Nyan Dogecoin NFT Fetches $69K in ETH

A dogecoin-inspired non-fungible token (NFT) has sold for 45 ETH, roughly $69,000 at purchase, on the cryptocurrency art platform Foundation.

NFTs are a type of digital asset causing quite a stir these days. They provide proof of an artwork’s scarcity via unique digital identifiers built on top of Ethereum and other blockchains.

The Nyan Dogecoin NFT, by Chris Torres, the same artist who created the Nyan Cat NFT, began its auction journey after first being minted in late February. Nyan Cat sold for an eye-popping 300 ETH (roughly $600,000 at purchase) on Feb. 19. (That same 300 ETH is now worth $451,000.)