Dogecoin's "Runestone" Airdrop Concludes, Doginals Distribution Finalized

Dogecoin has launched its own "Runestone" airdrop, inspired by the Bitcoin Ordinals NFT-like giveaway. As of April 2, over 30,000 "Doge Runestone" Doginals have been distributed to wallets holding Doginals from specific collections. Currently trading at a floor price of 185 DOGE (around $32), Doge Runestones are similar to Bitcoin Ordinals, digital assets embedded into units of Bitcoin. This airdrop follows the successful Bitcoin Ordinals-based Runestone airdrop in March, highlighting the growing popularity of Ordinals-like protocols on various blockchains.

Dogecoin's "Runestone" Airdrop Concludes, Distribution of Doginals Complete

April 3, 2023

The Dogecoin blockchain community has successfully completed its highly anticipated "Runestone" airdrop, inspired by the groundbreaking nonfungible token (NFT)-like giveaway conducted on the Bitcoin Ordinals protocol last month.

By April 2, a total of 30,272 "Doge Runestone" Doginals, Dogecoin's equivalent of Ordinals, had been distributed to wallets holding at least one Doginal from a designated list of collections curated by Robo AI, the airdrop's organizer.

Currently, Doge Runestones have a floor price of 185 Dogecoin (DOGE), equivalent to approximately $32, and have recorded a 24-hour trading volume approaching $2,000, according to data from the Ordinals Wallet marketplace.

Doge Runestones, which are identical in design, feature a golden rock engraved with the DOGE logo. The airdrop emulates the popular Bitcoin Ordinals-based Runestone airdrop in March, where a community-led effort distributed over 112,000 Runestones to early adopters of the protocol.

Bitcoin Ordinals are NFT-like assets such as images or documents that are inscribed into sats, the smallest unit of Bitcoin (BTC). Dogecoin, a fork of Bitcoin, has adopted the Ordinals concept, and its Doginals protocol was introduced by an anonymous developer in February last year, a month after the launch of Bitcoin Ordinals.

The protocol has also facilitated the creation of the DRC-20 token standard in May 2023, which derives its name from Ethereum's ERC-20 standard and Bitcoin's similar BRC-20 standard.

Currently, there are 149 Doginal collections and approximately 68,000 DRC-20 tokens in existence, with a combined market capitalization of $120 million, as per data from Doginal Explorer.

Remarkably, the classic 1993 first-person shooter game Doom has also been inscribed on the Dogecoin blockchain as a Doginal, a fitting nod to the online gaming community's meme-fueled fascination with running Doom on unconventional platforms such as washing machines and toothbrushes.

Despite the notable airdrop, DOGE's market performance remains relatively muted, currently trading at $0.1718, a 2% decline over the past day and a 20% drop over the past week, according to Cointelegraph Markets Pro.