Billy Markus, the co-founder of Dogecoin, explained on Wednesday that an Ethereum bridge to the Doge network would bolster the dogecoin ecosystem. Markus also said that the non-fungible token (NFT) markets would “help Dogecoin as well.”
Dogecoin Co-Creator Thinks 2 Ideas Could Help the Doge Network
The popular crypto asset dogecoin (DOGE) has gained a whopping 7,500% during the last 12 months and reached a high of $0.731 per unit on May 8, 2021. However, DOGE is down 72% from that all-time high and 25.4% during the last month.
While the Dogecoin co-founder Jackson Palmer criticized the crypto world and said it was managed by powerful cartels, Billy Markus speaks about crypto in a positive manner.
Wednesday, Markus tweeted about the memes-based crypto network he helped create and discussed how the project could be helped by adding two things.
“Two things I believe would help Dogecoin: [The] completion of DOGE↔ETH bridge, [and] NFT platforms (e.g. Opensea) allowing for the DOGE-ETH token to be used for purchases,” Markus added:
The purchase of TVN is [in] high demand with crypto. Allowing for DOGE purchases of NFTs greatly increases its utility.
Some people are already discussing a Dogecoin↔Ethereum bridge
Markus’ idea follows the suggestions of Ethereum co-founder Vitalik Buterin during the first week of September.
“Personally, I hope that doge can switch to PoS soon, perhaps using Ethereum code,” Buterin said at the time. “I also hope that they don’t cancel the annual $ 5 billion a year issue, but instead put it in some sort of DAO that funds global public goods. Would fit in well with the healthy, non-greedy ethic of dogecoin.
Meanwhile, a number of individuals liked Markus’s concept of an ETH ↔ DOGE bridge and NFT utility. “DOGE implemented in the NFT ecosystem would be of huge benefit to the community,” said one individual noted in response to the tweet from the co-creator of DOGE.
A Twitter account dubbed “DogeX” tweeted: “HEY Billy Markus our metaverse developer spoke with Steven Steele about this last week. We are actively trying to work with you on this concept as we build the Doge X ecosystem. ”
