Tiny Artwork Sold in Micro Crypto Auction for Lowest Bid of 1 Millisatoshi

Crypto artist “cryptograffiti” has sold a tiny artwork in a “micro auction” in a bid to promote Bitcoin (BTC) Lightning Network (LN) micropayments, according to a post from the artist’s Reddit handle published Dec. 20.

The artwork — which measures just 1.44 x 1.75” and depicts a black swan collaged from details on the United States dollar bill — was sold, counterintuitively, to the lowest bidder, at a value of 1 millisatoshi ($0.000000037). A “satoshi” is the term used to christen one hundred millionth of one Bitcoin — in honor of the cryptocurrency’s mysterious inventor, Satoshi Nakamoto.

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