NFT Genesis depicts Satoshi Nakamoto as a radiant, mysterious, and caped hero dressed in futuristic clothing.
NFT Genesis, the first non-fungible token ever minted on a Bitcoin sidechain dubbed RSK, has market pundits thinking it is headed to become a millionaire collectible artwork. Notably, NFT Genesis was created by Watafan, a company that wanted to celebrate Bitcoin’s 10th anniversary.
Created by Joseph Diaz, the NFT illustrations were meticulously crafted to fit in exact details in one frame. Notably, the NFT depicts Satoshi Nakamoto as a radiant, mysterious and caped hero dressed in futuristic clothing.
“His face is covered by a shiny protective helmet and in his left hand, is a pennant where the words ’10th anniversary’ can be read. On his right hand is a hologram of a spectacular bitcoin token,” the company explained through a press release.
Additionally, the NFT has an image of the United States Federal Reserve building in the mist. The image creates a conundrum for anyone who gets a closer view to get much deeper into the details.
Watafan created the NFT Pieces with a fixed supply of 21 unique copies. However, the company noted that the NFT has never been put up for sale since the first owner got it.
Released on January 3, 2019, the NFT has over time gained popularity and thus more value. Furthermore, almost all digital assets that were present then or created during that time have gained tremendous value.
NFT Genesis and the RSK Ecosystem
As a non-fungible token created on a Bitcoin sidechain and by a leading artist who has worked with renowned firms like Netflix, NFT Genesis has gained notable attention from global art collectors.
Notably, the RSK sidechain enjoys security features similar to those on the Bitcoin blockchain. Mind you, it uses a two-way-peg mechanism in which Bitcoin miners help secure both Bitcoin and the RSK ecosystem.
With these notable infrastructures surrounding the NFT Genesis pieces, market analysts expect the real value of the artworks could scale to million dollars. Moreover, the NFT global market cap has skyrocketed to approximately $3 billion this year.