Runestone Sparks Dogecoin NFT Airdrop Craze

Following the success of the Bitcoin Ordinals collection, the Runestone project recently made waves with an airdrop to eligible wallets. Now, in a nod to this milestone, the Dogecoin Ordinals project has hosted its own airdrop, signaling a new trend in the world of non-fungible tokens (NFTs).

The initial Doge Runestone airdrop marked the beginning of a collection comprising 30,272 Dogecoin NFTs. These digital assets swiftly entered the secondary market, recording a total trading volume of 80,142 DOGE, equivalent to nearly $15,000. Currently, the floor price for a Doge Runestone stands at 170 DOGE, approximately $32, on the Ordinals Wallet Dogecoin marketplace.

Robo AI, the brains behind the Doge Runestone drop, revealed plans to build a DRC-420 protocol on Doginals, enabling the creation of more sophisticated Dogecoin-based media. A project representative touted this initiative as the “first of its kind” collection on Dogecoin’s blockchain.

Inspired by the Ordinals inscription frenzy, Doge Runestone derives its name from the Runestone collection—a set of 112,383 collectibles airdropped to selected wallets. The DRC-20 protocol, launched in May 2023, allows for the creation of fungible tokens on the Dogecoin blockchain, contributing to the vibrant ecosystem of over 150 Dogecoin-themed NFT projects, as per data from Doginal Explorer.

In a unique move earlier this year, a pseudonymous Dogecoin enthusiast integrated a playable copy of the classic video game Doom into the Dogecoin blockchain using the Doginals protocol. Additionally, Ordinal Inscriptions have extended into the Ethereum ecosystem with ETHscriptions, showcasing the versatility and interoperability of these innovative protocols.

Leonidas, a pseudonymous NFT historian and co-creator of the Runestone project on Bitcoin, expressed enthusiasm for airdrops like the Doge Runestone, highlighting their adoption of the “free and fair model” pioneered by Runestone. He emphasized the positive impact of such initiatives, stating, “When I see that other projects are copying the free and fair model, I love it. The more airdrops like Runestone, the better.”

The emergence of projects like Doge Runestone and the subsequent Dogecoin Ordinals airdrop underscore a growing trend in the NFT space, where innovative protocols and fair distribution models are reshaping how digital assets are created and distributed. As the ecosystem continues to evolve, fueled by creativity and community participation, the future promises further exploration and experimentation within the realm of blockchain-based collectibles.

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Maria Irene
Maria Irenehttp://ledgerlife.io/
Maria Irene is a multi-faceted journalist with a focus on various domains including Cryptocurrency, NFTs, Real Estate, Energy, and Macroeconomics. With over a year of experience, she has produced an array of video content, news stories, and in-depth analyses. Her journalistic endeavours also involve a detailed exploration of the Australia-India partnership, pinpointing avenues for mutual collaboration. In addition to her work in journalism, Maria crafts easily digestible financial content for a specialised platform, demystifying complex economic theories for the layperson. She holds a strong belief that journalism should go beyond mere reporting; it should instigate meaningful discussions and effect change by spotlighting vital global issues. Committed to enriching public discourse, Maria aims to keep her audience not just well-informed, but also actively engaged across various platforms, encouraging them to partake in crucial global conversations.

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