meme coin DOGE developer has launched the first-ever Non-fungible token (NFT) on the Dogecoin blockchain. The person behind the minted NFT known on Twitter as inevitable360 gave details of the transaction in a tweet on December 13. The details of the transaction show that the mint cost only 0.1 DOGE (or $0.0018). Describing the minting process, the developer said he used Sha-256 hash functions to mint the non-fungible token. The NFT was then stored on a Checksum, which is a small block of data from another block of digital data.
Following the successful minting of the NFT, inevitable360 got attention and support from other developers, including Dogecoin founder, Billy Markus. Some of the commentators tipped the developer using SoDogeTip, a tipping bot launched earlier this month.
Dogecoin makes NFT minting way more efficient
NFTs have recently taken the blockchain space by storm. However, a major issue is a cost of minting on top blockchains like Ethereum.