Ad Home

GRID_STYLE
TRUE

Classic Header

{fbt_classic_header}

Ad

Breaking News:

latest

Dolce & Gabbana Want To Make Elon Musk The ‘King Of Crypto’

Tesla’s CEO Elon Musk vs DOGE. At present time, Dogecoin is one of the most popular cryptocurrencies and everyone’s favorite including Tesla...

Tesla’s CEO Elon Musk vs DOGE.
At present time, Dogecoin is one of the most popular cryptocurrencies and everyone’s favorite including Tesla’s CEO Elon Musk. There are many reasons why you might want to invest in Dogecoin right now. Many people think that they have to be smart investors with a lot of money to invest in crypto, but in reality, all you need is a little bit of common sense and research. 

First, you need to understand what Dogecoin is and how to mine it? Formed in 2013, Dogecoin is a popular cryptocurrency with a fun and friendly brand picture. That aims to be a supportive introduction to cryptocurrency for the general public and people who had never heard of cryptocurrencies before.

  • Italian fashion brand Dolce & Gabbana wants to crown Elon Musk as the ‘King of Crypto’ but only if he manages to buy the ‘Doge Crown’.
  • The item is a part of the brand’s first collection of non-fungible tokens (NFTs).
  • The highest bid right now is at 165 Ether (ETH), which is around $514,000.
  • Musk will have to beat that bid in order to have a chance to take the ‘Doge Crown’ home.
  • The catch is that the ‘Doge Crown’ doesn’t have anything to do with American billionaire's favorite cryptocurrency, Dogecoin.
The legacy Italian fashion brand, Dolce & Gabbana want to crown American billionaire Elon Musk as the ‘King of Crypto’ but only if he can offer more than $514,716.84 for the ‘Doge Crown’ — the most expensive piece in the brand’s very first collection of non-fungible tokens (NFTs). Ironically, the Doge Crown has nothing to do with the Tesla CEO’s pet currency, Dogecoin. It’s being sold on a network based on Polygon called UNXD, the bids are in Ether, and it’s not based on the meme currency. Instead, the design of the Doge Crown was inspired by the Doge Palace located in northern Venice, Italy.

The highest bid so far is at 165 Ether (ETH), which comes up to around $514,716.84, by a user called ethmad. This means that if Musk wants to jump into the ring, he’ll need to beat that bid. The Doge Crown’s contemporary, the ‘Lion Crown’, has a bid of 125 ETH, which is $121,904.10 cheaper. Other items include the ‘Glass Suit’, ‘Dress from a Dream’, the ‘Impossible Tiara’, and the ‘Impossible Jackets’. All of the items, including the Doge Crown, were designed by the OGs themselves — Domenico Dolce and Stefano Gabbana.

What would Musk get after spending more than $514,716.84? 


If the SpaceX founder is able to put in the highest bid, the Doge Crown — the actual physical item with seven blue sapphires and 142 diamonds — will be his n addition to the crown, the buyer will also receive a 4K rendered animation and stills of the item. There are still more than three days left on the clock for interest parties to put in their bids, Musk included.

The current price of the Doge Crown is chump change. But, then again, Musk has never been one to follow the herd. Moreover, the influence of his tweets and statements has been called into question for doing more harm than good for cryptocurrencies, especially after he resigned his decision to accept Bitcoin as payment for Tesla cars.

For a more in-depth discussion, come on over to Business Insider Cryptosphere — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. Cryptocurrency prices show signs of recovery with Bitcoin whales ‘buying the dip. Ethereum’s scaling issues strike again as TIME Magazine’s NFTs sell for 30 times their price.

No comments