Bitify Hosts Dorian Nakamoto Fundraiser

bitify.com is proud to host Dorian Nakamoto fundraiser, for an original artwork by cryptograffiti

Update:

Thanks a lot for all of those who have participated in the auction. This is another living proof of how great the Bitcoin community is. With the help of every one involved we were able to raise $5,501 USD ~ 17.35 BTC.

The artwork was featured in an article about Mr Nakamoto in Bitcoin Magazine covering the inside story of how the hunt for Satoshi Nakamoto turned Dorian’s life upside down. Created by pseudonymous artist and Bitcoin enthusiast cryptograffiti, the artwork features Mr. Nakamoto’s face made from pieces of destroyed credit cards including the signature strip of Mr Nakamoto’s own card. High resolution images of the artwork can be viewed below.

The auction is being held by cryptograffiti, a friend of Mr Nakamoto, in order to help him to pay for medical bills and treatment. The auction will run for around 20 days, finishing on Thursday Nov 12 at 01:00 UTC (Wednesday Nov 11 at 19:00 PDT), and 100% of the final bid amount will go to Mr Nakamoto.

The artist, cryptograffiti, was asked by potential bidders for the auction to be made open instead of the original sealed bit format, hence his decision to use bitify’s platform to host the auction.

You can find out more about Dorian Nakamoto through the AMA he hosted on Reddit earlier this month where you may also ask questions regarding this auction.

About the Artwork:

Nakamoto, 2014

destroyed credit cards, adhesive on wood

38.6 cm × 31 cm (15.2 in × 12.2 in) including frame

End Date: Thursday November 12, 2015 at 01:00 UTC

About the artist:

cryptograffiti’s work explores the benefits of cryptocurrencies vs. the status quo and the possibilities of blending the digital blockchain with physical art. Much like bitcoin itself, he is pseudonymous.

cryptograffiti is the first artist to utilize a public-facing bitcoin address to receive donations for street art. Upon discovering his work, passersby send bitcoin in support of his often controversial messages.

cryptograffiti’s fine art mediums are frequently comprised of tangible materials from industries being disrupted by cryptocurrencies. His work has been featured in The Wall Street Journal, Bitcoin Magazine, the Montreal Bitcoin Embassy and can be found in the collections of numerous prominent figures within the Bitcoin community.

cryptograffiti is excited at how bitcoin will transform the art world and to play a role in leading this new direction.