Dogecoin blockchain participants concluded the "Doge Runestone" airdrop, inspired by the Bitcoin Ordinals NFT-like giveaway. Over 30,000 "Doge Runestones" were distributed to wallets holding Doginals, Dogecoin's equivalent of Ordinals. The Doge Runestones have a floor price of 185 DOGE and have seen a $2,000 24-hour trading volume.
Dogecoin Blockchain Hosts "Doge Runestone" Airdrop, Inspired by Bitcoin Ordinals
April 4, 2023 - The Dogecoin blockchain community has concluded its "Doge Runestone" airdrop, distributing a total of 30,272 unique digital assets to eligible wallets. The airdrop, modeled after the highly publicized Bitcoin Ordinals "Runestone" event, marks a significant milestone in the Dogecoin blockchain's adoption of NFT-like technology.
The Doge Runestones, designated as " Doginals" by the Dogecoin community, were created by embedding digital inscriptions into the Dogecoin blockchain using the Ordinals protocol. This protocol allows for the creation of non-fungible tokens (NFTs) or other digital artifacts that can be permanently stored on a blockchain.
The airdrop was organized by Robo AI, an entity within the Dogecoin blockchain ecosystem, and targeted wallets that held at least one Doginal from a pre-determined list of collections. The Doge Runestones feature a uniform design, depicting a golden rock etched with the Dogecoin logo.
According to data from the Ordinals Wallet marketplace, the Doge Runestones have established a floor price of 185 Dogecoin (DOGE), equivalent to approximately $32 at current market rates. The assets have witnessed a 24-hour trading volume of over $2,000, indicating a nascent level of market activity.
The Dogecoin Ordinals protocol, introduced in February 2022, has facilitated the creation of 149 distinct Doginal collections and nearly 68,000 DRC-20 tokens. The DRC-20 token standard is inspired by Ethereum's ERC-20 standard and Bitcoin's BRC-20 standard, enabling the issuance of tokens on the Dogecoin blockchain.
Notably, the airdrop did not appear to have a significant impact on the price of DOGE, which currently trades at $0.1718, down 2% in the past day and 20% on the week, as per Cointelegraph Markets Pro.
The Doge Runestone airdrop underscores the growing adoption of Ordinals technology within the Dogecoin blockchain ecosystem. It remains to be seen how this technology will evolve and impact the Dogecoin community in the long term.
