The DogWifHat cap, originally created as a Christmas decoration, has gained fame as a meme and is now up for auction at a high bid.
The History of DogWifHat
The DogWifHat was first used in November 2018 when its owners placed it on the head of a dog named Achi and took a photo. This image quickly spread across the internet, spawning countless memes and ironic captions.
Digital Value and NFT
The digital side of the hat has also proven lucrative; last year, the Dogwifhat NFT was sold for 1,210 ETH, approximately $4.3 million at that time. The hat's authenticity is recorded on the Bitcoin blockchain via Ordinals.
The Uniqueness of the Auction
According to the owners, this is the first and only public auction for the hat, and collectors will not have another opportunity to acquire this piece, which has become a significant part of internet and crypto culture.
The DogWifHat serves as a unique item sitting at the intersection of memes and crypto culture, making its auction particularly significant for collectors and digital art enthusiasts.
