Dogecoin (CRYPTO: DOGE) co-creator Billy Markus advocated for the competition of the Dogecoin-Ethereum (CRYPTO: ETH) bridge.
What Happened: Markus said on Twitter Thursday that there are two things he believes that would help DOGE.
See Also: How To Buy Dogecoin (DOGE)
One is the completion of the DOGE-ETH bridge and the other is for non fungible token platforms like OpenSea allowing for the DOGE-ETH token to be used for purchases.
Two things I believe would help Dogecoin:
1) Completion of DOGE-ETH bridge
2) NFT platforms (e.g. Opensea) allowing for the DOGE-ETH token to be used for purchases
NFTs purchasing is high demand with crypto. Allowing for DOGE purchases of NFTs greatly increases its utility.
— Shibetoshi Nakamoto (@BillyM2k) September 29, 2021
“NFTs purchasing is high demand with crypto. Allowing for DOGE purchases of NFTs greatly increases its utility,” wrote Markus.
Why It Matters: Markus is an advisor for the Dogecoin Foundation along with Ethereum co-creator Vitalik Buterin.
Earlier in the year, Buterin said that he loves DOGE and suggested a bridge between DOGE and ETH in order to ramp up the transaction speed of the former.
Oscar Guindzberg, a developer involved in the bridge project, told Benzinga that the released date is “yet not established.” A working prototype is in progress, as per Guindzberg.
Price Action: At press time, over 24 hours, DOGE traded 1.16% higher at $0.20 while ETH traded 2.06% higher at $3,022.05.