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The world-renowned art auction house Sotheby’s has announced the opening of an auction for the first selected collection created on the Bitcoin Ordinals protocol. The auction, named “Natively Digital: An Ordinals Curated Sale,” includes 19 pieces such as rare Satoshis, works by pioneering Bitcoin Ordinals artist Shroomtoshi, generative art, and an NFT associated with the Bitcoin Ordinals brand Taproot Wizards.
Notable Statements from the Sotheby’s Team
The aforementioned auction will continue until January 22. The Sotheby’s team made the following statement regarding the auction:
“This auction sheds light on the incredible creative diversity within the Bitcoin ecosystem as Ordinals experienced significant growth last year.”
Previously, Sotheby’s completed its first Bitcoin Ordinals auction on December 7. The auction featured three pieces from the BitcoinShrooms collection, considered one of the first Bitcoin Ordinals projects created by Shroomtoshi.
Following the auction, Sotheby’s announced that the auction closed with earnings of $450,850, which was five times higher than the total estimate set for the three pieces. Sotheby’s digital art head Michael Bouhanna stated:
“Last month’s sale of three BitcoinShroom pieces was a test step to introduce Ordinals to the auction market. The great success of this sale is proof of Ordinals’ explosive growth as a new arena for artists and creators to expand access to digital art and collections and leave a permanent mark on the Bitcoin blockchain network. As Ordinals continue to attract collectors’ interest, this new path will expand the boundaries of how we conceptualize digital collections and highlight the unique convergence of digital art and crypto culture.”
Ordinals and the Bitcoin Network
The Ordinals protocol, which emerged on the 15-year-old Bitcoin blockchain network in 2023, has managed to attract the attention of many investors. Ordinals, which allows NFT and token projects to be transacted on the Bitcoin network by writing code on Satoshi, the smallest unit of Bitcoin, has taken a revolutionary step.
Despite the significant increase in transaction fees on the Bitcoin network and the congestion on the network leading to criticism from many Bitcoin investors, the Ordinals protocol has managed to build a substantial community during this period.
