worth about 95,000 dollars CryptoPunkIts NFT was added to the Bitcoin Ordinals inscription after it was burned on Ethereum.
Finding buyers for around 55 ETH over the weekend CryptoPunk #8611 The coin was burned shortly after it was sold and recreated on Bitcoin as the Ordinals inscription. Ordinals was launched earlier this year to create NFT-type assets on Bitcoin, although it lacks native support for tokens and NFTs.
150 People Gathered Their Funds To Bring The Initiative To Life
announced in May BRC-721EThe token standard provides a bridge for users to move NFTs from Ethereum to Bitcoin Ordinals via teleburning.
decryptThe idea behind this move, according to the news Bitcoin Bandits NFTWolf Capital developer backed by its community Nathan Stein posed by. Around 150 people raised their funds for this initiative, which aims to demonstrate the symbolic transition of NFT from Ethereum to Bitcoin.
While this attempt seems to be the first CryptoPunk to deliberately switch from Ethereum to Bitcoin, it has happened before. In March, 77 ETH owned by Brandon Riley CryptoPunk #685 was sent to a burning address by mistake and caused a significant loss for the investor. Community member on Olliesblog, NFT to be the first CryptoPunk Ordinal bitcoinre-launched it.
