On April 22, 2022, PleasrDAO confirmed a partnership between Amber Group and the most famous meme globally, The Doge NFT. This meme is fractionalized into DOG as a first-class ticket to all forms of digital entertainment.
PleasrDAO is a collective of decentralized finance (DeFi) leaders, digital artists, and early nonfungible token (NFT) collectors. The team has partnered with Amber Group to bring greater accessibility to the quickly growing fractionalized NFT ecosystem.
As part of the work, Amber Group is now excited to work with The Doge NFT (DOG) as it went live on Huobi, the #5 biggest cryptocurrency exchange in the world according to CoinGecko data, on March 29.
The partnership strives to address a major challenge unique to the NFTs, which is the lack of accessibility. The expensive nature of nonfungible tokens presents challenges for collectors, fans, and potential community members who normally lack the capital to participate in the nonfungible token marketplace.
Amber Group’s relationships set it in a unique position to introduce massive convenience into the NFT space, supporting the effective fractionalizing of NFTs. Through this fractionalization, NFTs can be owned by many people, creating openness for a wider group of crypto enthusiasts who would normally not be able to participate in any NFTs trading activities.
PleasrDAO turned one year old last month making it one of the longest-running DAOs and was set up when its members acquired pplpleasr’s Uniswap V3 “x*y=k” animation for 310 ETH. The nonfungible token depicts a pink unicorn that makes its way toward an Ethereum logo-cradling oasis. Foreshadowing at its finest.
Since then, PleasrDAO has collected some other big-ticket items that are all linked to what it defines as “culturally significant” ideas and causes. That includes the original Doge meme turned NFT from the owner Japan-based Kabuso and the one-of-a-kind unreleased Wu-Tang Clan album Once Upon a Time in Shaolin acquired from the United States government.
PleasrDAO last raised a hidden amount from a16z and top crypto investors in December 2021. The head of The Doge NFT project, Tridog, explains:
“Amber Group moved quickly and thoughtfully providing us with doge-class service. We are excited to allow easier access to our tokenized community and a first-class ticket to dogentertainment.”
The Co-founder of Amber Group, Tiantian Kullander, stated:
“NFTs are integral to the broader digital asset ecosystem, and greater accessibility to NFTs will undoubtedly accelerate the overall awareness and growth of the entire industry. We’re excited to partner with PleasrDAO in bringing this convenience to fractionalized NFTs. We have every confidence that with this partnership, PleasrDAO will catalyze greater experimentation and innovation of digital art and communal ownership. We are looking forward to transforming the NFT ecosystem together.”
PleasrDAO And The Doge NFT Overview
The Doge NFT is currently the most famous meme in the world fractionalized into DOG giving the user a first-class ticket to entertainment through the DOG community.
PleasrDAO is described as ‘the People’s Louvre of the 21st century and a collective of decentralized finance (DeFi) leaders, early nonfungible token collectors, and digital artists who have achieved a formidable yet benevolent reputation for buying culturally significant pieces with a notable charitable twist.
On the other hand, Amber Group is a leader in digital products, assets, and infrastructure, partnering with firms that range from banks, crypto-native firms, and fintech companies to game developers, sports teams, brands, and creators.
