Sad Doge NFT: Shiba Inu Kabosu Sold For $2 Million Dollars

A photo of Kabosu, a famous Shiba Inu, entitled “Sad Doge” has sold for $2 million dollars on the NFT marketplace, OpenSea. Doge meme was allegedly started by Atsuko Sato in 2010, when she took photos of her Shiba Inu, Kabosu. Dogecoin’s popularity was fueled by Sato’s Shiba Inu pictures.

What is Doge?

Earlier this year, Jackson Palmer and Billy Markus created “Doge,” which is considered a meme-coin, as a joke. The coin’s value increased from a fraction of one penny to $0.73 in May. Celebrity endorsement, including remarks made by Tesla CEO Elon Musk, caused the price to soar. Dogecoin was a great way to make millions and the “Sad Doge NFT” is now following in their footsteps. The original doge meme NFT currently sells for $4 million dollars.

Sad Doge NFT Owner

On Twitter, the new owner of the “Sad Doge” NFT is known as TwoDollaHotDoge and TDHD on OpenSea. The owner’s account has over 17,000 followers on Twitter and has been in support of NFTs and Doge in the past. TwoDollaHotDoge completed their collection with the “Sad Doge” NFT as they already own three Zora Doge NFTs, Yelling Doge, and Angry Doge. Previously, the buyer of “Sad Doge” was outbid.

Sad Doge NFT And Meme Culture

The “Sad Doge” NFT is another example of memes causing the value of NFT to skyrocket. On the platform, Zora, a dogecoin NFT sold for $4 million in June of 2021. Prior to this, an NFT of the meme Nyan Cat sold for 300 ETH during a major NFT bull run this past February.

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