📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
A landmark item in digital culture is about to enter the auction market. The widely known pink hat from the Dogwifhat Meme series, created in 2018, has now become the focus of the auction. Currently, the starting price for the hat has reached an astonishing $50,000, and industry insiders predict that its final selling price may fluctuate between $80,000 and $200,000.
This high price has sparked discussions about the valuation of digital assets. As an item rooted in internet culture, its value far exceeds that of ordinary accessories. This not only reflects the significant role of digital art and internet culture in contemporary society but also highlights collectors' enthusiasm for unique digital cultural products.
However, such a high auction price has also raised some questions. In the current economic environment, is such a price reasonable? Are there enough buyers willing to invest such a huge sum for a digital cultural symbol? These questions are not only related to the pricing of digital assets but also involve broader topics such as market liquidity and investor confidence.
Regardless of the final auction result, the auction of this little hat will undoubtedly become an important case of the intersection between digital culture and the traditional art market, deserving our continued attention.