07/02/2024 Bitcoin NFTs 'Quantum Cats' Fetching 0.24 BTC ($10K+) on Magic Eden Marketplace

Taproot Wizards' New Bitcoin NFTs Already Trading at Twice the Initial Sale Price.

Even after a weeklong minting process marred by technical issues, the Quantum Cats digital images were going for more than $10,000 each on the NFT marketplace Magic Eden, on their first day of secondary trading.

Investors who bought the freshly minted "Quantum Cats" NFT-like images from the Bitcoin Ordinals project Taproot Wizards were already flipping them on Tuesday for more than twice the initial sales price – in a sign of enduring demand for digital art inscribed onto the original blockchain.

The lowest available price for the Quantum Cats listed on the NFT marketplaceMagic Edenwas 0.243 BTC ($10,481) on Tuesday, versus the fixed price of 0.1 BTC each in the primary mint that concluded Monday.

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According to Magic Eden, 115 BTC worth of trading volume had transpired within hours after the Quantum Cats were delivered to their original owners. Some 507 of the images were still listed for sale.

The original minting of 3,000Quantum Catsclosed on Monday, with the series selling out – theoretically bringing in about $13 million of revenue for the Taproot Wizards project from its debut collection.

That was despite much angst over the past week as the Taproot Wizards minting website wasplagued by technical issues, causing frustration and leading to widespread complaints on the project's Discord channel. A suspension of the process on the first day was followed by multiple postponements.

This week's results showed buyers undeterred, with the proceeds well exceeding the $7.5 million that the Taproot Wizards, led by co-founders Udi Wertheimer and Eric Wall, raised from in vestors last year.

The project has ridden a wave of enthusiasm for the Ordinals inscriptions, sometimes referred to as "NFTs on Bitcoin."

The Ordinals protocol and its "inscriptions" – launched in early 2023 by creatorCasey Rodarmor– effectively allows NFTs to be minted and stored on the Bitcoin blockchain.

Previous waves of NFT hype were focused on other blockchains, such as Ethereum, that have historically been seen as more programmable than Bitcoin, which is the oldest blockchain and still the largest by market capitalization.

Arts

https://www.coindesk.com/tech/2024/02/06/taproot-wizards-new-bitcoin-nfts-already-trading-at-twice-the-initial-sale-price/amp/

Interesting NFTs
#78483
By OthersideDeployer
Fuku-Shiva
The term “Fuku” refers to fortune or good luck. “Shiva” refers to the Hindu deity who represents strongly polar qualities, both severe and delicate. On a beach inspired by adventures on Phi Phi island in Thailand, three youths cavort. Two are representational figures and the third is psychologically rendered. A dynamic relationship ensues between the triad; a reciprocity of active and passive states. The boy on the right engages in maneuvers of evasion, defense, and is dressed in a speedo which reiterates the colors and symbolism of the caution tape on the left and upper right frame of the composition. In concurrent reaction the psychedelic figure shoots out a rocket powered paper airplane. The nude boy seated in the froth and sand approaches in passive repose, and is met with active attention but equal physical reserve by the psychedelic being. Perhaps the most naked figure is also the least representational. Looming large, dynamic, and active, it engages its companions playfully. Various symbols interject into the otherwise naturalistic scene, most notably a beach ball and two contaminated barrels nested in the sand. The upright barrel reads “FukuShima” in Kanji. The barrel laying down reads “Dharma”. To the left the scene is bounded by caution tape, reiterating the danger of the nuclear waste while also hosting alien archetypes, whose presence, as is the nature of these entities, runs up and just behind the consciousness of the psychedelic figure’s eggshell-like skull.
Blindfold
I sure hope this is see-through. Otherwise someone is going to have a bad time in the dungeon.
Bloody Monkey
Artist notes: straight up side ya head + VERY valuable RED CIRCLE!! WOW.!!
Chromie Squiggle #7583
Simple and easily identifiable, each squiggle embodies the soul of the Art Blocks platform. Consider each my personal signature as an artist, developer, and tinkerer. Public minting of the Chromie Squiggle is permanently paused. They are now reserved for manual distribution to collectors and community members over a longer period of time. Please visit OpenSea to explore Squiggles available on the secondary market.