08/03/2024 Bitcoin NFT NodeMonkes Sells for $1M as BTC Inches Toward $69K

Bitcoin-based collections traded more volume than Ethereum collections in the past 24 hours, which shows network adoption as bitcoin prices inch closer to highs.

Digital pictures of pixellated comic monkeys on the Bitcoin blockchain became the most-traded Ordinals collection in the past 24 hours as a bitcoin(BTC)rally shows no signs of slowing.

Called NodeMonkes, the collection crossed over $11 million in sales volumes, Cryptoslamdata shows, setting an all-time high on Monday. The project went live in December 2023 at an initial listing price of nearly $9,000.

The collection claims to be the first 10,000-count profile picture collection on Ordinals, a way to inscribe text, data and art on individual fragments of bitcoin.

While NodeMonkes launched in December 2023, the actual artwork was imprinted on Bitcoin in February last year, before other early collections such as Bitcoin Frogs and Space Pepes. Such an aspect gives the collection a sense of exclusivity and rarity in the eyes of investors.

One such “monke” sold for over $1 million worth of bitcoin earlier Monday. The floor price – or the minimum price of a certain piece – is at least $52,000, while owners of monkes deemed to be rarer have set a listing price ofas high as $65 million.

SOLD: Alien Hoodie (#2769) for 17 btc ($1,080,000) on M.E.

The first million dollar monke sale.

Congratulations to buyer & seller.

—— SEND NODES ——pic.twitter.com/9DrvZBJH2X

— NodeMonkes ◉ (@nodemonkes)March 4, 2024

As such, Bitcoin-based collections traded the most volumes in the past 24 hours at $35 million compared to the usual leader, Ethereum (at $22 million) – indicating a surge in demand for Bitcoin-based assets.

Bitcoin NFT sales surpassed those of Ethereum. (Cryptoslam)Bitcoin NFT sales surpassed those of Ethereum. (Cryptoslam)

Some observers expect such Ordinals activity to continue in March.

“Ordinal inscriptions have been heating up immensely and should be a major focal point of March,” shared Mark Wilson, a representative at meme coin project Dogelon Mars, in a Telegram message. “The Runes protocol will also be highly anticipated as we approach April and the halving.”

Bitcoin crossed the $65,000 mark earlier Monday, adding nearly 5.4% in the past 24 hours. TheCD20, a broad-based liquid index of various tokens, jumped nearly 5.8%.

Arts

bitcoin-nft-nodemonkes-sells-for-1m-as-btc-inches-toward-69k

Interesting NFTs
Poem by Funya no Asayasu, court pages in boat trying to keep it steady in the wind as they harvest lotus leaves, from the series One Hundred Poems by One Hundred Poets, Explained by the Nurse
Katsushika Hokusai (1760-1849) Poem by Funya no Asayasu, court pages in boat trying to keep it steady in the wind as they harvest lotus leaves, from the series One Hundred Poems by One Hundred Poets, Explained by the Nurse late 1830s - Japan
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.
CryptoPunk #5822
By C352B5
0.02 G2 celurian
Aloha! I'm 0.02 G2 celurian. I enjoy tripping my owner, tricking babies, and grooming. I once got in a fight with a labradoodle, and won. I can't wait to wake you up at 4am for seemingly no reason.
Bored Ape Yacht Club #3749
The Bored Ape Yacht Club is a collection of 10,000 unique Bored Ape NFTs— unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card, and grants access to members-only benefits, the first of which is access to THE BATHROOM, a collaborative graffiti board. Future areas and perks can be unlocked by the community through roadmap activation.