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Early NFT Attempt? An individual attempted to sell a JPEG for Bitcoin several months prior to Bitcoin Pizza Day.
On May 14, Crypto Twitter experienced a surge of activity following a claim that the first real-world transaction made with Bitcoin might have been for a JPEG rather than pizza.
Independent developer Udi Wertheimer, a Bitcoin supporter, tweeted a screenshot that suggested this could be the earliest purchase using Bitcoin, occurring even before the well-known Bitcoin Pizza transaction.
This Twitter Space was INCREDIBLE
We uncovered that:
the first purchase EVER with bitcoin was for a JPEG at 500 BTC in February 2010
it predates the famous 10,000 BTC pizza
satoshi himself was involved in facilitating the JPEG sale
laser-eye community in utter CHAOS pic.twitter.com/b6ESOkbf0i— Udi Wertheimer ♂️ (@udiWertheimer) May 14, 2023
The screenshot is timestamped January 24, 2010, which is four months prior to Bitcoin Pizza Day, when Bitcoin developer Laszlo Hanyecz exchanged 10,000 Bitcoin for two pizzas, widely recognized as the first real-world transaction using Bitcoin.
The image displays a user named Sabunir attempting to sell a picture for 500 Bitcoin — approximately $1 at that time — on the Bitcoin Forum Bitcointalk.
It also indicated that the pseudonymous Bitcoin creator Satoshi Nakamoto was attempting to assist in completing the sale.
However, skepticism has arisen regarding this assertion, as professional poker player and crypto investor Mike McDonald tweeted a screenshot suggesting that the Bitcoin transaction might have been a donation, implying that the JPEG was never truly “sold.”
I’m uncertain if this has been clarified yet, but it appears that Sabunir’s 500 BTC was a donation rather than a sale.
He shared his address for his NFT on January 24, then posted it again in the BTC logo thread on February 24. On February 24, 500 BTC was sent, and on February 25, he thanked two individuals for donations 1/2 pic.twitter.com/6Rk9Ont9KU— Mike McDonald (@MikeMcDonald89) May 14, 2023
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In a follow-up tweet, Wertheimer acknowledged that his initial tweet might have been incorrect, noting that while Sabunir did list a JPEG for sale at 500 BTC and received that amount in their address a month later, “it’s possible that the 500 BTC were sent as a donation for a different interaction” and that the JPEG sale may not have actually occurred.
Without direct confirmation from Sabunir, it remains uncertain what the 500 BTC were intended for, according to Wertheimer.
Related: Bitcoin ordinals hit Binance NFT Marketplace in latest update
This speculation arises amid the Bitcoin Ordinals trend, which, at the time of writing, has seen over 6.1 million images, videos, and even tokens — via the BRC-20 token standard — minted on the Bitcoin blockchain.
Total number of Ordinals inscriptions on Bitcoin. Source: Dune Analytics.
Wertheimer has been a prominent proponent of Bitcoin NFTs since the Ordinals protocol was introduced by Casey Rodarmor on January 21 of this year, enabling users to “inscribe” new data onto the Bitcoin blockchain.
Wertheimer has since been striving to attract a new wave of NFT enthusiasts to Bitcoin through an Ordinals project named Taproot Wizards, which takes its name from the Taproot soft fork that allowed for the creation of the Ordinals protocol in the first place.
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