Despite the controversy surrounding the Ordinals protocol recently, registrations on the Bitcoin (BTC) network are popular. Proof of this is the Sotheby’s auction that offered “BitcoinShrooms”. The collected amounts really exceeded expectations.
Sotheby’s First Ordinals Sale: BitcoinShrooms
The legendary auction company Sotheby’s has been increasingly betting on non-fungible tokens (NFTs) in recent months. Until then, however, it had not yet engaged in Bitcoin (BTC) registrations, through which it is possible to create NFT equivalents. Now it’s a done deal: Sotheby’s just closed its first sale, based on the “BitcoinShrooms” collection..
👉 To go even further – What are Bitcoin Ordinals and how are they different from NFTs?
It is about from the collection of statements on Bitcoin, whose appearance strongly resembles the style of Mario games. Here is the description given on the Sotheby’s website:
“Skillfully weaving together the fine tapestry of Bitcoin history, culture and technical details, each unique, pixelated, handcrafted piece forms part of a masterful guide. towards the revolutionary sphere of bitcoin.»
Created by artist Shroomtosi, the visuals are references to Bitcoin’s history and include memes and nods to what makes the cryptocurrency the greatest.
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Considerable success with this first registration sale
There was a lot of interest in selling Ordinals, as the sums exceeded Sotheby’s estimates. A pixelated mushroom that strongly resembles those from the Super Mario franchise sold for $240,000. The pixelated avocado was valued at around $20,000 but ended up selling for $101,600. In total, the sale of three unique pieces brought in $450,000.
👉 Further Reading – Bitcoin Developer Wants To Ban Ordinals – Will They Really Go Away?
So it shows that the NFT equivalent on the Bitcoin blockchain can find an audience – and a rich audience. It should also be remembered that the debate raging in the Bitcoin community about Ordinals is, as is often the case, market-based. In this case, the market has spoken and objects of this type prove that they find their place in an institution like Sotheby’s.
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Source: Sotheby’s
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