Author: Delphi Digital Source: X, @Delphi_Digital Translation : Shan Oppa, Golden Finance
In February, @0xPrismatic and @yh_0x released "Bitcoin Engraving and Rune Frenzy" 》. The report analyzes noteworthy Bitcoin inscription collections and Bitcoin art sections. Dive into inscriptions, runes, meta-protocols, Bitcoin art, noteworthy projects, collectibles, and more. This article briefly analyzes the 4 Bitcoin NFT projects in the report.
FloraForms is a 10,000-piece generative art collection with Vienna-based Bei Created in collaboration with the Friedrichshafen Museum. It draws inspiration from Gustav Klimt's work "The Kiss". This series can be minted for only an engraving fee, and uses parent-child origin relationships for clear on-chain tracking.
By using recursive engraving, only a 160-byte inscription is required, although each artwork exceeds 2MB in size when downloaded. The parent recursive inscription is compressed to only 12KB.
The floor price currently stands at 0.007 BTC, up +133% since the report was published.
What makes this series unique is the combination of recursive inscriptions and "cursed" inscriptions. The "Curse" inscription represents a landmark event in the history of Ordinals, with the indexer initially assigning a negative number prior to the recent upgrade. These inscriptions now hold a special place in the origins of the Bitcoin art and cultural movement.
Will this artwork become the Holy Grail of recursive collecting?
Since the publication of our in-depth analysis, demand for this artwork has been strong, with the price increasing by +60%.
Nodemonkes are The world's first collection of 10,000 avatar NFTs engraved on the Bitcoin blockchain. The first sale took place via a Dutch auction, with the final price being 0.03 Bitcoin per NodeMonke.
What makes the series unique is a series of idiosyncrasies intertwined with internet memes and inside jokes. For example, some traits reference famous crypto memes, such as laser eyes.
The narrative in the making: Monkeys are Bitcoin’s CryptoPunks.
With just two months until launch, it might be premature to call NodeMonkes the Bitcoin version of CryptoPunks. To truly earn this title, their community members must first become significant contributors and thought leaders in the Bitcoin space.
However, as belief in this narrative continues to grow, it may well evolve into a self-fulfilling prophecy.
Floor prices have increased 26% since we published the report.
4.Flares
0xfar, artist of Taproot Wizards and Quantum Cats, launched in February 2024 FLARES series. FLARES is a collection of 512 generative artworks from the PARALLAX series, with world-building and atmospheric elements.
Each FLARES artwork has a unique dynamic appearance through 21 different types generated using the three.js algorithm. The series debuted on the Gamma platform via a Dutch auction with a base minting price of 0.015 Bitcoin and quickly sold out.
Since we published our in-depth analysis report, the floor price has surged 50% to 0.06 Bitcoin.
On March 12, according to the Wall Street Journal, Nigeria, Africa’s largest economy, accused Binance, the world’s largest crypto exchange, of causing the collapse of its currency and detained two of its executives, taking the situation to a new level.
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