'Bitcoin NFT' Hysteria Comes to Sotheby's as Super-Mario-Style Mushroom Character Tops $200K
Summary
Sotheby's auctioned off "inscriptions" from the BitcoinShrooms collection, created using the Ordinals protocol on the Bitcoin blockchain. The sale fetched $450,000, surpassing estimates and highlighting the growing demand for NFTs on Bitcoin. Three images were sold, including a pixelated avocado that sold for over $100,000 and a design inspired by Super Mario that sold for over $240,000. Two-thirds of the bidders were new to Sotheby's, and there are plans for more sales in the future. The popularity of these inscriptions has sparked a debate among Bitcoin users and developers regarding their usage on the blockchain.
