In February, @0xPrismatic and @yh_0x released Bitcoin Inscription and Rune Mania. The report analyzes the Bitcoin inscription collection and the Bitcoin art sector to watch. Delve into things like inscriptions, runes, meta protocols, Bitcoin art, notable projects, and collectibles. This article briefly analyzes the 4 Bitcoin NFT projects in the report.
1.FloraForms
FloraForms is a 10,000-piece generative art collection created in collaboration with the Beverlid Palace Museum in Vienna. It draws inspiration from Gustav Klimt’s work “The Kiss”. The collection can be minted for an inscription fee only, leveraging parent-child provenance for clear on-chain traceability.
By using recursive inscriptions, only one 160-byte inscription is required, despite the fact that each artwork is more than 2MB in size when downloaded. The parent recursive inscription is compressed to only 12KB.
The floor price is currently at 0.007 BTC, up +133% since the report was published.
2.Golden Ratio
Part of Vivid Gallery’s Ordinals collection, “Golden Ratio” is also a free mint piece limited to 420 pieces. It combines the Fibonacci sequence with recursive algorithms and fractal geometry to showcase the beauty of numbers and nature, inspired by symmetry and chaos theory.
The collection is unique in that it combines recursive inscriptions and “cursed” inscriptions. The “cursed” inscription represents a landmark event in the history of Ordinals, where the indexer was initially assigned a negative number prior to the recent upgrade. These inscriptions now occupy a special place in terms of the origins of the Bitcoin art culture movement.
Could this artwork be the Holy Grail in a recursive collection?
Since the release of our in-depth analysis, the demand for this artwork has been strong, with prices increasing by +60%.
3.NodeMonkes
Nanodemonkesis the world’s first 10,000 avatar-like NFT collection inscribed on the Bitcoin blockchain. The first sale took place through a Dutch auction and the final price was 0.03 BTC per NodeMonke.
What makes the series unique is a series of qualities that are intertwined with internet memes and insider jokes. For example, some traits cite well-known crypto memes, such as laser eyes.
Narrative in the making: Monkeys are Bitcoin’s CryptoPunks.
With only two months to go, it may be too early to call NodeMonkes Bitcoin’s version of CryptoPunks. To truly earn this title, their community members must first become significant contributors and thought leaders in the Bitcoin space.
However, as the beliefs of this narrative grow, it is likely to evolve into a self-fulfilling prophecy.
Since we published our report, floor prices have increased by 26%.
4.Flares
0xfar, an artist at Taproot Wizards and Quantum Cats, launched the FLARES series in February 2024. FLARES IS A COLLECTION OF 512 GENERATIVE ARTWORKS IN THE PARALLAX COLLECTION, WITH WORLDVIEW-BUILDING AND ATMOSPHERIC ELEMENTS.
WITH 21 DIFFERENT TYPES GENERATED BY USING THE three.js ALGORITHM, EACH FLARES ARTWORK HAS A UNIQUE DYNAMIC LOOK. The series debuted on the Gamma platform through a Dutch auction and sold out quickly with a base mint price of 0.015 BTC.
Since we published our in-depth analysis, the floor price has surged 50% to 0.06 BTC.