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The DOGE-Ethereum Bridge Will Increase the Token’s Utility: Dogecoin’s Founder

The DOGE-Ethereum Bridge Will Increase the Token's Utility: Dogecoin's Founder

Dogecoin creator Billy Markus, nicknamed “Shibetoshi Nakamoto,” recently tweeted about several ideas that may bring utility to Dogecoin.

In his first point, he feels it would be beneficial for Dogecoin if it could be widely used in top businesses as a form of currency.

In the second point, he added, integrating the meme currency into tipping would help increase its usefulness.

At the third point, he said that the Dogecoin/Ethereum bridge will enable Doggy to be used with Web3.

Reacting to the Dogecoin pseudonymous creator’s Twitter statement, Elon Musk, the founder and CEO of Tesla, indicated that he agreed with the first two criteria expressed but that the third item is not essential.

According to Markus, the effort would enable non-fungible token (NFT) markets like OpenSea to accept the cryptocurrency as payment for other digital items featured on the site.

Shibetoshi Nakamoto announced that the bridge will enable the conversion of DOGE to wrapped Dogecoin, and vice versa, in order to utilize the meme currency as payment for web 3.0 assets.

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