A new “Dogumentary” chronicles the rise of Dogecoin [Advance Cash ]

From Meme To Cryptocurrency: New
Image source: Pixabay

A group of filmmakers and community participants are working on a feature film chronicling the rise of Kabosu, the Shiba Inu featured in the famous Doge meme, from an abandoned puppy to a global icon.

The Doge documentary, titled “Dogumentary,” is produced by Own the Doge and arts and culture collective Web3 PleasrDAO and depicts how a Shiba Inu dog inspired a cryptocurrency with a market capitalization of $11.6 billion. , a philosophy of life and a holy pilgrimage to Japan over the past decade.

Own the Doge, a Doge-oriented NFT community, and PleasrDAO recently acquired the rights to the original Doge meme image for $4 million from Ethereum earlier this year.

The film is directed by Jon Lynn, an English director and producer known for directing comedy films such as Clue, Nuns on the Run and My Cousin Vinny, and produced by San Francisco-based production company New Revolution Media.

Members of the Doge community, along with PleasrDAO and Own the Doge, have funded the initiative to date.

Production is currently in the works, but a preview has already been released.

The documentary was filmed in Japan and the United States, covering interviews with various personalities, namely Kabosumama, the owner of the doge Atsuko Sato, and John Monarch, the person who created the DOGE meme.

Although this project is very niche, its creators hope that it will break through to a wider audience.

Jim Toth, the former Hollywood talent agent, and Evan Rosenfeld, a documentary producer, have reportedly expressed support for the project. Additionally, Arthur Jones, director of the Pepe the Frog-inspired documentary "Feels Good Man," has joined the project.

The next stage of the project is to attract traditional film studios or streaming services such as Netflix, Hulu or Amazon Prime Video to distribute the documentary.

"We plan to have a variety of partners and producers, traditional and crypto-native, to make this the best piece of art the internet has ever seen," tridog said.

"We want people to know, to understand how a simple photo of a dog has brought joy and happiness around the world, bringing people together again and again for hijinks."

The Rise of Dogecoin - From a Meme to a Billion Dollar Cryptocurrency

Dogecoin was originally created as a joke in late 2013 by two software engineers Billy Markus and Jackson Palmer.

The Dogecoin code was originally copied from a now defunct old cryptocurrency called Luckycoin, which was a fork of Litecoin (LTC).

However, to everyone's surprise, Dogecoin was an almost instant success. The meme cryptocurrency has gained huge popularity on sites such as Reddit, where it has been used as a tipping currency.

When Dogecoin was only 2 weeks old, it reached more transactions per day than Bitcoin. Additionally, in the first month, over one million unique visitors visited its website.

The Dogecoin community has also played a key role in the success of the meme cryptocurrency.

For example, in 2014, the Dogecoin community collected 26.5 million Dogecoins (worth around $30,000.00 at the time) to send the Jamaican bobsled team to the Winter Olympics in Sochi.

However, the cryptocurrency started gaining popularity after Tesla and SpaceX CEO Elon Musk openly supported it in 2019. "Dogecoin might be my favorite cryptocurrency," Musk tweeted in April 2019. "That's pretty cool."

Lately, some companies, including movie chain AMC Entertainment Holdings, have adopted Dogecoin as payment for certain goods, adding even more utility to the meme-based cryptocurrency.

As of this writing, Dogecoin is trading at $0.085, up around 4% in the past day. The token currently has a market capitalization of around $11.9 billion, ranking as the eighth largest cryptocurrency in the world.