Kabosu in pieces, or fractional NFT from PleasrDAO
Kabosu in pieces, or fractional NFT from PleasrDAO Kabosu in pieces, or fractional NFT from PleasrDAO

Fractional NFTs are not the first thing to go, however, only when faced with astronomical valuations, the opportunity to own a fractional NFT seems to turn the temperature up to a boil especially when the legendary “Dogfish” is involved.

The NFT offensive is underway and fractional NFT gives collectors the opportunity to acquire fractional ownership. If this concept is still unfamiliar to you, you can catch up here:

Kabosu in Pieces

PleasrDAO has announcedthat it will divide the Doge NFT (worth $6 million) into billions of pieces, allowing anyone to own a piece of the image of the dog Kabosu, who has become the face of Dogecoin.

NFT is a rare piece that pays homage to Doge, whose story began in 2013 as… a joke. In June 2021, Atsuko Sato, the owner of a famous Shiba Inu named Kabosu, minted the original image as NFT and sold the token for a record price of 1,696 ETH. The buyer turned out to be PleasrDAO, an experimental art collective.

Largest fractional ownership experience

As of September 1 at 7pm our time, PleasrDAO began offering access to Doge NFT via 16,969,696,969 ERC-20 $DOG tokens.

The PleasrDAO blog reads that only 20% of the total $DOG supply will be available for auction initially. Another 25% of $DOG tokens will be allocated to $DOG community programs and used for further development:

“We have plans for a $DOG developer fund for projects to support the long-term community and we will be the primary provider ofliquidity in the stock markets.”

The $DOG auction will take place on the Miso decentralized auction platform, and the tokens will be available for purchase using Wrapped ETH (WETH). After the auction, $DOG will be available for trading on the fractional.art platform and on decentralized exchanges such as SushiSwap and Uniswap.

Users holding $DOG tokens will be able to vote on how much they think the original NFT should be worth. In the future, PleasrDAO plans to re-auction the original token at a date and pace determined by the PleasrDAO community.

“We will ensure that The Doge NFT is not auctioned off until we feel that $ DOG […] is connected to a strong, thriving community.”

You may be interested in:

= 728 ) betterads_el_width = [“728”, “90”]; else if ( betterads_el_width >= 468 ) betterads_el_width = [“468”, “60”]; else if ( betterads_el_width >= 336 ) betterads_el_width = [“336”, “280”]; else if ( betterads_el_width >= 300 ) betterads_el_width = [“300”, “250”]; else if ( betterads_el_width >= 250 ) betterads_el_width = [“250”, “250”]; else if ( betterads_el_width >= 200 ) betterads_el_width = [“200”, “200”]; else if ( betterads_el_width >= 180 ) betterads_el_width = [“180”, “150”]; if ( betterads_screen_width >= 1140 ) { document.getElementById(‘sanzydwxt-192260-854787665-place’).innerHTML = ”; (adsbygoogle = window.adsbygoogle || []).push({});}else if ( betterads_screen_width >= 1019 && betterads_screen_width < 1140 ) { document.getElementById(‘sanzydwxt-192260-854787665-place’).innerHTML = ”; (adsbygoogle = window.adsbygoogle || []).push({});}else if ( betterads_screen_width >= 768 && betterads_screen_width < 1019 ) { document.getElementById(‘sanzydwxt-192260-854787665-place’).innerHTML = ”; (adsbygoogle = window.adsbygoogle || []).push({});}else if ( betterads_screen_width < 768 ) { document.getElementById(‘sanzydwxt-192260-854787665-place’).innerHTML = ”; (adsbygoogle = window.adsbygoogle || []).push({});}]]>