Magic Eden Drops Ordinals NFTs To Mark The Day Laszlo Hanyecz Spent 10,000 BTC To Buy 2 Pizzas

Updated: 22 May 2024

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Magic Eden, one of the leading multi-chain NFT marketplaces supporting non-fungible tokens on Solana, Ethereum, Polygon, and Bitcoin, has launched a non-fungible token collection on its Bitcoin NFT market platform to celebrate the historic Bitcoin Pizza Day.

In a May 22 blog post, Magic Eden confirmed inscribing Pizza sats on Bitcoin ordinal protocol to celebrate the historic Bitcoin Pizza Day. On this day in 2010, Laszlo Hanyecz spent 10,000 BTC to buy two pizzas. Today, his Bitcoin investment would be worth $700 million, making it a rare occurrence in the short crypto history.

Happy Bitcoin Pizza Day! 🍕🟧

On this day in 2010 Laszlo Hanyecz spent 10,000 BTC to buy 2 pizzas. Today that is worth ~$700 million.😄

Rare Sats, specifically Pizza Sats, allows you to own a piece of that history! Do you have any?👇 pic.twitter.com/VxtHycA8Qe

— Magic Eden on Bitcoin 🟧 (@MEonBTC) May 22, 2024

Happy Bitcoin Pizza Day! – Here’s Its Short History

On May 22, 2010, Laszlo Hanyecz, one of the early adopters of the newly coded cryptocurrency Bitcoin, purchased a pair of Papa John’s pizzas for 10,000 Bitcoins. Based on the going rate for Bitcoin at the time, the pizza purchase equated to roughly 41 dollars, and it is widely viewed as the first time a virtual currency had been used to buy anything in the real world.

Shockingly, if the legendary Laszlo Hanyecz had saved his 10,000 BTCs, they would be valued at approximately $700 million at the current rate of $70,198. During the recent Bitcoin all-time high price of $75,830 on March 14, 2024, Hanyecz’s investment would be over $760 million.

Hanyecz has been interviewed several times about his pizza purchase, which has been reflected upon as one of the key moments in the evolution of the flagship crypto asset Bitcoin and decentralized, distributed-ledger technology. In those interviews, Hanyecz repeatedly said he has no regrets over his initial pizza expenditure.

Magic Eden Drops NFTs To Mark Bitcoin Pizza Day

Magic Eden has inscribed Pizza Sats on the Bitcoin blockchain network using the Ordiinal protocol to mark this historic day. Rare Sats, specifically Pizza Sats, will allow holders to own a piece of that history. The Pizza Ordinal collection has a limited supply of 11,100 ordinals listed on the Bitcoin blockchain network. In the meantime, the NFT collection has already amassed a trading sale volume of 147 BTC, equivalent to over $10 million.