I give bananas to monkeys for @onchainmonkey
Joined November 2021
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BananaBotNft (🍌,🍌) retweeted
Bitcoin is a creator's paradise. Still largely undiscovered. Collectors will set foot on this new land soon too.🔥
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BananaBotNft (🍌,🍌) retweeted
Today is week 1 of Ordinals after the Jubilee.
The upgrade was notable for the importance of standardizing what is an inscription, and for how smoothly this major upgrade for a protocol went into effect. Bitcoin fees even calmed down to low levels of 30 sats/vB coincidentally. Right now we're seeing it go back up to > 300 sats/vB again!
One big change is that Cursed Inscriptions cannot be created any more (or they are almost impossible to create at this point.) There are 472,043 cursed inscriptions, and that's basically the full supply.
This means we have another interesting class of sats on Bitcoin. Those with a cursed inscription. This class of sats is more rare than Uncommon sats, and is widely distributed. It's both more rare than Bitmaps, and has more holders than Bitmaps.
As a canvas for future inscriptions, sats with cursed inscriptions could be quite interesting. The Sat endpoint, Reinscription, and Parent-Child Provenance open up new possibilities for NFTs on Bitcoin, a UTXO-based blockchain, that you do not have natively on an account type chain like Ethereum. Creators are just starting to explore what that means for Bitcoin native NFTs. 🔥
BananaBotNft (🍌,🍌) retweeted
Generative art on Bitcoin is starting to be noticed by the market. More artists are starting to explore the different ways art can be created on the Bitcoin medium (with Recursive Inscriptions). Collectors are valuing innovative art on Bitcoin. Gen art on Bitcoin will do well, especially as Bitcoin fees go up. 🔥
Early Ordinal generative and recursive art:
@billyrestey's Bitblock: Inscription #49,638,651.
@harto_fr's The Golden Ratio: Inscription #45,023,828.
@RabbiGains/@heavyside's Metablends: Inscription #44,100,583.
@AspreyStudio/@Bugatti/@metagoodnft's Asprey Bugatti Eggs: Inscription #29,654,940.
@RabbiGains Squared: Inscription #13,382,391.
@lifofifo's OrdRain & Nakamoto Archives: Inscription 11,629,663 (OrdRain).
@OnChainMonkey OCM Deconstructed: Inscription #464,551.
OCM Dimensions 300: Inscription #203,112.
OCM Genesis: Inscription #20,219.
I included the inscription number of the parent where the art is generated. The child inscriptions pull the art from the parent, and in many cases the complete art of the whole collection is already inscribed and viewable in the parent inscription. This is a nice property of recursive generative collections on Bitcoin. Great for on-chain Provenance for the art.
Upcoming: well known gen artist Alexis André will be launching his first gen art Ordinal collection in 2024.
Long live Art on Bitcoin 🎨🔥🟧
BananaBotNft (🍌,🍌) retweeted
Art on Bitcoin is so much more than a JPEG or pixelated image. The medium of Bitcoin is rich with details and future explorations by artists. Both artists and collectors are just now beginning to discover what's possible with art on Bitcoin. Things like rare and exotic sats, sat history, recursive inscriptions, reinscriptions, parent-child provenance, delegation, to name a few. We've had less than a year of experience working with this new medium enabled by Ordinals (the Jubilee was just yesterday!). The early works are interesting (some to be historic), and future artists will take advantage of what has been discovered so far to create masterpieces that we haven't even dreamed of. 🤯
I had this grand vision, a sat-specific art kebab (cabal), where any artist would be given a sat to inscribe on (they just had to pay the s/vb)
They were called vandal sats🥹
For months, over 100 emails to Pest Control, Christies, Sothebys, any off gallery that might have sold a physical, no one would give me the time of day🥺
I was searching for any physical painting by Banksy that was purchased with Bitcoin- I wanted to find those sats- give those sats to artists to vandalize the most infamous vandal's payment.
I learned a whole heck of a lot during this process, mainly that hyper curated galleries really don't enjoy you asking about their clients' forms of payment🧐
But also that its really hard, and even though the timeline likes to make you think that "we're so early" the truth is- the likelihood of finding them without anything inscribed on them already and available to distribute is like real smol.
I was trying to do it anonymously, the idea was bigger than me as a person or artist, I wanted it to be discovered organically, kinda like leaving blank canvases on the side of the road for anyone to pick up and create on.
Did I want to be the first to inscribe on them? sure.
