Bitcoin-based digital collection Genesis Cat sells for $254,000 at Sotheby's

Genesis Cat," a digital art image minted by the Taproot Wizards team on the Bitcoin Ordinals protocol, sold for $254,000 at Sotheby's. The image is said to be a special edition 1-of-1 piece by Taproot Wizards artist Francisco "FAR" Alarcon. The image, a special edition 1-of-1 piece by Taproot Wizards artist Francisco "FAR" Alarcon, is said to have sold for more than 12 times the lot's $15,000 to $20,000 estimate at the auction, which began on January 12 and ends today. The sale of digital images from the Taproot Wizards project comes at a time when the popularity of similar NFT works cast on the Ordinals agreement has soared, with Sotheby's selling some 19 lots for a total of $1.1 million.