project overview
Total Supply: 10,000 NFTs, each NFT is a 28x28 pixel pixel art avatar.
Issuance: Sold using Dutch Auction with a starting price of 0.21 BTC and decreasing by 0.005 BTC every 6 blocks (approximately hourly) until 8,000 NFTs are sold.
Distribution platform: Mainly traded on Magic Eden's Ordinals market.
On-chain protocol: The Bitcoin-based Ordinals protocol engraves NFT data directly on the smallest unit of Bitcoin, the satoshi, ensuring that it is immutable and permanent.
market performance
floor price: As of May 2025, the floor price of NodeMonkes is approximate 0.037 BTC (about $4,000).
Trading volume: In the initial days of the project's launch, the trading volume exceeded 500 BTC in four days, and then the total trading volume exceeded 1,400 BTC (about $55.6 million).
Market ranking: At one point, it surpassed Bored Ape Yacht Club (BAYC) to become the second-largest NFT project by market capitalization, behind CryptoPunks.
celebrity endorsement and community support
NodeMonkes has garnered the attention and support of several Web3 celebrities, including Wylie Aronow, co-founder of Bored Ape Yacht Club, as well as artists Beeple and Jack Butcher, among others. In addition, NodeMonks presented honorary inscriptions to 400 Web3 leaders and creators to increase the visibility and impact of the project.
ecosystem and business model
- project
positioningEmphasizing its decentralized and community-driven nature, NodeMonkes said, "We are not an institution, a movement, a committee, or a DAO. We have no reach, no roadmap, no campaign, no product. We love experimenting and creating interesting things. If you like it, you can enjoy it, it doesn't matter if you don't like it, we will continue to do it. ” 。
Intellectual Property: NodeMonkes' NFTs are licensed under the CC0 protocol, meaning that holders are free to use their images for commercial use without paying royalties.
controversy and challenge
team identity dispute: There are reports that NodeMonkes may be related to Ishimoto Satoshi, the founder of Bitcoin Ordinals, and that he may have earned millions of dollars in the project. In addition, the project team turned down a $5 million investment from venture capitalists in favor of the Free Mint model, but then changed its sales strategy, raising questions from the community.
As the first 10,000 NFT collectibles project to be issued on the Bitcoin blockchain, NodeMonkes has quickly gained a foothold in the NFT market thanks to its unique art style, decentralized philosophy, and community support. Despite the controversy over the identity of the team and the sales strategy, its innovative attempts and market performance in the Bitcoin ecosystem are still worth paying attention to.
