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Collector pays 240 ethers for three legendary Rare Pepe NFTs




Key facts:
  • One of the collectibles sold for 99 ETH, or more than $ 300,000.

  • The token is a representation of Dorian Satoshi Nakamoto as the creator of Bitcoin.

Three editions of the renowned “Nakamoto Card” were acquired yesterday August 11 by the same buyer in the NFT market, OpenSea. User 52DD07 paid a total of 246.5 ETH, or about $ 760,000, for the non-fungible tokens in three separate acquisitions.

In the first purchase, the operator paid 72.58 ethers ($ 221,000) to the seller 1PEPE_ETH. Seconds later the same user 52DD07 paid out 99 ETH ($ 302,000) to BillyWhistler to add a second card to his collection. To complete the trio, the operator purchased another edition of the Rare Pepe for 75 ethers ($ 228,000), this time from owner LeeroyPeppington.

The «Nakamoto Card» is the Rare Pepe’s first card in series 1 and references Dorian Satoshi Nakamoto as alleged creator of Bitcoin. Dorian is a Californian engineer and a public figure within the bitcoiner pop culture. A journalistic investigation attributed him in the past to be the author of the first cryptocurrency, something that he has repeatedly refuted.

There are only 300 editions of this NFT that hit the market in 2016. It is the “first Rare Pepe attached to the Bitcoin blockchain,” reads the Rare Pepe Directory website, a page showing allegorical non-fungible tokens. .

At the time of publishing this article, the buyer still had all three cards. Other users have submitted offers to acquire them, but they have been very low compared to the price paid by the operator. The proposals have been in USDC and vary between 65 and 70 dollars.

With the new acquisitions, the collection of user 52DD07 totaled 13 NFTs on OpenSea. The collection includes other lower-priced cards such as the one allusive to Mt. Gox, shitcoins, Dank Pepe, Dj Pepe or Pepe Pail Kids.




This piece by Rare Pepe has a limited edition of 300 copies. OpenSea user “52DD07” has 3 in his personal collection. Source: OpenSea.

The price paid for the second of the Rare Pepe is one of the highest registered so far for this type of non-fungible tokens. CriptoNoticias reported in May of this year that a curious piece created in 2016, called “Homero Simpson Pepe”, was sold for more than $ 320,000.

Rare Pepe, from Bitcoin to Ethereum

Rare Pepe’s NFTs are one of the first non-fungible tokens to appear in the cryptocurrency ecosystem. These are assets that were born on the Counterparty platform, a financial service connected to Bitcoin as a protocol that works in parallel and that allows the creation of new NFTs.

With the birth of Ethereum, and then the rise of the NFT markets, the Rare Pepes crossed the confines of the Bitcoin network to also enter those of the network of smart contracts. In this case, the NFTs are passed from one network to another through the Emblem Vault (EV), a solution for transferring multiple crypto assets on different networks.

The Rare Pepes have their origin in the character “Pepe the frog” created by the cartoonist Matt Furie. However, it was Mike B. Shekles who “versioned” the character to add his own Bitcoin symbology, a fact reported by this newspaper in October 2016.

It is important to mention that the NFT market is growing rapidly with dozens of artists commercializing works on a global scale. There are also video game developers or those who promote sports disciplines who see in this niche a possibility of new business models.




TAMMY SEWELL
Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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