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Crypto Trader Prepares to Pay $37,000 in Ethereum for Drawing of Bitcoin Creator Satoshi Nakamoto

October 06, 2020

A crypto trader is placing a big bid worth $37,000 in Ethereum (ETH) for a digital drawing of anonymous Bitcoin creator Satoshi Nakamoto.

Dego Finance says that a crypto trader has made a 106 ETH bid to become the sole owner of a Satoshi Nakamoto non-fungible token (NFT).

At time of writing, anyone interested to purchase the Nakamoto digital art still has about 12 hours to submit a bid on the Dego platform.

Dego bills itself as the “LEGO in the DeFi (decentralized finance) world.” The protocol considers each DeFi platform such as stablecoin DAI, lending protocol Aave, and decentralized exchange Uniswap as a brick or a module that can be put together to help users come up with diversified investment portfolios.

Another feature of the Dego platform is to enable users to auction and bid on NFTs.

NFTs are a special type of crypto token that represents ownership of a particular asset such as artwork or video game items.

Unlike cryptocurrencies such as Bitcoin (BTC) and Ethereum, NFTs are not interchangeable as each non-fungible token contains the identifying data of a particular asset stored in the blockchain.

In the case of the Lego-style Satoshi Nakamoto NFT, the winning bidder will receive a unique token that serves as verifiable proof of authenticity and ownership of the digital artwork.

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