Thanks to Dogecoin’s birth as a meme-coin, there are many who don’t take it very seriously. While price performances over the past few months have blown hot and cold, wider adoption is still a long way away. That hasn’t stopped people from making recommendations, however.<\/p>\n
Co-founder of Dogecoin Billy Markus recently took to Twitter to opine on what could help DOGE’s adoption going forward. According to the exec, Dogecoin needs a “DOGE-ETH bridge,” as well as a strong presence on NFT platforms to “greatly increase its utility.”<\/p>\n
https:\/\/twitter.com\/BillyM2k\/status\/1443361810053226500?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1443361810053226500%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fu.today%2Fdogecoin-co-founder-names-two-things-he-believes-will-help-doge<\/a><\/p>\n <\/p>\n Vitalik Buterin, a recent member of Dogecoin’s advisory board, had previously noted<\/a>,<\/p>\n “If DOGE wants to somehow bridge through ETH and then people can trade DOGE 1000’s of times a second inside a loop ring, that you know, would be amazing.”<\/p><\/blockquote>\n Ethereum has accelerated the growth of DeFi protocols and NFT platforms like OpenSea since the beginning. Also, it continues to be the leading blockchain in terms of total value locked<\/a> with over $122 billion in its ecosystem. Looking at the value additions from Ethereum, DogeLabs had announced that it is exploring the DOGE-ETH Bridge for DeFi Staking back in June.<\/p>\n At the time, Buterin had argued that Ethereum scalability would allow trade of wrapped DOGE with very low transaction fees and very high speed.<\/p>\n Ergo, it’s no surprise then that the wider belief is that DOGE can accomplish much more with its interoperability with Ethereum.<\/p>\n The NFT boom has also increased the cross-chain utility of Ethereum. This was something that was first made evident by Solana’s meteoric rise. The altcoin saw new all-time<\/a> highs on the back of increased traction over the past few months.<\/p>\n Recently, it even launched<\/a> Wormhole 2.0 to allow the transfer of ERC-20 tokens to further its DeFi participation.<\/p>\n At the time, Sanctor Capital, the Founder of DeFi platform Yearn Finance (YFI), had noted<\/a>,<\/p>\n “And the more we\u2019re interacting, the more we are realizing that there\u2019s actually a little bit too much activity for any one chain to handle this stuff.”<\/p><\/blockquote>\n The ecosystem is looking at cross-chain capabilities as the next big step. And so is DOGE.<\/p>\n Ripple has also joined the bandwagon to profit from the NFT boom. The company is working to support NFT projects via a $250-million “Creator Fund<\/a>.” It is no surprise then that Markus is also trying to tap the market for DOGE.<\/p>\n Recently, Adam Aron, CEO of AMC Entertainment, ran a Twitter poll. It found that a majority of the respondents are in favor of the idea to include Dogecoin in the company’s online payment options.<\/p>\n I sincerely want to hear your opinion, via this Twitter Poll. By year-end 2021, AMC will take Bitcoin, Etherum, Litecoin and Bitcoin Cash for online payments. I hear from many on my Twitter feed we should accept Dogecoin too. Do you think AMC should explore accepting Dogecoin?<\/p>\n — Adam Aron (@CEOAdam) September 21, 2021<\/a><\/p><\/blockquote>\nPiggybacking on NFTs<\/h4>\n
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