Billy Markus, the software engineer who co-founded DOGE with Jackson Palmer in 2013, explained two situations that will help Dogecoin evolve into a more widely used cryptocurrency and possibly attract more users.
Two things I believe would help Dogecoin:
1) Completion of DOGE-ETH bridge
2) NFT platforms (eg Opensea) allowing for the DOGE-ETH token to be used for purchasesNFTs purchasing is high demand with crypto. Allowing for DOGE purchases of NFTs greatly increases its utility.
— Shibetoshi Nakamoto (@BillyM2k) September 29, 2021
“Doge needs NFTs and ETH bridge”
According to Markus, Dogecoin will be further developed once a bridge between DOGE and Ethereum is completed. The second case Markus points out is that the most popular joke cryptocurrency needs platforms that trade non-tradable tokens (NFTs) and accept DOGE as payment, which is compatible with Ethereum.
Markus noted that at the moment, NFTs are in high demand in the market, along with the crypto used to buy them.
Vitalik Buterin hopes Doge moves to PoS
In addition to these, Vitalik Buterin also made a suggestion that could change the fate of Dogecoin. On September 2, the co-founder of Ethereum, the second largest blockchain platform, said that Dogecoin could switch to a Proof-of-Stake (PoS) algorithm, perhaps using Ethereum code.
Apart from that, Buterin also stated that the co-founders of Dogecoin should direct the project to a DAO that funds global public goods. Buterin stressed that this move would fit quite well into Dogecoin’s “healthy non-greedy value system.”
As previously reported, Vitalik Buterin recently joined Dogecoin’s advisory board.