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HomeFinance NewsBitcoin NFT 'Quantum Cats' selling for 0.24 BTC on Magic Eden Marketplace

Bitcoin NFT ‘Quantum Cats’ selling for 0.24 BTC on Magic Eden Marketplace

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Investors who bought the “Quantum Cats” NFT-like images from the Bitcoin Ordinals project Taproot Wizards were already selling them for more than double the original sales price within hours of purchasing them, indicating a strong and lasting demand for digital art embossed on the original blockchain. The lowest price for the Quantum Cats on the NFT marketplace Magic Eden was 0.243 BTC on Tuesday, compared to the fixed price of 0.1 BTC each in the primary sales that ended on Monday. Despite technical issues and multiple delays in the initial minting process, the sale of Quantum Cats brought in approximately $13 million in revenue for the Taproot Wizards project, surpassing the $7.5 million investment raised from investors last year.

Although plagued by technical problems and complaints initially, the sale of Quantum Cats NFTs brought in over $13 million in revenue for the Taproot Wizards project, surpassing the $7.5 million investment raised from investors last year. The project is centered on Ordinals inscriptions, which enable NFTs to be minted and stored on the Bitcoin blockchain. The successful sale of Quantum Cats indicated the enduring demand for digital art on the cryptocurrency scene, despite previous waves of NFT hype being focused on other blockchains such as Ethereum, which is traditionally perceived as more programmable than Bitcoin. The robust and profitable sale of Quantum Cats demonstrates the enduring demand for rare digital art embedded on Bitcoin’s original blockchain.

The introduction of the Quantum Cats NFTs showed that despite the initial technical frustrations and delays in the minting process, there is a strong and enduring demand for digital art on the original bitcoin blockchain. These NFTs differ from previous ones, as they are stored on the oldest blockchain and have reportedly brought in priority sales exceeding the project’s previous investment raised from investors. Despite initial technical difficulties, the sale of Quantum Cats indicated a significant demand in the cryptocurrency world for digital art stored on the original blockchain.

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