Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Today’s blockchain ecosystem is replete with many projects ranging from Bitcoin, to those focused on Decentralized Finance (DeFi), and to Non-Fungible Token (NFT) projects respectively. These projects seek to advance the core capabilities of blockchain technology as one that can help revamp all aspects of human activities.
One of the most innovative digital collectible projects in the world, Bitcoin NFT has already lifted off, drawing attention from all around the world. Named after the world’s premier digital currency, Bitcoin, the Bitcoin NFT project seeks to command the same amount of influence in the Non-Fungible Token ecosystem, giving early investors a once-in-a-lifetime opportunity.
Bitcoin NFT: A Deeper Dive into the Satoshi-Inspired ArtWork
Bitcoin NFT, just like the thousands of NFTs, is a digital work of art that is registered on the blockchain. The Bitcoin NFT project is resident on the world’s most used blockchain protocol, Ethereum Network and it was created by an anonymous founder who worked with anonymous global artists to create these unique digital collages.
The project was borne out of the desire to create a collectible that is free from the oppressions of regulators. Today, several governments around the world are targeting a ban on Bitcoin and other digital currencies, this is an intrusion into the core tenets of decentralization and financial freedom that Bitcoin represents. However, the project is a representation of unique works of art built on the blockchain, which is beyond what the government can ban.
The Bitcoin NFT project is a collection of 1000 collages that explores the boundaries of art and cryptocurrency. The Project is a collection of 21,000,000 unique NFTs which correspond to 21,000,000 cryptocurrencies that are stored on the Bitcoin blockchain. Just as Satoshi Nakamoto created Bitcoin on October 31 2008 with an initial price that was less than a penny. Similarly, Bitcoin NFT was created on October 31 2019 by pioneers in the Bitcoin community. Its initial price was also less than a penny. Officially, the Bitcoin NFT project was launched on November 1, 2021.
How to Become a Part of the Ecosystem
To begin with, a visual appeal of the Bitcoin NFT project can be viewed from the project’s webpage. Becoming a part of the ecosystem will require purchasing at least one of the Bitcoin NFTs which can be done directly through the project’s website.
In order to make the acquisition seamless, the team behind the project has designed two convenient payment methods. One is through the use of credit/debit cards as powered by Stripe, where users can choose the quantity desired, enter their card details, and click pay. The other method is for more crypto and DeFi users who wish to pay through cryptocurrencies. This route will require users to connect their Metamask wallet to the Bitcoin NFT platform. The supported coins for this second method are Bitcoin and Ethereum. Each of the NFTs is valued at $1000 or 0.3 ETH.
Holders of the NFT can choose to hold them, store them, and trade them on popular marketplaces including OpenSea and Rarible. The holders of the NFT will be able to access many opportunities the team will be introducing in the near future.