The Dogecoin blockchain community recently concluded its own version of the “Runestone” airdrop, drawing inspiration from the non-fungible token (NFT)-like giveaway executed through Bitcoin Ordinals last month.
The “Doge Runestone” airdrop, finalized on April 2, distributed a total of 30,272 Doge Runestones to wallets holding at least one Doginal from specified collections outlined by Robo AI, the organizer of the airdrop.
Doge Runestones are currently trading at a floor price of 185 Dogecoin (DOGE), equivalent to approximately $32, with a 24-hour trading volume of over $2,000.
The airdrop mimicked the successful Runestone airdrop conducted by the Bitcoin Ordinals community in March, distributing over 112,000 Runestones to early adopters of the protocol.
Dogecoin’s Doginals protocol, launched by an anonymous developer in February last year, allows for similar NFT-esque assets embedded within Dogecoins.
Dogecoin’s protocol paved the way for the introduction of the DRC-20 token standard in May 2023, akin to Ethereum’s ERC-20 and Bitcoin’s BRC-20 standards.
There are currently 149 Doginal collections and nearly 68,000 DRC-20 tokens with a combined market capitalization of $120 million, according to Doginal Explorer data.
The classic 1993 shooter game Doom has also been immortalized on the Dogecoin blockchain as a Doginal, continuing the trend of porting the game onto unconventional hardware.
Despite the Doge Runestone airdrop, Dogecoin’s price has seen a slight decrease, trading at $0.1718, down 2% in the past day and 20% for the week, as reported by Cointelegraph Markets Pro.
The Dogecoin community’s creative endeavors and engagement with NFT-inspired initiatives showcase the ongoing innovation within the cryptocurrency space, despite short-term fluctuations in price.
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