South Korea, will get to pocket the equivalent of $4.1 million dollars in Ethereum.
The bidding war took around one hour to go from an opening amount of 0.15 Ethereum to the eventual 1,210 Ethereum. The final amount managed to just surpass the record for the highest selling meme NFT. The previous record was held by the original Doge NFT, which sold in 2021 for $4.234 million.
This is an interesting turn of events, considering that the general NFT bubble has most definitely burst. In 2022 NFT sales dropped by 97%.
Still, it seems that cute dogs in knit hats can still muster up some big sales in the crypto world. Strange what people will buy!
[via petapixel]
Alex Baker
Alex Baker is a portrait and lifestyle driven photographer based in Valencia, Spain. She works on a range of projects from commercial to fine art and has had work featured in publications such as The Daily Mail, Conde Nast Traveller and El Mundo, and has exhibited work across Europe
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6 responses to “Photo of a dog wearing a hat sells as an NFT for over $4 million”
Crazy what people waste their money on.
well it’s in ethereum, which im sure has value to some but for me lets convert it to $
Why pay more than $4M, when you can get this copy for free?
Media: https://www.facebook.com/photo.php?fbid=10161029474161465&set=p.10161029474161465&type=3
NFT’s are still relevant? Most corporations and organizations have dumped them as being useless.
Funny how people don’t realize this is how the art industry is used for money laundering.
I remember in the early 2000s when people on eBay were paying $$$$$$$ for Cheetos and toast that look like Jesus…
Weirdos are among us and you don’t know who they are…be very weary.