Elvis Presley, the King of Rock and Roll, has made a digital debut in the Bitcoin ecosystem with a new collection of generative art, "Elvis Side $Btc."
This series features 1,935 unique images, brought to life by Royalty, a Bitcoin-focused intellectual property project, in collaboration with OrdinalsBot.
Generative artwork titled "Elvis Side $Btc," inspired by artist Joe Petruccio.
The artwork is inspired by renowned artist Joe Petruccio, who holds a license from the Elvis Presley Estate, giving a special authenticity to this collection.
Joe Petruccio pictured on the left.
The Ordinals protocol has introduced a new way of embedding data onto Bitcoin.
By allowing data to be inscribed onto individual satoshis—the smallest unit of Bitcoin (1/100,000,000 of a single BTC)—Ordinals makes each of these digital pieces unique.
This uniqueness turns them into a Bitcoin-based form of non-fungible tokens (NFTs).
While NFTs gained widespread popularity in 2021, particularly on Ethereum, Ordinals brings a similar digital art concept to the Bitcoin blockchain.
OrdinalsBot has rapidly become a dominant player in the Bitcoin digital art space.
The platform claims responsibility for 80% of the 10 largest files inscribed onto the Bitcoin network.
Among its most notable achievements is the inscription of a manifesto from the privacy-focused tech stack Logos.
This monumental inscription, which took up nearly 4 MB of block space, cost 3.5 BTC, the equivalent of $235,000.
Toby Lewis, co-founder of Ordinals, likened these high-profile inscriptions to securing a permanent presence on Bitcoin.
"We see it as being like acquiring a billboard in Times Square because of the visibility that it gives you within the Bitcoin network and that will last forever," Lewis explained to CoinDesk.
However, the Elvis Presley collection uses standard inscription methods, focusing on regular-sized data rather than the "four megger" blocks used in larger inscriptions.
Royalty plans to build a lasting impact for Elvis Presley’s digital legacy through a decentralised autonomous organisation (DAO) known as the Elvis Legacy Council.
In an effort to shape the future of Elvis’ presence in the digital world, the DAO will be funded through the sales of the Elvis Side $Btc collection.
A litepaper, set to be released soon, will outline the exact plans, including how 5% of the revenue generated from primary and secondary sales will directly benefit this council.
This unique intersection of art, legacy, and blockchain demonstrates a forward-thinking approach to preserving and expanding one of the most iconic cultural figures of the 20th century.
By partnering with OrdinalsBot, the Elvis legacy seamlessly transitions into the Bitcoin ecosystem, offering fans and collectors a fresh, engaging way to connect with the King of Rock and Roll in 2024.
Moreover, this initiative not only fosters a tangible connection for fans to their idols but also sets a powerful precedent for other cultural icons to explore how blockchain can preserve and evolve their digital identities.
Will fans of pop culture legends like Michael Jackson seize the opportunity to engage with the blockchain revolution, securing their legacies in an increasingly digital world?
Donald Trump has raised approximately $7.5 million in cryptocurrency donations for his 2024 presidential campaign, with major contributions coming from Bitcoin, Ether, and XRP. The influx of crypto donations reflects his shift from a critic to a pro-crypto candidate, gaining support from key figures in the industry.
AnaisTesla has transferred over $760 million worth of Bitcoin to various wallets, emptying its cryptocurrency holdings. This move comes after a long period of dormancy and raises questions about the company's future plans for Bitcoin, especially as CEO Elon Musk has previously hinted at potentially accepting it as payment again.
JoyLarry Fink declares bitcoin a legitimate asset class, rivaling gold. He emphasises market growth driven by acceptance and transparency, anticipating further advancements in digital assets and blockchain technology.
EdmundNorth Gyeongsang Province seized $890,000 in crypto from residents who failed to pay taxes. The province aims to recover $136 million in unpaid taxes by the end of the year, using aggressive measures against tax evaders.
AnaisA recent survey revealed that only 7.5% of Salvadorans use Bitcoin for transactions, despite the government's efforts and investments since it became legal tender in September 2021. Most citizens prefer the government to focus on education and industrial development rather than Bitcoin, highlighting a disconnect between official policies and public priorities.
WeatherlyGoogle has just left Bitcoin investors scratching their heads as to why the search engine has removed the live price charts for Bitcoin and other cryptocurrencies
XingChiChinese stocks opened higher on Monday and Bitcoin surged above $64,000 as investors assessed the potential impact of economic stimulus measures announced by the Ministry of Finance over the weekend.
MiyukiBitcoin surged past $64,000 on Monday, with analysts combining technical indicators such as RSI, order book liquidity and moving averages to suggest that a breakout above $65,000 is increasingly likely.
AlexBitcoin's global interest has dropped to its lowest in a year, while memecoins are gaining popularity with significant search and trading activity. Despite concerns about their risks, memecoins continue to dominate the crypto market in 2024.
AnaisSouth Korean Financial Supervisory Service Head, Lee Bok-hyun, intends to discuss Bitcoin ETFs with SEC Chairman Gary Gensler during his US visit. Meanwhile, spurred by US approval, Asian leaders, notably in Hong Kong, explore local Bitcoin spot ETF launches.
JoyA hacker's sale of KodexGlobal access threatens major tech and crypto firms, risking user data privacy and intensifying calls for enhanced security measures.
WeiliangSouth Korea is intensifying its cryptocurrency regulation and engaging in critical dialogue with the U.S. SEC, signaling major strides in its financial and digital asset landscape.
BrianRoblox's new AI model enables real-time, cross-language communication, fostering global connections among its 70 million daily users.
BrianRipple Labs' legal battle with the SEC, highlighting the tension between cryptocurrency innovation and regulatory oversight, and its broader implications for the future of digital finance.
WeiliangPost-Terra's collapse, executives face extradition and potential life sentences, sparking major regulatory reforms in South Korea’s cryptocurrency landscape.
MiyukiVast Bank exits cryptocurrency, reflecting broader banking industry challenges amid regulatory scrutiny and strategic reassessment of digital asset integration.
AlexExplore GoMining's revolutionary approach to Bitcoin mining through NFTs, offering accessible, efficient, and flexible mining strategies for every investor.
AlexContrary to Western perceptions of a complete crypto ban, China's cryptocurrency trade persists, with Binance recording $90 billion in a month. The nuanced reality reveals legal gaps allowing individuals to hold and engage in peer-to-peer trading, challenging the narrative of a blanket ban.
JoyGoDaddy partners with ENS, enabling users to link domain names with Ethereum addresses, simplifying access to Web3 applications amidst a transformative digital landscape.
Weiliang