Do I wish we hadn't been so quick to monetize TF outta every aspect of ordinals? 😑
Do I wish I had back the hours and days I spent on goose chases in mempool and blockchair as s/vb inched higher and higher? sometimes.
I'm not giving up but I am admitting defeat, I need help🏳️
I want my inscriptions to have a meaning, even if its just to me. And I'm taking my time to do so.
glass half full: When I sent my research proposal to these fancy art mfers, I linked Gamma and BTC ME ✊
BananaBotNft (🍌,🍌) retweeted
So many new people are entering Bitcoin. Have been getting lots of pings on Ordinals and NFTs on Bitcoin in the last few days. Opportunities abound, and always DYOR 🧠
Here's a compilation 🧵of useful info:
BananaBotNft (🍌,🍌) retweeted
OCM was the first 10k images of a collection inscribed on Bitcoin (Inscription #20219). These were then distributed on block 9 sats when the protocol upgraded to allow it. More here:
"THE RISE OF ORDINALS AND NFTS ON THE MEDIUM OF BITCOIN" is now pubished in @BitcoinMagazine! The Ordinals protocol enables many things on Bitcoin. My article explores how it unlocks substantial value and catalyzes a wave of innovation. I dive into the new properties of NFTs on Bitcoin and the future of this exciting new ecosystem for art and innovation 🔥
bitcoinmagazine.com/technica…
BananaBotNft (🍌,🍌) retweeted
Sent a Bitcoin transaction with a fee rate > 7,000 sat/Vb. Crazy high fee, right? It's a Child Pays For Parent (CPFP) transaction if you were wondering. If you have a transaction that's been stuck in the mempool for several days, this is a great way to accelerate it. For more Bitcoin tips, stop by the @OnChainMonkey Discord.
BananaBotNft (🍌,🍌) retweeted
Art has many meanings.
Over 3,000 OCM Genesis have been ‘Cooked.’ The word ‘Cooking’ was displayed after a collector participated in a ritual called a teleburn.
‘Cooking’ can mean that an OCM Genesis was being cooked and prepared on Bitcoin. Actually, there is more meaning here. Cooking creates the OCM Certificate of Ownership. The Certificate is an example of conceptual art, and is inspired by Mitchell F Chan's Digital Zones and by Yves Klein's Zones de Sensibilité Picturale Immatérielle.
In the ritual of the teleburn, $10M USD worth of NFTs have been "burned" to receive the Certificates. The ritual revolves around what it means to own a digital work. Prior to the ritual, collectors owned the on-chain art directly on Ethereum, a kind of "physical" ownership. After the ritual, collectors received the "legal" ownership document or deed for the art in the form of the Certificate. The original art is still on-chain and unchanged on Ethereum, but the collector can no longer transfer it there. The art is permanently burned to an address associated with the Certificate.
I'll be inscribing a paper discussing the art of the Certificate before the next teleburn of 2023. Those who participate in the ritual before the year end will own the Series 0 of the OCM Certificate of Ownership.
BananaBotNft (🍌,🍌) retweeted
The teleburn was Art on Bitcoin. Here's how the amazing sequence unfolded 👇
A smart contract on Ethereum recorded the teleburn for the original digital artifact, and that kicked off 👇
A. 1,869 reinscriptions of the Certificate of Ownership on specific block 9 450x sats.
B. Each Certificate is customized for the specific OCM Genesis, and for the specific sat on Bitcoin.
C. The Certificate of Ownership is a Parent-Child-Provenance (PCP) collection. One of the few PCP collections ever created, and few larger except for OCM Genesis itself.
D. All four OCM Genesis collections were distributed to the 1,869 Genesis that upgraded.
There was no room for even a single mistake. Each of the 1,869 satoshi had to be inscribed perfectly, on the first and only attempt. Everything is immutable.🔥
A New Chapter on Bitcoin has begun 🔥
OCM Genesis is now tradable on Bitcoin at @osura_com and @meonBTC.
The portal to upgrade is now closed and the Certificate of Ownership has been inscribed for each upgraded Genesis. We will open another portal next week.
1,869 OCM Genesis have been teleburned and began their monumental upgrade to Bitcoin. This is not a "burn" but a transfer of the Ledger of Record. Each of these Genesis have their Certificate of Ownership recorded on Bitcoin.
When you upgrade your OCM Genesis to Bitcoin you will receive four new digital artifacts!
