Elvis Presley Digital Art Collection Launches on Bitcoin Network

Digital Art on the Bitcoin Network: Introducing 'Elvis Side $Btc'

A groundbreaking digital art collection featuring the legendary Elvis Presley has recently made waves in the cryptocurrency community. This unique collection, named 'Elvis Side $Btc', has been inscribed on the Bitcoin network, offering a new dimension to how digital art can be appreciated and owned.

About the Collection: 'Elvis Side $Btc'

The 'Elvis Side $Btc' collection consists of 1,935 generative images, each one being a tribute to the iconic Elvis Presley. The initiative is a collaboration between Royalty, an intellectual property project focused on Bitcoin, and OrdinalsBot, a leading service for creating these inscriptions. The artwork within this collection draws inspiration from the talented artist Joe Petruccio, who holds licensing from the Elvis Presley Estate.

The Ordinals Protocol: Redefining Digital Ownership

The introduction of the Ordinals protocol marks a significant shift in how data can be inscribed onto the Bitcoin network. By allowing users to inscribe unique images onto individual satoshis—Bitcoin’s smallest unit—this protocol essentially turns Bitcoin into a canvas for digital art, similar to how non-fungible tokens (NFTs) operate on the Ethereum network.

OrdinalsBot: The Driving Force Behind the Minting Process

OrdinalsBot has positioned itself as a key player in this new era of digital art on Bitcoin. According to their claims, they are responsible for 80% of the ten largest files inscribed on the Bitcoin network. This includes a notable milestone: the largest ever block, which was inscribed for a hefty sum of 3.5 BTC (approximately $235,000).

The Future of Elvis' Digital Legacy: The Elvis Legacy Council DAO

Royalty's vision extends beyond mere artistry; they plan to channel revenue generated from the 'Elvis Side $Btc' collection into establishing the 'Elvis Legacy Council' DAO. This decentralized autonomous organization aims to oversee and govern the future of Elvis Presley's digital legacy. A litepaper is expected to be released in the coming weeks, which will elaborate on how 5% of both primary and secondary sales revenue will be utilized for the DAO's initiatives.

Conclusion

The ‘Elvis Side $Btc’ collection exemplifies the convergence of music, art, and technology, showcasing how the Bitcoin network can serve as a new platform for digital expression. As the project unfolds, it will be exciting to see how it shapes Elvis Presley’s digital footprint and engages fans in a novel way.