Summary
The Runestone, the largest ordinal inscription by block size, is up for auction with the current highest bid at 0.26 BTC. All proceeds will cover Bitcoin network fees for the Runestone airdrop and go to Bitcoin miners. The auction runs until March 8, 2024, and after the halving, Runestone holders will receive a Runes token airdrop. The art on the Runestone was created by artist Léo Caillard, symbolizing humanity’s desire to communicate with future generations.
Key Points
1. The Runestone, the largest ordinal inscription by block size, is currently up for auction on the Ord City marketplace. The current highest bid for the Runestone inscription is 0.26 BTC, which is around $17,261.61.
2. All proceeds from the auction will cover the Bitcoin network fees associated with the Runestone airdrop and will go to Bitcoin miners. There is no team allocation or pre-sale, and the open-source eligibility algorithm ensures fairness in the auction process.
3. The Runestone auction runs until March 8, 2024, at noon. The highly anticipated Runestone airdrop was first announced in February and will see over 112,000 eligible Bitcoin addresses receive a Runestone ordinal inscription.