The Block Crypto News14 minutes ago

Published on April 19, 2024 19:28 GMT+00:00edited on April 19, 2024 19:31 GMT+00:00

A group of meme-loving crypto netizens has purchased the rights to the Shiba Inu picture linked to Dogecoin and the doge meme.

Own the Doge, a decentralized autonomous organization (DAO), bought the rights to an iconic image of 18-year-old Shiba Inu Kabosu from the dog’s owner, the group’s co-leaders told CoinTelegraph. The photo of the bewildered pup sitting on a couch gained notoriety in crypto circles, inspiring a meme called “doge” that features the pup surrounded by multicolored snippets of text that represent some type of internal monologue, according to meme encyclopedia KnowYourMeme.

The group hopes its purchase will give it sole licensing authority over the image, allowing it to strike lucrative deals with brands that want to capitalize on the image's popularity by creating …