Registration number 8 of the Bitcoin Ordinals was sold a few hours ago for more than 10 bitcoins (BTC), or just over USD 460,000, in the non-fungible token (NFT) marketplace Magic Eden.  According to the platform, entry 8, belonging to the Honey Badger collection, was sold for a total of 10.34 BTC, representing the highest Ordinals sale on record. 

As seen in the Bitcoin mempool, the transaction was executed during the evening of Thursday, December 7, 2023. Information confirmed by Magic Eden data, which shows the operation carried out through its platform.  The sale of Ordinals Inscription #8 is notable, considering that it is one of the first collectibles registered on the Bitcoin blockchain. It has been there since January 15, 2023.  

The NFT is also part of the Honey Badger collection, which has about 10,000 pieces, available for purchase at Magic Eden.  Bitcoin Ordinals entry #8 was purchased by the user known as “OG General,” Magic Eden indicates in a message posted on X (formerly Twitter).   The owner of the Bitcoin NFT celebrated his acquisition in X. In his opinion, “it is never too late” to buy these assets  and the Ordinals cannot be stopped.  

the midst of the Ordinals fever, Magic Eden, one of the most recognized marketplaces, opened a platform dedicated to the commercialization of Bitcoin NFTs.  

As Chris Akhavan, the marketplace's general manager of Bitcoin, sees it, the nearly $460,000 sale of Ordinals Listing #8 “solidifies the value that people see in digital assets that are permanently inscribed on the Bitcoin blockchain.”  The fact that with Ordinals the NFTs are protected by a truly decentralized system like Bitcoin, is a characteristic that differentiates these assets from the traditional NFTs of the Ethereum network, the second most valued blockchain on the market. 

The Bitcoin Ordinals, which arrived at the beginning of 2023, have been the subject of support and criticism from the community. While they appreciate the fact that the Bitcoin network has more use cases, they also condemn the fact that the boom in registrations translates into congestion and increased transaction fees. In any case, the protocol that allows registering Bitcoin NFTs and BRC-20 tokens seems to be here to stay. This, being a catalyst for the mass adoption of bitcoin, as stated by Michael Saylor, the CEO of the company MicroStrategy.