“Elvis Side $Btc” is a collection of 1,935 generative images featuring Elvis Presley.
Each piece of art captures the spirit of the legendary musician uniquely in ordinals. But what does it mean to have this art inscribed on the Bitcoin blockchain?
Art is Permanently Inscribed on Bitcoin’s Blockchain as Unique Satoshis
When something is inscribed on the Bitcoin blockchain, it means that data is permanently recorded on the blockchain, which is a digital ledger. In this case, the art is recorded on individual satoshis, the smallest units of Bitcoin. One satoshi is just a tiny fraction of a Bitcoin—specifically, 1/100,000,000 of a whole Bitcoin. This means each piece of art will have its unique value, making it special just like Elvis himself.
This project isn’t just about creating digital art; it’s also about preserving Elvis’s legacy. The revenue generated from selling the “Elvis Side $Btc” collection will help establish the “Elvis Legacy Council” DAO. This council will work to keep Elvis’s memory alive and promote his influence in music and culture.
Elvis Side $BTC is here! 🎸
We’re pumped to bring 1,935 generative images of the King of Rock and Roll, #ElvisPresley, onto the Bitcoin blockchain in collaboration with @btc_ROYALTY!
This one-of-a-kind collection pays tribute to his iconic legacy. Stay tuned for more updates!…
— OrdinalsBot ⚡ (@ordinalsbot) October 18, 2024
The partnership between Royalty and OrdinalsBot brings together art and technology in a way that is fresh and exciting.
How It Works
Using the Ordinals protocol, data can be inscribed onto each satoshi. This creates a unique digital fingerprint for each piece of art. Think of it like a signature; it verifies that this art is the real deal and not a copy. Because of this unique inscription, collectors can buy, sell, and trade these digital images just like they would with physical art.
What even ARE Ordinals and how are they any different from traditional NFTs? 👀
Ordinals Explained Ep. 1 gives the perfect 1 minute explanation ⬇️
Presented by @MagicEden x @BitcoinMagEDU pic.twitter.com/W3f9xDOdmz
— Bitcoin Magazine (@BitcoinMagazine) October 18, 2023
This innovation opens the door for more artists to explore the crypto world. It’s a win-win situation: artists get to showcase their work in new ways, and collectors can own pieces that have real value in the digital world.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
