Dogecoin-Ethereum Bridge for DeFi Use Remains on Track: DOGE Developer - Aliens: AI Crypto News & Markets Updates
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Dogecoin-Ethereum Bridge for DeFi Use Remains on Track: DOGE Developer

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U.Today

Tue, May 24, 2022

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On Ethereum, Dogecoin coins can be utilized like any other ERC-20 token, allowing them to be invested in DeFi protocols and used to purchase NFTs. This would allow Dogecoin users to use DeFi, NFTs and all of the Ethereum platform's dApps.

As previously covered by U.Today , Dogecoin creator Shibetoshi Nakamoto believes that once a bridge between DOGE and Ethereum is created, it will be beneficial to Dogecoin.

He also believes Dogecoin will require platforms that trade non-fungible tokens (NFTs), like Opensea, which will allow the DOGE-ETH token to be utilized for purchases.

Musk also commended tipping as a use case, saying that using Dogecoin to tip creators would be "nice." However, despite possible use cases in the Web3 industry, Musk believes that building a bridge between Ethereum and Bitcoin is not as vital

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