OGN is on the rise in the identical week the meme-as-NFT "Charlie bit my finger" was bought in a US$790,000 public sale. Cryptocurrency token Orig
OGN is on the rise in the identical week the meme-as-NFT “Charlie bit my finger” was bought in a US$790,000 public sale.
Cryptocurrency token Origin (OGN) was marked as a prime mover on Wednesday because it traded up 82% to US$1.30.
OGN is an Ethereum-based token that’s used to energy a platform that runs decentralised peer-to-peer marketplaces for NFTs, aka non-fungible tokens.
Wednesday’s transfer comes as Origin’s platform hosted a ‘record-breaking’ sale for a meme-as-NFT for “Charlie bit me” (a 56 sec 2007 viral video during which Harry Davies-Carr, aged three on the time, has his finger bitten by one 12 months outdated brother Charlie Davies-Carr).
The video was this week auctioned off as an NFT for US$790,000 with the customer, an nameless account with the identify “3fmusic”, taking possession of the rights to the digital asset.
The Davies-Carr household subsequently eliminated the general public youtube video clip that had been considered some 880mln occasions since Might 2007.
It’s the newest instance of a high-profile and excessive worth NFT sale, and, the transaction was powered by the Origin platform and the OGN token.
For anybody protecting rating, @OriginProtocol $OGN has now set information for each the most important music NFT drop and the most important viral video/meme drop. What ought to we sort out subsequent?
— Josh Fraser (@joshfraser) Might 26, 2021
After Wednesday’s rise in crypto markets, the OGN token has a market cap of simply over US$400mln, with a circulating provide of 311.8mln tokens.
It’s presently ranked because the fifty-fifth hottest asset on the Coinbase trade.
In accordance with Coinbase, buying and selling exercise skewed 68% to consumers (primarily based on prospects altering their internet positions over the previous 24 hours, as at 1:40pm).