RARE PEPE ORDINAL INSCRIPTIONs
RAREPEPE XCP Token Origins
In 2016, 300 Rare Pepe Series 1, Card 1 Nakamotos were created and given out on the Counterparty XCP Bitcoin asset protocol. The giveaway was an open and fair distribution for this first piece of historic crypto art, and this model played an integral part in the rise of the asset.
From 2016-2023, these iconic XCP tokens have come to be recognized as some of the most coveted digital assets on earth. They are well-known as one of the rarest crypto art “NFT Grails” possible to hold. Nakamotos have fetched as much as $500,000 at auctions, and regularly sell for $100,000 – $200,000 USD.
Out of the 300 original XCP tokens at most 298 are still in circulation with many of them not being moved in years unknown to the public as to whether they are lost.
How rare can it be?
There are few known to hold RAREPEPE and sales often happen weeks or months apart. The total number of RAREPEPE holders is unknown but might be conservatively estimated in the high double digits.
an Evolution of this Magnitude in Digital Assets is RARE
An evolution and paradigm shift has appeared within the RAREPEPE Nakamoto community regarding what makes a Nakamoto a Nakamoto. This shift happened in early 2023 with the inception of the ordinal inscriptions project. Ordinals push the concept of digital artifacts and RAREPEPE into the future, and were implemented with open source software and simply providing another view of the blockchain while running on top of bitcoind instead of trusting a weaker layer 2 alternative with additional points of failure. Another token is required in the case of XCP as well as the layer 2 solution does not store the media for the token to make it a completly self contained digital artifact.
An Ordinal requires no royalty fee and also is a more capable implementation of the NFT concept directly on the Bitcoin protocol.
Ordinal inscriptions have gained popularity and adoption within many NFT communities on and off the Bitcoin network. This digital artifact concept changes the game of digital collectibles forever. One cannot emphasize the magnitude of this development and the event horizon it has helped the digital collectible ecosystem cross while simultaneously being symbiotic to the Bitcoin network and the miners who support it by increasing fees dramatically during these inscription waves.
2023 will become known as the year of ordinals.
— Leonidas.og (@LeonidasNFT) February 22, 2023
Ordinals development is growing faster than anyone ever expected and some say that “2023 will be the year of the ordinal”. Wallets, marketplaces, inscription services, galleries, and artists/collectors are all starting to feel what seems to be emerging forces of nature.
The fact of the matter is that storing media directly on a layer 1 blockchain truly is a superior solution compared to protocols where media is not included and one is left to imagining the artwork or relying on solutions outside of the original network.
Inscriptions are RARE DIGITAL ARTIFACTS
Inscriptions are on Bitcoin. Bitcoin is the digital currency with the highest status and greatest chance of long-term survival. If you want to guarantee that your art survives into the future, there is no better way to publish it than as inscriptions.
For a digital “thing” to be a digital artifact, it must share similar properties to a physically rare “thing”:
- Digital artifacts can have owners. A number is not a digital artifact, because nobody can own it.
- Digital artifacts are complete. An NFT that points to off-chain content on IPFS or Arweave is incomplete, and thus, is not a digital artifact.
- Digital artifacts are permissionless. An NFT that cannot be sold without paying a royalty is not permissionless and is not a true digital artifact.
- Digital artifacts are uncensorable. The ability to modify a database entry on a centralized ledger precludes a digital artifact from being considered a NFT.
- Digital artifacts are immutable. An NFT with an upgrade key is not a digital artifact.
The definition of a digital artifact is intended to reflect what NFTs should be, sometimes are, and what inscriptions always are, by their very nature.
INSCRIBE YOUR OWN NAKAMOTO
The spirit of the original RAREPEPE XCP giveaway has been resurrected using Bitcoin ordinals, and anyone can mint a RAREPEPE Nakamoto as a digital artifact for their collections.
To participate, you will create an ordinal inscription using the exact image on this page.
There are many websites that offer assistance in creating ordinal inscriptions by walking you through the steps of uploading a file and paying a fee. For example, you can use https://inscribit.xyz/ to inscribe a satoshi with the RAREPEPE.jpg file signature on this page.
Investors and collectors are now speculating on the first 298 RAREPEPE ordinal inscriptions, which will likely be known as one of the most rare and valuable inscription collections due to the prestige and nature of the RAREPEPE derivative assets in the collectibles markets.
There are now over 200,000 ordinal inscriptions on Bitcoin and this number is consistently climbing with each block. Some ordinals have already sold for 6 figures OTC.
The query below searches the current bitcoin blockchain data and finds sats (satoshis: single bitcoin units) that have the original RAREPEPE Series 1, Card 1 file inscribed on them since the first ordinal at block # 767,429.
All Nakamotos will be counted in their respective order of minting. The cutoff for this highly coveted collection will be number 298, honoring the 2 Nakamotos that have been burned as of 02/28/23.
The First Inscribed NAKAMOTO Ordinal
The first RAREPEPE ordinal inscription that shows up is inscription #39. This digital artifact that was created on 01/22/2023 and has a file size of 200742 bytes. The files size shows up as 202157 in the bitcoin blockchain and is displayed as such in the query results table.
The original image sources:
- Looney Nakamoto USB Sneakernet Included with case
THE FIRST IMBUED RAREPEPE with Provenance
The legend is it that someone once destroyed their RAREPEPE XCP asset and in the destroy transaction memo metadata they linked to ordinal inscription #5548 with as much of the inscription id as the counterparty asset protocol memo field will allow for. This also happens to be the second RAREPEPE that was ever inscribed as a digital artifact.
The day after this legendary transaction which imbued the first RAREPEPE ordinal a bored ape was also burned using the new teleburn system released by the ordinals devs which automated the process of burning of assets to move them from one protocol to another protocol.
This linking of the RAREPEPE systems is logical and symbolic in many ways while standing as a proof of concept linking assets between chains and transferring value to the new asset which is actually an upgraded and technically superior version of the old XCP digital asset.
The new asset is linked in a 1 to 1 relationship maintaining its quantity integrity and provenance which is provable at any time anywhere on the planet that has Bitcoin blockchain access.
nakamotos will be the legendary alpha btc icon.— Damian (@i3inary) February 11, 2023
what the eyes sees, the ear hears, and the mind believes.
i imbued this #rarepepe as the nakamoto crossed dimensions using the #ordinal inscription grail forge as a gateway.https://t.co/8z6cr1ppsShttps://t.co/Y0fvYGXgEz pic.twitter.com/moNun15nCG