Business News Report
January 03, 2024

Bounce Finance Announces ‘AI Meets Bitcoin’ Ordinals NFT Auction

In Brief

Bounce Finance announced upcoming auction of “AI Meets Bitcoin” collection of 450 Ordinals NFTs that explore convergence of AI and Bitcoin.

Bounce Finance Announces 'AI Meets Bitcoin' Ordinals NFT Auction

Non-custodial auction protocol built on Ethereum, Bounce Finance announced the upcoming Ordinals NFTs auction. The collection, titled “AI Meets Bitcoin,” comprises 450 Ordinals NFTs generated through artificial intelligence (AI), co-created by Charlesai, 0009, and RedruM, symbolizing the intersection of AI and the Bitcoin ecosystem.

The auction is scheduled to commence on January 6th at 4:00 UTC, running through January 9th until 4:00 UTC. The registration period concludes on January 4th.

To engage in the auction, users are required to connect their wallets and undergo the verification process. After completing these steps, they will receive the $AUCTION token. Participants are invited to join the Random Selection Pool by burning $50 worth of any of the tokens such as $AUCTION, $MUBI, $BSSB, $DAII, $BDID, or $AMMX. $AUCTION users will be chosen as winners, with each of them receiving both a BRC NFT and an ERC NFT.

The “AI Meets Bitcoin” collection comprises 450 Ordinals NFTs and will be temporarily transferred to ERC (Ethereum Request for Comment) for auctioning on Bounce. After the auction concludes, Ordinals NFTs will be transferred back to BRC (Bitcoin Request for Comment), becoming available for trading on marketplaces including Opensea.

The collection includes 450 Ordinals NFTs, consisting of 150 by Charlesai, 150 by RedruM, and 150 by 0009. Out of these, 400 will go to the Bounce Finance “Hotpot Burning Man” Auction, 30 will be allocated to community leaders, and 20 will be reserved for decentralized automated market maker protocol Ladder. 

Rising Wave of Ordinals NFTs in the Realm of Digital Art

Ordinals NFTs have gained remarkable popularity in the world of digital art, emerging as sought-after collectibles in various online communities. These NFTs have captured the attention of both online auctions and traditional auctions alike.ย 

Recently, Sothebyโ€™s Digital Art Department achieved a record-breaking $35 million in digital art sales by the end of 2023, indicating a growing interest in digital artworks and NFTs.

The auction house also recently concluded its first auction of Bitcoin Ordinals art, featuring pieces from the mysterious artist Shroomtoshiโ€™s BitcoinShrooms collection. This collection provided a comprehensive exploration of Bitcoinโ€™s culture and history, paying homage to the cryptocurrency’s early days.

With over 200 pieces, BitcoinShrooms commemorated significant moments and symbols in Bitcoinโ€™s journey, including the Mt. Gox incident and the concept of a hot wallet.

The upcoming Ordinals NFT auction from Bounce Finance highlights a notable trend surrounding the fusion of Ordinals NFTs, digital art, and design, adding to the ongoing narrative of NFTs becoming central players in the ever-evolving landscape of digital creativity and collectibles.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

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