Lightning Network Milestone: ‘Micro-Auction’ Art Piece Sells for $0.000000037
news

Lightning Network Milestone: ‘Micro-Auction’ Art Piece Sells for $0.000000037

THELOGICALINDIAN - A Black Swan art allotment by Cryptograffiti has auctionedto the everyman applicant for a millisatoshior aloof 0000000037 acknowledgment to the Bitcoin Lightning Network authoritative the acceptable acceptable the worlds cheapest auction

The ‘Black Swan’

A Reddit user activity by the name Cryptograffiti shared his adventure of creating and auctioning a tiny allotment of art alleged “Black Swan.”

Black swan

The allotment is absolutely what you would apprehend it to be – a atramentous swan sitting abutting to what seems to be a pond of leaves. Interestingly enough, though, the artisan alone acclimated pieces from a authorization dollar bill and affected detector pen ink to actualize the piece.

Its ambit are impressively tiny. The allotment measures 1.44 in x 1.75 in (3.55 cm x 4.44 cm).

More interestingly, though, was the way the artisan absitively to advertise the piece. Cryptograffiti explained:

And so, the allotment has been awash for 1 milli-satoshi or $0.000000037 through the Lightning Network, which makes it accessible to accelerate a atom of a Satoshi, the everyman accessible bulk that could be transferred contrarily on the Bitcoin blockchain.

Many Reddit users anon accustomed the acceptation of this anniversary as it is possibly the world’s cheapest bargain anytime to be held.

Lightning Network’s Potential

Cryptograffiti also shares his action for a approaching time area micropayments are accessible and omnipresent.

The artisan has his own online commodity abundance area users can acquirement all kinds of crypto-related designs from t-shirts to mugs. In an interview for Bitcoinist, Cryptograffity explained the afflatus for his artwork, saying:

This isn’t the aboriginal instance of showcasing the capabilities of the Lightning Network to auspiciously backpack out microtransactions.

In June, Bitcoinist reported on the absolution of a new belvedere alleged Poketoshi which enables users to comedy the accepted Pokémon game, advantageous 10 Satoshi per move ($0.00040447). Before that, artistic developers accustomed users to acrylic on a agenda canvas alleged Satoshi’s Place. It’s comprised of 1 actor pixels, anniversary one of which amount 1 satoshi to paint.

Do you like the art piece? Will Lightning arrangement change the way users collaborate and barter online? Share your thoughts below! 

Images address of Shutterstock