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1. What is NodeMonkes?
1.1 Overview of NodeMonkes
NodeMonkes is a collection comprising 10,000 Pixel art-style PFP NFTs crafted on the Bitcoin network. This collection has witnessed substantial appreciation in value and garnered significant attention within the community, particularly following Gordon Goner's acquisition of a NodeMonkes and subsequent Twitter post. Each NFT commands a price of 0.75 BTC (equivalent to $47,000 USD) at the time of publication.
NodeMonkes, though categorized as NFTs, hold a more specific designation as a collection of inscriptions on Ordinals. This collection is notably recognized as the inaugural collection engraved onto the Bitcoin blockchain.
1.2. Key metrics
- Total Supply: 10,000 NFTs
- Creation Date: February 2023
- Average Sale Price: 0.03 BTC
- Sales Method: Auction
- Sale Date: December 21, 2023
- Trading Platform: Magic Eden Marketplace for NodeMonkes
NodeMonkes NFTs are auctioned, starting at 0.21 BTC, decreasing by 0.005 BTC every 6 blocks (approximately every hour). The auction closes after 8,000 bids. Within just four days of NodeMonkes claiming availability on Magic Eden, trading volume exceeded 500 BTC. As of writing, the collection's market capitalization is $480 million.
Similar to other collections, NodeMonkes possess unique traits determining NFT rarity. Users can explore these traits on nodemonkes.com.
2. Purchasing and Selling NodeMonkes NFTs
NodeMonkes are traded on the MagicEden marketplace in the Ordinals category. Users can transact using the Magic Eden wallet:
- Install the Magic Eden wallet from https://wallet.magiceden.io/.
- Create an account and securely store the 12-word seed phrase.
- Transfer BTC to the wallet for purchasing NodeMonkes.
- Access the NodeMonkes marketplace, select desired NFT, and click "Buy Now".
3. Project information
Website: https://nodemonkes.com/monkedex
Twitter: https://twitter.com/nodemonkes
4. Potential of NFTs in the Bitcoin Ecosystem
In any ecosystem, NFTs and memecoins are more than just images or tokens without value. They can serve as cultural symbols for those ecosystems. In reality, it's not just about technology; cultural values and unique imagery can also attract users to an ecosystem, helping it to grow and develop.
While Ethereum has CryptoPunks, Solana has Mad Lads, and Avalanche has Dokyo, within the Bitcoin ecosystem, NodeMonkes is gradually gaining favor from the community and steadily climbing to the top position in the niche. Cementing this leading position not only reflects the continuous increase in NFT values but also requires a community of Bitcoin maxis (those who love, hold, and tirelessly promote Bitcoin culture) to fervently support and engage in advocacy. Besides Gordon Goner, many other influential figures have acquired and are actively promoting NodeMonkes, facilitating its outreach to a wider user base, even though owning a single NFT is currently extremely challenging.
Moreover, as NodeMonkes successfully promotes NFT culture within the Bitcoin realm, other collections within the ecosystem will benefit and experience robust growth. Where there is culture, NFTs will continue to thrive. As long as Bitcoin continues to grow, Bitcoin NFTs, specifically NodeMonkes, will also reap the rewards.
In conclusion, the market and Bitcoin ecosystem are creating a supportive environment for the positive development of NodeMonkes. It is hoped that the project can continue to attract culturally-aligned individuals and expand its reputation in the market.
5. Conclusion
Although NodeMonkes currently lacks extensive backend product support, the project has already attracted a significant number of reputable individuals in the market. The success of NFT collections often stems from culture and community, which could be a significant advantage for NodeMonkes. Stay tuned to Theblock101 for further updates on NodeMonkes.
