The first Ordinals NFT to be listed at Sotheby's, what is the origin of BitcoinShrooms?

Original author: Nancy, PANews

After a hiccup of the block-size route battle, Ordinals’ BTC NFT narrative is gaining mainstream acceptance. Recently, international auction giant Sotheby’s announced the auction of the Ordinals project BitcoinShrooms, which is its first auction of BTC NFTs. Why did BitcoinShrooms become the first Ordinals artwork to be auctioned by a top auction house?

According to Sotheby’s official information, the Ordinals project BitcoinShrooms will be auctioned online from December 6 to 13 (EST), and there are currently three works available for bidding, including two mushroom individuals and a pixelated avocado seed, which are expected to sell for about $20,000 to $30,000, with cryptocurrency bids acceptable.

The “S” is Inion 38, which represents self-sovereignty and has received 45 bids for $38,000, and Sovereign Individual, which is an Inion 715, inspired by Rees-Mogg’s 1998 classic The Sovereign Individual , which predicts the emergence of a cryptography-based digital currency to avoid government control, is the highest bid of the three current titles, with 25 bids, and BIP 39 Seed, named after the common standard of mnemonic codes needed to create seed phrases, that is, self-sovereignty means controlling one’s own BTC private key, and has received 31 bids.

Designed by anonymous artist Shroomtoshi, BitcoinShrooms aims to capture the zeitgeist of cryptocurrencies through nostalgia and hyper-reference modes and to educate and inspire appreciation for the cultural and technological revolution of BTC. BitcoinShrooms claims to be the first Ordinals NFT collection, which was originally minted on-chain on October 22, with a pixel art as a whole, and more than 200 of the first 1,000 inscriptions belong to BitcoinShrooms. According to the Ordinals design rules, the protocol assigns a unique number to each “Satoshi”, and the higher the ranking, the rarer it becomes, and has now surpassed 40 million inscriptions.

It is worth mentioning that in February of this year, after BitcoinShrooms held an auction on the BTC auction platform Scarce.City for users of the active discord community, and its auction price was pushed all the way to 2.5 BTC (worth about $60,000 at the time), BitcoinShroom urgently canceled the auction a day earlier and made a donation to the BTC development kit, Bitcoin Dev Kit.

And the auction house seems to have given a reason for BitcoinShrooms’ inclusion at Sotheby’s, “The BitcoinShrooms collection contains a wealth of references, from iconic BTC memes to advanced technical concepts, and each piece showcases BTC history, culture, and core program, like a visual symphony that captures the essence of BTC from the perspective of early people.” ”