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Bitcoin-Based Digital Art Image 'Genesis Cat' Sells for $254K in Sotheby's Auction

The sale of the digital image from the Taproot Wizards project came as popularity surges for the NFT-like creations minted atop the Bitcoin blockchain's Ordinals protocol. All in, some 19 lots sold by Sotheby's raked in a combined $1.1 million.

"Genesis Cat" from the Taproot Wizards Quantum Cats collection of Bitcoin Ordinals inscriptions. (Taproot Wizards, modified by CoinDesk)
"Genesis Cat" from the Taproot Wizards Quantum Cats collection of Bitcoin Ordinals inscriptions. (Taproot Wizards, modified by CoinDesk)