1. OCM Genesis: Perspectives
2. OCM Genesis: 20219
3. OCM Genesis: Deconstructed
4. OCM Genesis: Certificate of Ownership
Each is a new 10k collection. The last one is the Certificate of Ownership of your original ETH OCM Genesis after the teleburn. You still own it, now on the Bitcoin ledger. The ETH OCM Genesis is now soul-bound and permanently linked to your OCM Genesis on Bitcoin. You will own five digital artifacts after the upgrade ⚡️ !RISE
BananaBotNft (🍌,🍌) retweeted
This is how @OnChainMonkey is migrating 10,000 PFPs from Ethereum to Bitcoin.
⤹🧵
BananaBotNft (🍌,🍌) retweeted
@huuep When I first listened to your voice, I knew that you was the " One " , I believed in you and what you were building at @OnChainMonkey . 292 days 5 hrs ago (Feb-09-2023 03:16:47 PM +UTC) since the purchase. It has been impressive to sit and watch you cook and finally lead us on to the world's most significant discovery since energy. BTC is the future of all trade and payment systems, including Real Estate transactions. My 60 OCM Genesis is reporting for duty and is on the bus waiting for directions to go to the BTC Portal. PS Is it late? I made that mistake in 2019 with BTC , 2017 with Punks. Third chances do not come by often. I will not let history repeat itself with Ordinals.
BananaBotNft (🍌,🍌) retweeted
The whole Ordinals debate around Collections has revealed a few things:
1) We are early.
2) People don't realize Ordinals has a Collections feature.
One of the biggest selling points of Ordinals is the Provenance you get using the Bitcoin blockchain. And Ordinals has a specific Provenance feature called:
👉 Parent-Child Provenance. This is a specific feature to show that a collection of inscriptions belong together, and are not just individual 1-1s. This is how you create a Collection on Ordinals with clear Provenance on-chain on Bitcoin.
Check out the Ordinal Theory Handbook for more details on how to create a Collection! 🔥
BananaBotNft (🍌,🍌) retweeted
The monumental upgrade of OCM Genesis is just a few days away. This was years in the making and our digital legacy. I've been working on an article covering the significance of Ordinals. Here's an excerpt:
The choice of the medium for an art piece is one of the most important aspects of the art. The artist tells the story through the medium. Each medium has its own expressive constraints and requires specific skills to master. The artist's legacy is preserved in the medium, so the permanence of the medium is very important. The sculptures of Michelangelo have lived on for hundreds of years after his death. The famous cave paintings of Lascaux continue to amaze people after over 10,000 years! In today's digital world, we have a new medium for digital art in the form of the blockchain. The Bitcoin blockchain offers many unique expressive constraints, and in terms of permanence, it may be the most permanent digital medium in the world.
BananaBotNft (🍌,🍌) retweeted
The 10K collection has become a new art form in recent years. With Ordinals, this art form reaches another level using Bitcoin as the medium for the art. I'll be publishing an article soon on Ordinals that discusses this.
As to this particular poll, the title of "First 10k" is meant to be controversial when it really isn't. Ordinals is a significant new protocol that has been developing this last year. There are only a handful of 10k "collections" that have been created, and they each have their own merits.
OCM Genesis was the first 10k images of a collection that was inscribed as a digital artifact on Bitcoin in Inscription 20219. It was first in a number of other things too, including the first, and still only 10k collection to use Parent-Child Provenance, and inscribed on Block 9 - 450x sats.
This week we start the migration and upgrade from Ethereum! 🔥🔥🔥
BananaBotNft (🍌,🍌) retweeted
So many great features in v0.12.0!
And looks like OCM Genesis is the first fully charmed 10k collection 🔥
Upgrade from ETH to BTC is coming in a few days!
BananaBotNft (🍌,🍌) retweeted
✅💯🛒 Well it took me less than 5 mins to be convinced @OnChainMonkey community and team are fucking legends. Holy crap. Talk about being blown away. Rare to see conviction in a community like this. Good vibes, reminds me of Quirkies vibes and I don't say that much.
Doing a call with @huuep next few days, will also host the team on an upcoming space too.
@nahmeaneth hooked up a clean naked floor.
Following all OCM PFPs who follow me. LETS GOOOO.
Oh btw hes a virgin, if anyone has popsicle and/or donut please DM me. Looking for both on a nice deal.
BananaBotNft (🍌,🍌) retweeted
Working on an article covering the art of OCM Genesis. I'll explain why we're creating four collections inscribed on the same sat range in block 9. Ordinals are a much bigger thing than what people think they are today.
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BananaBotNft (🍌,🍌) retweeted
fyi, OCM Genesis is available on ETH today, and will be able to upgrade to the Bitcoin Ordinal by the end of the month: opensea.io/collection/onchai…
