{
  "collection_name": "Bitcoin Punks",
  "symbol": "🧑‍🎤",
  "description": "Bitcoin Punks are the first 10,000-piece NFT collection on Bitcoin, inscribed using the Ordinals protocol. They are byte-perfect replicas of the original 10,000 CryptoPunks from Ethereum, making them a historic project in the Bitcoin Ordinals ecosystem. Inscriptions range from 89 to 34,399, placing them in the top 10% of early inscriptions.",
  "total_supply": 10000,
  "inscription_range": {
    "start": 89,
    "end": 34399
  },
  "inscription_period": "February 2023",
  "historical_sales": "Over $10 million in sales volume in the first month (March 2023). Bitcoin Punks have been traded on Ethereum via Emblem Vault, with 45% of the collection vaulted at its peak, though this has declined to 15.46% as of 2025.",
  "floor_price": "Approximately 1 ETH (as of March 2023, equivalent to $1,400 USD at the time). Current floor price unavailable due to lack of real-time data.",
  "merkle_tree_usage": {
    "purpose": "Each Bitcoin Punk NFT is inscribed onto a satoshi via the Bitcoin Ordinals protocol. The inscription transactions are included in Bitcoin blocks, and their integrity is secured by the Merkle tree of each block. The Merkle root in the block header summarizes all transactions, ensuring tamper-proof verification of the NFT data.",
    "verification_efficiency": "Lightweight clients (e.g., SPV wallets) can verify the inclusion of a Bitcoin Punk inscription transaction using a Merkle proof, requiring only a logarithmic amount of data (e.g., 10-20 hashes for a block with thousands of transactions) rather than the entire block.",
    "block_range_estimate": "Inscriptions from 89 to 34,399 correspond to Bitcoin blocks around 769,000 to 770,000 (February 2023), based on the inscription period and Bitcoin’s block height progression."
  },
  "status": "locked - metadata snapshot as of March 31, 2025, at 07:04 PM PDT"
}