A month after the Bitcoin Ordinals collection, Runestone, sent tokens to eligible wallets, a Dogecoin Ordinals project hosted its own airdrop this week in honor of the milestone.
After the first Doge Runestone airdrop, the collection of 30,272 Dogecoin NFTs began trading on the secondary market with a total trading volume of 80,142 DOGE, or almost $15,000 worth. The current minimum price for a Doge Runestone is 170 DOGE, approximately $32 on the Ordinals Wallet Dogecoin marketplace.
https://twitter.com/RoboAI_DRC420/status/1775278443426697631?s=20
Robo AI, the group behind the Doge Runestone drop, told us Declutter that it is building a DRC-420 protocol on Doginals to enable more advanced types of Dogecoin-based media. A project representative described this project as the “first such collection” on the Dogecoin blockchain.
Born out of the Ordinals inscription craze, Doge Runestone takes its name from the Runestone collection of 112,383 collectibles dropped into a select group of wallets.
The DRC-20 protocol, launched in May 2023, allows the creation of fungible tokens on the Dogecoin blockchain.
According to data from Doginal Explorer, there are more than 150 Dogecoin-themed NFT projects.
Following an earlier experiment with the Bitcoin blockchain, a pseudonymous Dogecoin enthusiast added a playable copy of the classic video game Doom to the Dogecoin blockchain via the Doginals protocol earlier this year. Ordinal Inscriptions have also crossed over to the Ethereum ecosystem with ETHscriptions.
Pseudonymous NFT historian Leonidas, one of the co-creators of the Runestone project on Bitcoin, said he is all in favor of these types of airdrops following suit.
“Runestone has introduced a new template for distributing a token that we call the Free and Fair Model,” Leonidas said. Declutter. “When I see other projects copying the free and fair model, I think that’s great. The more air drops like Runestone, the better.”
Edited by Ryan Ozawa.