Particle.news
Download on the App Store

Original Dogwifhat Knitted Hat Sells for 6.8 BTC in Blockchain-Secured Auction

Bags founder Finn plans to return the unique meme artifact to the community after provenance was immutably recorded on the Bitcoin blockchain.

Overview

  • The Ord City auction briefly paused when a bidder attempted an impossible 21 million BTC offer before resuming.
  • Finn won the hat with a 6.8 BTC bid and said he will give the physical collectible back to the Dogwifhat community.
  • Achi’s owners confirmed there will be no encore sale, making this the only public auction of the knitted cap.
  • Authenticity was verified by inscribing a photo of Achi and its owner on Bitcoin via the Ordinals protocol.
  • In the hours after the sale, Dogwifhat token (WIF) trading volume surged and its price climbed over 5%.