The months-long debate over the rightful heir to the Doge throne may have received an official resolution. On Monday, the team behind Own the Doge, a DAO dedicated to preserving the legacy of the original Doge meme and its creators, announced it has been granted IP rights to the likeness of Neiro, the newest dog owned by the meme’s creator, Atsuko Sato.
After the passing of Kabosu, the Shiba Inu who inspired Dogecoin, Sato adopted another Shiba Inu named Neiro. As Dogecoin is currently worth around $59 billion, it took no time for degens to start creating various Neiro-inspired meme coins. Several tokens were launched in an attempt to capitalize on Neiro’s name and story, leading to a war over which Neiro token was the real deal.
However, none of them had Sato’s official approval. Now, the Own the Doge DAO plans to adjudicate the situation, combining Sato’s blessing with decentralized voting mechanisms. The DAO will have its members vote on which Neiro meme coin, if any, should receive the designation of officially holding proper IP rights.
A representative of Own the Doge told Decrypt that most of these votes are likely to take place after the holidays. Atsuko Sato will serve as a “guiding light” throughout the process and will have ultimate veto power over any decisions reached by the DAO. Both Sato and Own the Doge could also decide to back no Neiro meme coins at all.
Holders of DOG, Own the Doge’s official token, will be eligible to vote via the organization’s DAO on any potential Neiro-related resolutions. A decent amount of money could be impacted by the DAO’s votes. One Neiro-themed meme coin on Ethereum currently has a market capitalization of nearly $663 million.
Another, on Solana, is hovering around $5 million.
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