Apr 5, 2024 at 10:28Inspired by the recent NFT-like giveaway conducted by Bitcoin Ordinals, Dogecoin enthusiasts have replicated the phenomenon with their version, aptly named “Doge Runestone” airdrop.
Concluded on April 2, a total of 30,272 “Doge Runestone” Doginals, the Dogecoin equivalent of Ordinals, were distributed to wallets holding at least one Doginal from a specified list of collections curated by Robo AI, the organizer of the airdrop.
Currently, the Doge Runestones are trading at a base price of 185 Dogecoin (DOGE), valued at approximately $32, with a 24-hour trading volume exceeding $2,000, according to data sourced from the Ordinals Wallet marketplace.
This initiative mirrors the buzz surrounding the Bitcoin Ordinals-based Runestone airdrop in March, where over 112,000 Runestones were distributed to early adopters of the protocol through a community-driven effort.
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Bitcoin Ordinals comprise NFT-like assets embedded into satoshis, the smallest units of Bitcoin (BTC).
Dogecoin, originating as a derivative of Bitcoin, inherits the capability to support Ordinals. Its Doginals protocol, introduced by an anonymous developer in February last year, paved the way for the creation of DRC-20 tokens, a standard reminiscent of Ethereum’s ERC-20 and Bitcoin’s BRC-20 standards, launched in early May 2023.
According to data from Doginal Explorer, there exist 149 Doginal collections and nearly 68,000 DRC-20 tokens, collectively valued at $120 million.
Notably, the Dogecoin blockchain has also immortalized the 1993 classic shooter game Doom as a Doginal, continuing the trend of running Doom on unconventional hardware like washing machines and toothbrushes.
Despite the enthusiasm surrounding the Doge Runestone airdrop, Dogecoin’s market performance remains subdued, trading at $0.1718, marking a 2% decline over the past day and a 20% decrease over the week, as per Cointelegraph Markets Pro.
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