Did Elon Musk Just Back again a Dogecoin Music Festival? – EDM.com
With a few simple phrases, Elon Musk lit a fuse in the crypto local community that could ultimately lead to a Dogecoin-themed music competition: “Appears kinda pleasurable.”
The remark came in response to a well-known Dogecoin lover account who tweeted about the fictitious DogeFest, using a image of a tunes festival phase edited with the token’s viral Shiba Inu meme imagery. He then began a thread to advise what the pageant would entail if it have been real, this sort of as a DJ set from Musk himself, who has prolonged championed EDM and just lately teased the sale of an NFT techno song. The website page also prompt that DogeFest would involve Dogecoin “as payment for every thing.”
As soon as Musk chimed in, legions of crypto supporters joined the discussion to conceptualize the fest. A single mentioned that tickets must be dispensed as NFTs (non-fungible tokens), whilst a different mentioned that Baha Men—the group behind the legendary “Who Permit The Pet dogs Out”—should headline.
It turns out, even so, that organizing for an unrelated Dogecoin-themed competition was currently underway prior to the viral DogeFest instant.
An occasion called Dogepalooza has been in the is effective since as early as May perhaps 2021, when organizers submitted a trademark for the title, as 1st noted by Benzinga. The filing notes that the occasion would include the classes of “conducting enjoyment exhibitions in the character of new music festivals” and “arranging and conducting festivals featuring musical teams and rock audio.”
Dogepalooza, which associates referred to as “a enjoyment way to provide the Doge Group together to share their enthusiasm and adore for Dogecoin” on the event’s web-site, is at this time being planned for fall 2021. No concrete location or dates have been introduced at the time of this article’s publication.
Meanwhile, Dogecoin surged nowadays on the heels of the information that the token would be stated on Coinbase’s Pro system. As of this morning it was investing at 42 cents, giving it a $54 billion sector cap and creating it the sixth-most significant cryptocurrency by sector price, according to Coinbase. Buying and selling is predicted to start tomorrow, June 3rd.
Musk, an early adopter of Dogecoin, took to Twitter to rejoice the information. Previously in the working day, the hashtag #DogeCoinToADollar trended on the system.
