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
Eyepatch
This eyepatch is just for show. It will make you look twice as cooler, by letting you see half as much.
The Pixel
The Pixel is a single pixel statement. It is created to validate. The Pixel is a digitally native artwork visually represented by a single pixel (1x1). It is a token that signs the most basic unit of a digital image in a traditional global auction house. It is a tiny mark to carry digitally native art to a potential future history.
Who is Satoshi Nakamoto?
"Who is Satoshi Nakamoto?" is dedicated to the mysterious creation of Bitcoin, and acts as the showcase artwork within Javier ArrĂ©s’ exploratory series "Bitcoin, The Origin". "Who is the creator of Bitcoin?" The artist, ArrĂ©s, explores this question, and the feelings of doubt and mystery that accompany it, through his unique artistic language. An unknown, an enigma. It should be remembered that the name Satoshi Nakamoto is a pseudonym of Bitcoin's author or authors and gives us little insight into its true creator. For this Visual Toy, ArrĂ©s uses the signature claw machine, his famous half-operation, to symbolize our collective ignorance and unconfirmed belief: As soon as it has the stuffed animal within its grasp and appears to have solved the puzzle, the animal escapes again, and again. At present, there are three more public and studied possibilities who are either believed to be the creators of the currency or who directly claim the creation of it. It may be all or none of them, yet these three personalities leave us clues which are an important part of this interesting enigma. For this moment, it will remain unknown... In this artwork, ArrĂ©s elevates the claw machine from the apparatus, to an iconic pop art object serving as an important element to the Bitcoin creation narrative. Action is everywhere, with each movement serving an iconographical or metaphorical purpose related directly to cryptocurrency: Various ups and downs, roller coasters, mining points, robot, coins and more speak to a sense of hope, risk, mystery, randomness and possibility of pay out. Hundreds of manically thought out details make this creation one of the artist’s most complex Visual Toys to date. ------- "Bitcoin, The Origin" is a set of two Visual Toys, titled "Who is Satoshi Nakamoto" and "It’s Alive!" which reflect and explore the mystery and enigmas behind the creation of Bitcoin. ArrĂ©s presents these proposals to us in his signature style, full of iconography, fantasy, maniacal animations and a panoply of details (both subtle and overt) which simultaneously fascinate, hypnotize, and narrate this historical milestone through the singular vision of the artist. Through this series, ArrĂ©s freezes a crucial moment of cryptocurrency history, taking a still photo under his vision and turning it into two unique crypto artworks. ---- More info about Javier ArrĂ©s: https://javierarres.com/about.html
Mars House
Mars House is the first NFT digital house in the world. Upon purchase of Mars House NFT, 3D files will be sent to the new owner by Krista Kim Studio Inc. for file upload to the owner’s Metaverse. Technical support for Mars House integration on Metaverse is provided. (Architectural Digest, March 14, 2021) “Kim ventured into NFTs while exploring meditative design during quarantine; her hope was to use the influx of digital life as an opportunity to promote wellbeing. Comprised entirely of light, the visual effects of her crypto-home are meant to omit a zen, healing atmosphere. The artist also partnered with musician Jeff Schroeder of The Smashing Pumpkins to create a calming musical accompaniment. So what makes the file a compelling purchase? Beyond the promise of buying into the lucrative NFT market, the home and all of the furniture in it can be built in real life by glass furniture-makers in Italy, as well as through MicroLED screen technology. Kim also has a strong visions the art being projected, as well. “Everyone should install an LED wall in their house for NFT art.” says the artist. “ This is the future, and Mars House demonstrates the beauty of that possibility.” The owner is in agreement to the following terms and conditions upon purchase of Mars House (hereby referred to as Mars House NFT): The collector agrees to own one copy of Mars House NFT on a single Metaverse platform. The collector is required to register Mars House NFT ownership with Krista Kim Studio Inc. Krista Kim Studio Inc. will provide technical support to upload and integrate Mars House NFT on a Metaverse platform. If/when Mars House is resold, the collector is required to delete all Mars House NFT 3D file(s) from his/her Metaverse, and provide verification of deletion to Krista Kim Studio Inc. before new 3D files are transferred to the new owner by the artist. The new owner is required to register Mars House NFT ownership with Krista Kim Studio Inc. Krista Kim Studio will send Mars House NFT 3D files directly to the new owner and provide support for Metaverse integration. This verified ownership transfer system will be appointed to Krista Kim Studio Inc. trusteeship, after 40 years of the date of the sale. Krista Kim Studio Inc. retains ownership of Mars House NFT copyright. All rights reserved. All reproductions of Mars House (NFT) in both digital and physical formats, are restricted. Mars House NFT physical furniture pieces, made of tempered printed glass in Italy, may be commissioned by the collector as NFT physical pieces.
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By OthersideDeployer