A pricy Ethereum NFT from one of Web3’s preeminent PFP collections has been permanently removed from circulation and symbolically tied to an Ordinals inscription, as a group of Bitcoiners celebrate the costly, eye-catching endeavor.

CryptoPunk #8611 sold for around 55 Ethereum or $95,000 on Saturday, according to Etherescan. And hours later, the NFT was burned in a way that points to inscription 12,456,749, an NFT-like asset on Bitcoin that bears the same image as its predecessor.

The decision to effectively destroy CryptoPunk #8611 was a community-led effort conducted by Wolf Capital Developer Nathan Stein on Twitter and holders of Bitcoin Bandits, a Western-themed collection of Ordinals inscriptions, a spokesperson for the project told Decrypt. 

“The community rallied behind the idea like craz

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Author: André Beganski

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