DOGE co-founder offers key to improving coin’s utility
- Posted on June 3, 2022
Dogecoin co-founder Billy Marcus explains what needs to be done to improve the utility of cryptocurrencies
Billy Markus, co-founder of CoinUndefined, bridges the gap between Dogecoin and Ethereum Undefined.
One is the completion of the DOGE-ETH bridge, and the other is a non-fungible token platform like OpenSea that allows purchases with DOGE-ETH tokens.
I think two things will help Dogecoin:
1) Completion of DOGE-ETH bridge
2) NFT platforms (e.g. OPENSEA) allow purchases with DOGE-ETH tokens
NFT purchases are in high demand for cryptocurrencies. Allowing DOGE to buy NFTs greatly increases its utility.
— SHIBETOSHI NAKAMOTO (@BILLYM2K) September 29, 2021
“The use of cryptocurrencies to buy NFTs is in high demand. Allowing the use of DOGE to buy NFTs will greatly increase their utility,”Markus wrote.
because it matters
Markus and Ethereum co-founder Vitalik Buterin are advisors to the Dogecoin Foundation.
Earlier this year, Buterin claimed he loves DOGE and suggested bridging DOGE and ETH to increase Dogecoin’s transaction speed.
CEO of Tesla Inc. Tesla
Elon Musk has also expressed his support for a bridge between the two cryptocurrencies.
Oscar Guindzberg, a developer involved in the bridge project, told Benzinga that the launch date “has not yet been set.” According to Guindzberg, a working prototype is in the works.
price fluctuation
At press time and after the 24-hour tracking period, DOGE was trading up 1.16% at $0.20, while ETH was trading up 2.06% at $3,022.05.
Dogecoin co-founder Billy Marcus explains what needs to be done to improve the utility of cryptocurrencies