Dogecoin Creator supports Ethereum and NFT compatibility
Dogecoin Creator supports Ethereum and NFT compatibility
Billy Markus, one of the co-founders of, says that the meme asset could benefit from a bridge and a broader use as a currency in NFT marketplaces.
The central theses
- Dogecoin co-founder Billy Markus believes that a Dogecoin Ethereum bridge and the support of Doge would help Documente NFT payment acceptance.
- Markus argued that interoperability with Ethereum and NFTS would increase the benefits of Doge.
- While Markus Dogecoin is still supporting the project despite his lack of participation, the other co -founder of the crypto, Jackson Palmer, is less enthusiastic.
Markus says that the updates would promote acceptance.
Dogecoin co-founder drives the Doge-Eth bridge ahead
Billy Markus believes that Dogecoin could benefit from better compatible with the Ethereum ecosystem.
The co-founder of the meme currency, which acts on Twitter (NYSE :) under the pseudonym Shibetoshi Nakamoto, has published a tweet today in which he outlines two suggestions for the project. He wrote:
"In my opinion, two things would help: 1) Completion of the Doge-Eth bridge 2) NFT platforms (e.g. OpenSea) that enable the use of the DogeT-Eth token for purchases."
tweet
Markus added that the use of Doge as a currency for NFTS "increases its benefits significantly". The vast majority of the NFTs are currently bought with the native asset from Ethereum, the ETH. The completion of the DogeT-Eth bridge would enable greater compatibility and interoperability with the Ethereum ecosystem, whereupon many other layer 1 blockchains such as avalanches and fantom have concentrated.
nfts, also known as non -funny tokens, have gained popularity this year. In the past few weeks, the NFT market has experienced wild price speculation in the middle of a boom in symbolized animalavatars, generative art, photography and more, which Crypto enthusiasts call "NFT summer".
While ETH is the preferred reserve for NFTS characterized on Ethereum, other Layer 1 coins were taken over as payment options because their NFT ecosystems have grown. Dogecoin is another layer 1 blockchain, and the popularity of Doge as a payment option could make it a suitable asset for NFT purchases.
The latest update comes nine days after AMC CEO Adam Aron asked his Twitter followers whether his company should accept alongside Ethereum, and also Doge as a means of payment. The respondents voted with an overwhelming majority for the update. Dogecoin is known for his passionate community. Despite its recent weak price movements, the asset still has a large followers (Doge is currently 71 % below its all -time high from May).
While Markus is no longer involved in Dogecoin, he often shares his suggestions and hopes for the future of the project. Meanwhile, Dogecoins other co -founders, Jackson Palmer, distanced itself from the entire cryptocurrency area and recently dismissed the technology as a "naturally right, hypercapitalist" space that is controlled by a "powerful cartel".