A token based on the Ordinals protocol from the Honey Badger collection sold for 10.4 BTC ($450,000). This is a new record in the segment.
We just witnessed the highest Ordinal sale of all time…
Inscription #8
🟧🟧 10.4 BITCOIN SALE 🟧🟧@TheOG_General you are a LEGEND pic.twitter.com/c4uf0R4p0U
— Magic Eden on Bitcoin 🟧 (@MEonBTC) December 7, 2023
The Ordinals protocol allows you to create ordinal numbers for individual satoshis and attach data to them via TapRoot. This technology is used to create so-called Bitcoin NFTs, known as “inscriptions.”
The market for digital art powered by Ordinals continues to evolve. On December 7, 2023, it became known that the Sotheby’s auction house put up for auction tokens from the BitcoinShrooms collection.
Honey Badger is one of the early collections, which includes about 10 thousand “inscriptions” with a serial number from 8 to 1029518. One of them was sold for 10.4 BTC.
Digital art item number 8 from this collection was purchased by a user of the social network X (formerly Twitter) under the pseudonym OG General. “Inscription” was purchased by him on the Magic Eden marketplace.
🪖 Inscription #8 was inscribed when almost no one cared about inscriptions, on Jan 15 at 1 sat/vB. “Ordinals Can not be stopped!!” Back to work, I am just warming up. LFG!! Thanks to the legends @mfigge and @huuep for providing an early insight to me months ago about… pic.twitter.com/V6cOmY3sLF
— OG General (@TheOG_General) December 8, 2023
Source: Cryptocurrency
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