For the first time ever, a Major League Baseball team sold tickets in exchange for the meme cryptocurrency dogecoin
DOGEUSD,
+15.15%.
The Oakland Athletics organization announced it would sell pairs of seats at RingCentral Coliseum for 100 dogecoin — the value of one dogecoin surpassed 50 cents as of Tuesday morning, valuing the two-seat pod at a total of about $50.
When owner Dave Kaval announced the seats had been sold, he called the sale the “first dogecoin transaction in MLB history!” For the 100 dogecoin purchase price, buyers got two seats for all four games of a series against the Toronto Blue Jays.
The Oakland A’s have done similar cryptocurrency transactions in the past as the team started selling tickets for bitcoin
BTCUSD,
+4.70%
in March 2021.
The A’s join the NBA’s Dallas Mavericks as the only American professional sports teams that welcoming dogecoin ticket transactions. Mavericks owner Mark Cuban has been a proponent of the cryptocurrency in the past, saying it was a wiser purchase than a lottery ticket, if nothing else.
See also: Top NFL draft pick Trevor Lawrence signs endorsement deal with crypto app Blockfolio
It’s important to check any crypto transaction fees you may incur when making purchases with dogecoin or any other cryptocurrency.
Dogecoin started out as a “silly joke,” according to founder Billy Markus but has gained a cult following in recent months as Cuban, Tesla
TSLA,
-0.31%
CEO Elon Musk and others have been touting it.
Similar to bitcoin and ethereum
ETHUSD,
+0.33%,
dogecoin is a peer-to-peer, open-source cryptocurrency. Dogecoin trades under the ticker symbol “DOGE” and features the face of the shiba inu from the popular doge meme as its logo.
Dogecoin prices are spiking, having gained 1,371% in the past three months. The Dow Jones Industrial Average
DJIA,
+0.53%
is up 11% in that span, while the S&P 500
SPX,
+0.40%
has advanced by 8.7%.