Doge Runestone: NFTs on Dogecoin

The crypto space witnessed another remarkable event as the Doge Runestone project celebrated a significant milestone with an airdrop of Dogecoin NFTs, following in the footsteps of the Bitcoin Ordinals collection, Runestone. This marks a pivotal moment, showcasing the expanding versatility and adoption of Dogecoin for unique digital collectibles.

In a recent development, the Doge Runestone airdrop has ignited trading fervor on the secondary market. A total of 30,272 Dogecoin NFTs generated a trading volume of 80,142 DOGE, equivalent to nearly $15,000, setting a new precedent for Dogecoin-based NFT projects. The floor price for a single Doge Runestone currently stands at 170 DOGE, or approximately $32, as per the Ordinals Wallet Dogecoin marketplace.

Robo AI, the innovative group behind this airdrop, is in the process of developing the DRC-420 protocol on Doginals, aiming to facilitate more sophisticated forms of Dogecoin-based media. This initiative is hailed as the first of its kind on the Dogecoin blockchain, paving the way for a new era of digital collectibles.

Drawing inspiration from the Ordinals inscription phenomenon, Doge Runestone borrows its name from the iconic Runestone collection, which had previously made headlines with its strategic airdrop to a curated selection of wallets. Furthermore, the introduction of the DRC-20 protocol in May 2023 has enabled the creation of fungible tokens on the Dogecoin blockchain, significantly enhancing its functionality.

The Dogecoin blockchain is now home to over 150 themed NFT projects, as tracked by Doginal Explorer. This burgeoning ecosystem recently saw the addition of a playable version of the classic video game Doom, thanks to a pseudonymous Dogecoin enthusiast and the Doginals protocol. The versatility of Ordinal Inscriptions has also made its way into the Ethereum ecosystem with ETHscriptions, broadening the scope of blockchain-based digital collectibles.

NFT historian Leonidas, a co-creator of the Runestone project on Bitcoin, expressed enthusiasm for the Doge Runestone airdrop and its adoption of what he terms the “free and fair model” for token distribution. This approach, according to Leonidas, sets a new standard for equitable and open access to digital tokens, encouraging a wave of similar initiatives across the crypto landscape.