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Jafrin Ahmed
Oct 1, 2021
by Jafrin Ahmed

DOGE co-founder: Ethereum Bridge, NFT Marketplace Will Boost Mass Adoption

DOGE Ethereum bridge NFT
Billy Markus, one of the co-founders of Dogecoin has advocated for the completion of the Ethereum-DOGE bridge and the integration of the NFT marketplace to help boost the mass adoption of its native meme-based cryptocurrency.

DOGE Co-Founder Eyes Ethereum Bridge With NFT Support

“Two things I believe would help Dogecoin: Completion of DOGE-ETH bridge, and NFT platforms (e.g. Opensea) allowing for the DOGE-ETH token to be used for purchases.”

A cross-chain bridge allows the transfer of assets from separate blockchains. In this case, a Dogecoin-Ethereum bridge will enable users to send DOGE from its native blockchain to Ethereum blockchain. This will overall allow Dogecoin to access Ethereum’s world of DeFi and NFT marketplaces.

Should the Ethereum-Dogecoin bridge go into fruition, the adoption of the meme-based cryptocurrency will increase if ETH-based NFT platforms like OpenSea support it as one of the payment options. “NFTs purchasing is in high demand with crypto. Allowing for DOGE purchases of NFTs greatly increases its utility,” Markus added.

Even Ethereum co-founder Vitalik Buterin once said that this would be a bullish move for the meme-based cryptocurrency if such a bridge actually takes place with Markus revealing that “people are working on the DOGE-ETH bridge.”

NFTs Could Be Bought Using Dogecoin

Currently, the most popular of NFTs are bought using Ethereum’s native asset, ETH. Hence, the completion of the DOGE-ETH bridge would allow for greater compatibility and interoperability within the Ethereum ecosystem which other Layer 1 blockchains such as Avalanche and Fantom have already worked on.

Other Layer 1 blockchains like Sonana Fantom have already adopted their native crypto asset as payment options as their NFT ecosystems have grown. With Dogecoin being another Layer 1 blockchain, the insane popularity of the meme-based cryptocurrency as a payment option could make it a fitting asset for NFT purchases.

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Billy Markus Dogecoin Co-founder Dogecoin-Ethereum Bridge Dogecoin NFT Dogecoin NFT Marketplace
DOGE co-founder: Ethereum Bridge, NFT Marketplace Will Boost Mass Adoption
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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