Sotheby's recently hosted its first-ever auction of "inscriptions" created using the Bitcoin blockchain's Ordinals protocol. This event, featuring the "BitcoinShrooms" collection, garnered significant attention, drawing approximately $450,000 – five times the highest estimates. The auction included three images: a pixelated avocado and a Super Mario-style mushroom character, which sold for over $100,000 and $240,000, respectively. This success, reminiscent of the early NFT frenzy, signifies a new chapter in the digital asset market, previously dominated by Ethereum-based NFTs. The Ordinals inscriptions, introduced by Casey Rodarmor, have sparked debate within the Bitcoin community over their alignment with Bitcoin's original vision as a peer-to-peer payment network. The BitcoinShrooms collection, created by the pseudonymous artist Shroomtoshi, exemplifies the growing popularity and potential of Bitcoin in the NFT space.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.