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What are Doginals? Why should I care?
Last updated
What are Doginals? Why should I care?
Last updated
Dogecoin Ordinals, or 'Doginals', are a brand new functionality and utility for Dogecoin.
They enable projects and users to write (inscribe) information that is stored on the smallest individual units of a Dogecoin (aka 'shibes').
Simply put: Doginals are crypto assets on Dogecoin.
Inscribing data onto Shibes wasn't possible during the last bullrun.
However, the Bitcoin Ordinals movement has absolutely flipped the collectable landscape on it's head. Even during the current market, Ordinals are inscribing at all-time-highs just last week.
Over $56 million in fees have been generated by Ordinals to date.
This trend isn't going anywhere - in fact, it's picking up steam.
For the first time ever, the same can now be done on Dogecoin.
Doge Labs has created the first ever standard for indexing on Dogecoin. Between the Doge Labs Wallet, inscription service, automated marketplace, and launchpad, the Doginal ecosystem is primed to be the next big thing in crypto.
And considering the hype Dogecoin was able to muster on its meme-ability alone, what happens when users can begin minting, collecting, and sifting for rare shibes... all for fractions of a penny?