Magic Eden, a leading multi-chain nft marketplace supporting non-fungible tokens on Solana, ethereum, Polygon and bitcoin, has launched a collection of non-fungible tokens on its bitcoin nft marketplace platform to celebrate the historic bitcoin Pizza Day. .
In a blog post on May 22, Magic Eden confirmed the enrollment of Pizza sats in the bitcoin ordinal protocol to celebrate the historic bitcoin Pizza Day. On this day in 2010, Laszlo Hanyecz spent 10,000 btc to buy two pizzas. Today, his investment in bitcoin would be worth $700 million, making it a rare occurrence in the short history of cryptocurrencies.
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Happy bitcoin Pizza Day!
On this day in 2010, Laszlo Hanyecz spent 10,000 btc to buy 2 pizzas. Today that is worth ~700 million dollars.
Rare Sats, specifically Pizza Sats, allows you to own a piece of that history! Do you have any? pic.twitter.com/VxtHycA8Qe
— Magic Eden on bitcoin (@MEonBTC) twitter.com/MEonBTC/status/1793284127350772079?ref_src=twsrc%5Etfw”>May 22, 2024
Happy bitcoin Pizza Day! – Here is its brief history
On May 22, 2010, Laszlo Hanyecz, an early adopter of the newly coded bitcoin cryptocurrency, bought a pair of Papa John's pizzas for 10,000 Bitcoins. Based on the current price of bitcoin at the time, the purchase of pizza was equivalent to approximately $41, and is widely considered the first time a virtual currency was used to purchase something in the real world.
Surprisingly, if the legendary Laszlo Hanyecz had saved his 10,000 btc, they would be valued at approximately $700 million at the current exchange rate of $70,198. During bitcoin's recent all-time high price of $75,830 on March 14, 2024, Hanyecz's investment would exceed $760 million.
Hanyecz has been interviewed several times about his pizza purchase, which has been considered one of the key moments in the evolution of the flagship crypto asset bitcoin and decentralized distributed ledger technology. In those interviews, Hanyecz repeatedly said that he doesn't regret the initial expense on pizza.
Magic Eden launches nft to commemorate pizza day with bitcoin
Magic Eden has enrolled Pizza Sats on the bitcoin blockchain network using the Ordiinal protocol to commemorate this historic day. Rare Sats, specifically Pizza Sats, will allow their holders to own a piece of that history. The Pizza Ordinal collection has a limited supply of 11,100 ordinals listed on the bitcoin blockchain network. Meanwhile, the nft collection has already amassed a trading sales volume of 147 btc, equivalent to more than $10 million.
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