In a groundbreaking event that’s stirring the NFT community, the RAREPEPE aka the “Nakamoto Card,” a highly coveted piece from the Rare Pepe collection, has been sold for an astonishing 69.420 ETH, equivalent to approximately $160,000 USD. This sale, brokered by NFT artist Oliver Morris, follows his recent accomplishment in facilitating the $450,000 Honey Badger Ordinal Inscription deal, further cementing his reputation as a key player in the high-stakes world of digital art transactions.
The Significance of the Nakamoto Sale
The Nakamoto card, known officially as “RAREPEPE” is the very first card of the very first series and is revered by many as the “Holy Grail” of not just the Rare Pepe collection, but the entire realm of NFTs. As the first piece of digital art from the very first Rare Pepe series, it boasts a rarity and historical significance unmatched by any other card in the collection. Out of the 300 initially issued, only 298 remain in circulation, with 2 being burned, adding to its mystique and value.
The Journey of the Nakamoto Card
The RAREPEPE Nakamoto’s journey began in 2016 when it was created and distributed on the Counterparty XCP Bitcoin asset protocol. This event marked a pivotal moment in the evolution of crypto art, laying the foundation for the NFT boom that followed. Over the years, the Nakamoto Card has become synonymous with the zenith of digital art collecting, fetching prices as high as $500,000 at auctions at times.
Oliver Morris’s role in brokering this historic deal, with assistance from Bryan Micon who escrowed the RAREPEPE Nakamoto, is a testament to their expertise and growing influence in the NFT marketplace. Their involvement assures the authenticity and smooth execution of such high-profile transactions, bolstering confidence in the NFT market.
— Oliver Morris (@official_coder) December 9, 2023
Forecasting the NFT Landscape
The successful sale of the RAREPEPE Nakamoto sets a promising precedent for the future of Rare Pepes and the wider NFT market. It acts as a catalyst, potentially enhancing the value of similar digital collectibles. This event is a powerful indicator for both digital artists and collectors, spotlighting the NFT market’s capacity for rewarding investments. As the global art community continues to embrace digital collectibles, we can anticipate a dynamic shift in both the perception and market value of NFTs.