Dogwifhat Ethereum NFT Successfully Sold Up to 1,210,759 ETH

Bittime - The NFT world is abuzz again with extraordinary sales. This time, the cute meme of an adorable dog wearing a hat, "dogwifhat", was successfully sold as an Ethereum-based NFT (Non-Fungible Token) at an exorbitant price, selling for up to 1,210,759 ETH or reaching 4.3 million US dollars (around Rp. 62 ,1 billion) .

Achi, this adorable dog from South Korea, has succeeded in making his owner smile broadly. Achi's parents, whose identities are kept secret, will pocket a profit of 4.1 million US dollars (around Rp. 59.4 billion) from the sale of this NFT.

NFTs: An Increasingly Popular Trend

The fantastic transaction of the NFT "dogwifhat" is clear evidence of the growing popularity of blockchain-based digital assets. NFT itself is a digital token that represents ownership of other digital assets, such as images, videos, or even assets in the real world. The uniqueness and rarity of NFTs is what makes their prices soar.

Until now, the identity of the buyer of the "dogwifhat" NFT remains a mystery. However, this fantastic price tag certainly caught the attention of NFT collectors and fans around the world.

The popularity of the "dogwifhat" meme cannot be separated from its role on social media. The adorable picture of Achi with a hat on her head went viral and managed to steal the hearts of many internet users.

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NFT ETFs: A New Investment Alternative

For investors who are interested in the world of NFTs, but are hesitant to jump straight into buying individual NFTs at highly fluctuating prices, now there is an interesting alternative: NFT ETF (Exchange Traded Fund) . This financial product offers the opportunity to invest in the NFT sector as a whole.

Similar to stock ETFs, NFT ETFs work by collecting investor funds which are then used to buy shares of companies related to the NFT business. 

Some examples are NFT buying and selling platforms, blockchain-based gaming companies, or technology companies developing NFT infrastructure. By investing in an NFT ETF, investors can gain exposure to this booming NFT sector without the hassle of selecting and purchasing individual NFTs.

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The Bright Future of NFTs

The sale of the “dogwifhat” NFT is a shining example of how memes and other digital assets can be monetized via blockchain technology. 

The NFT world is expected to continue to grow rapidly in the future, attracting creators and collectors to join. In addition, the presence of NFT ETFs opens up safer and more accessible investment opportunities for investors who want to experience the potential of NFTs.

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How to Buy Ethereum (ETH) on Bittime

You can buy and sell  Ethereum (ETH)  in an easy and safe way via  Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Ethereum (ETH) is available on Bittime with the market pair ETH/IDR .  To be able to buy  ETH/IDR  at  Bittime,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on  Bittime  is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy Ethereum (ETH) on Bittime. 

Monitor price chart movements   for Ethereum (ETH) ,  Bitcoin (BTC) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

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What Is The Doge NFT (DOG)? The Latest Cryptocurrency in NFTs

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Risk Averse Ethereum Implementation Strategy for Playing Merge

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.