A Shiba Inu dog meme will be auctioned off as a non-functional toy. Given its popularity and the ongoing meme NFT trend, a meme may fetch hundreds of thousands of dollars. Artists, celebrities, and sports figures have all turned to NFT to auction their popular artefacts instead of going to a typical auction house. The meme would be validated by Know Your Meme, an internet meme database, and bidding would begin on Tuesday.