{"id":6668,"date":"2023-09-09T18:59:30","date_gmt":"2023-09-09T18:59:30","guid":{"rendered":"https:\/\/www.blocktivists.com\/onchainmonkey-sets-aside-1-million-to-move-10000-nfts-to-bitcoin\/"},"modified":"2023-09-09T18:59:30","modified_gmt":"2023-09-09T18:59:30","slug":"onchainmonkey-sets-aside-1-million-to-move-10000-nfts-to-bitcoin","status":"publish","type":"post","link":"https:\/\/blocktivists.com\/onchainmonkey-sets-aside-1-million-to-move-10000-nfts-to-bitcoin\/","title":{"rendered":"OnChainMonkey sets aside $1 million to move 10,000 NFTs to Bitcoin"},"content":{"rendered":"
The famous NFT project, OnChainMonkey<\/a>has revealed that we are \u201con the cusp of a monumental shift\u201d and have taken a bold step to shift 10,000 ‘OCM Genesis’ NFTs to Bitcoin, saying goodbye to the Ethereum network \u2013 regardless of whether we have to pay $1 million spend to achieve such a goal.<\/p>\n The decision to switch from Ethereum to Bitcoin Ordinals is a tactical turning point. Danny Yang, the CEO of Metagood<\/a> (the masterminds behind OnChainMonkey), believes the community views Bitcoin as more secure than Ethereum and that \u201chigh-quality NFTs are likely to thrive\u201d with the new network adoption.<\/p>\n Following Yang’s announcement about the benefits of Bitcoin on Twitter – in which he said “now is the time to dive in and learn about this new market” – an excellent 99% of OnChainMonkey holders gave an approval nod to the CEO’s migration broadcast.<\/p>\n Why is the art and collectibles market important for Bitcoin? Why would this be important to you? ????<\/p>\n 1. Valuable market. The wealth associated with art and collectibles by ultra-high-net-worth individuals (UHNWIs) *alone* accounts for $1.5 trillion in value according to Deloitte’s\u2026<\/p>\n\n