• Someone uploaded a one-second audio file of a wet fart to the Bitcoin Ordinal network and it sold for 12.3 Bitcoin, or $280,000.
• Ordinals are data stored on the Bitcoin blockchain network, similar to NFTs but without a centralized marketplace.
• The wild world of Ordinals continues to become increasingly weird and 4chan-like with each passing day.
What Are Bitcoin Ordinals?
Launched in January by software engineer Casey Rodarmor, Ordinals are essentially a protocol that allows for data to be stored on the Bitcoin blockchain network. Think NFTs but for Bitcoin – they’re so new you can’t even buy them via an online marketplace like OpenSea; you need special wallets to store and trade them, although this hasn’t stopped people from uploading strange and uncanny files onto the network. So far, over 100,000 inscriptions have been made via the Ordinal network – everything from encrypted files to digital art.
The Fart That Sold For $280K
On Feb 2nd inscription 2042 was uploaded onto the Bitcoin blockchain: a 1-second audio clip capturing the sound of someone passing gas. According to one Reddit user posting in r/CryptoCurrency, this sold for 12.3 Bitcoin – equivalent to $280k! It’s impossible to verify whether this transaction actually took place though as there is no centralized (or decentralized) marketplace for these kinds of transactions – most take place over-the-counter (OTC), usually among Bitcoin node operators themselves.
The Wild World Of Ordinals Continues To Get Weirder
The world of ordinals continues to become increasingly weird by the day; ever more reminiscent of 4Chan with each passing hour! From encrypted files being uploaded onto the blockchain network through digital artworks and now even farts… It seems that cryptocurrency is beginning to branch out into more bizarre forms than ever before!
Dorian Batycka: Contributor at CryptoSlate
Dorian Batycka is a journalist interested in art and technology who has previously contributed articles about cryptocurrencies such as CoinDesk, Decrypt, Artforum etc.. You can find him on Twitter and Instagram @temp_projects where he often posts his own memes about current financial news events in relation with art news scandals etc..
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