Web3 Watch: ‘Buy Bitcoin’ sign, first post-halving satoshi go up for sale
Plus, a CryptoPunk sells for $12 million and Blockworks buys a goat
If something in crypto can be sold, there’s a good chance it will be.
This week, a yellow legal pad with “Buy Bitcoin” scribbled on it sold for 16 bitcoin, worth over $1 million.
The legal pad was held up behind then-Federal Reserve Chair Janet Yellen during a 2017 Congressional hearing in an episode that’s become iconic in the Bitcoin community. The auction for the piece of memorabilia was held at PubKey, a New York City bar popular among Bitcoiners.
Christian Langalis, the then-intern on Capitol Hill who flashed the Buy Bitcoin sign, took home most of the auction’s proceeds.
Also this week, the crypto exchange CoinEx auctioned off the first satoshi of a block mined after Bitcoin’s recent halving event . Satoshis, or sats, are Bitcoin’s smallest unit and have been popularized recently by Ordinals being inscribed on them. CoinEx got access to the satoshi by way of a partnership with mining pool ViaBTC.
The sat netted double what the “Buy Bitcoin” sign did, selling in the end for $2.1 million.
Yet another alien punk sale
Bitcoin memorabilia weren’t the only items selling this week. For the third time since the beginning of March, a CryptoPunk sold for more than $10 million.
On Thursday, Punk #635 sold for $12.41 million, making it the fourth-most expensive punk sale ever. The second- and third-largest sales came on March 20 and March 4, respectively.
Read more: Someone bought a CryptoPunk for $16M
As with the other recent sales, Punk #635 is an alien punk, or one of nine CryptoPunks out of the 10,000 that have blue-ish skin.
“To me, owning a Punk has never been about the floor price…It’s about my belief that NFTs will be the future of ownership,” the punk’s apparent new owner wrote on X.
One interesting stat:
- Crypto-focused VC firm Stratos reported that its investment in the memecoin DogWifHat yielded a 300x return for the fund in Q1.
Also of note:
- Blockworks bought a goat .
- Web3 restaurant loyalty app Blackbird sold free coffee passes in New York City.
- The popularity of Bitcoin Runes caused miners to earn more from fees than from block reward for the first time ever .
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- auction
- Bitcoin
- CryptoPunks
- NFTs
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
