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.

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
Little tiger
Yo! I'm Little tiger. In high school, I was voted biggest teacher's pet. Sometimes I daydream of a life full of picking flowers, salad, and summoning ghosts. I like your face.
No Future #2/15
None.
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YouTube logo factory. 10-second loop, 30 fps. Created using Cinema4D, X-Particles, TurbulenceFD, Octane, and After Effects.
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.
The River Plate Machine
Digital illustration for the cover of These Football Times magazine in its issue dedicated to the Argentine football team "Club Atlético River Plate". Original from 2020. For this cover I have created a complex machine that links all the generations and legends of the club with its great shield and emblem crowning the center as the heart of the fantasy machinery. Full of details and ornaments this is a highly detailed work. An authentic trip to the history of River through the imagination and the colors of the club. The most significant titles of the club are also included, such as the Libertadores Cup, the famous Intercontinental and the new Super Liga and the Argentine Cup in its newest cup design. If you see a hen, don't be surprised, it is the nickname that its fans give themselves, and they like it. ----- https://javierarres.com/about.html