NFTs on Bitcoin? Ordinal Punk Sells for Over $200K (9.5 BTC)
TL;DR A Non-fungible token (NFT) called Punk #94 has been sold on the Bitcoin network for a whopping 9.5 BTC, currently worth around $215,000. The sale sparked a debate within the Bitcoin community about whether NFTs are a waste of block space or an effective way to drive additional usage and security to the network.
Non-fungible tokens on Bitcoin’s network are now a thing, and they quickly become a heavily debated topic within the BTC community.
With arguments for and against, what seems to be the biggest sale so far is already a fact.
The project in question is called Ordinal Punks, and the NFT is Punk #94.
This is what the art looks like:
The sale happened 10 hours ago and was for a whopping 9.5 BTC, currently worth around $215,000.
There’s an ongoing debate between Bitcoin community members. Some of them argue that NFTs are a waste of block space, while others are of the opinion that they drive additional usage, nodes, and by extension – security to the network.