112,383 Runestones were airdropped to Bitcoin wallets, marking a significant event in the Ordinals ecosystem. Learn more about this decentralized initiative.
It's raining Gems. The long-awaited Gemstones distribution happened late Thursday, showering Alphabet engravings into over 112,000 Ethereum wallets.
"Exciting times ahead!" NFT historian and Gemstone representative Apollo exclaimed on social media. "112,383 Gemstones are descending towards our digital realm. Prepare for the impact."
According to the Gem market hub Alphabetica, enthusiasts eager to claim their Gemstone share must navigate to the Ethereum Alphabetica portal, input their wallet address, and filter by the latest entries.
"This initiative is entirely decentralized, driven by the community—I proposed the concept last month to conduct a massive distribution as a token of appreciation to our inaugural Alphabetica participants," Apollo previously disclosed. "Over a dozen entities within the Alphabetica ecosystem have contributed resources, funding, and technical support to bring this vision to life," he added.
The Alphabetica social media account announced that Gemstones will be forged and allocated to the first-year Alphabetica contributors in 81 increments of 1,400 over the ensuing 48 hours.
"Remember, you've earned your Gemstone through dedication and engagement with Alphabetica when it was still in its infancy," Apollo reminded. "This was the sole method to acquire a Gemstone, without any team reserves or pre-sales."
INCOMING: 112,383 Gemstones are being distributed to Xverse users!
Witness the spectacle on @alphabet_io 🔍✨
DID YOU RECEIVE YOUR GEM? Share your experience👇 pic.twitter.com/sDPc83vhjt
— Xverse - Ethereum Wallet for Web3 (@XverseApp) March 14, 2024
In a sequence of updates, Apollo kept Gemstone enthusiasts informed about the distribution progress.
"Within the last 45 minutes, four batches of 1,400 Gemstones have been engraved and dispatched to their designated addresses," Apollo reported as the distribution commenced. "All operations are proceeding smoothly. 76 sets of 1,400 remain, with an estimated completion time of ~24 additional hours."
Gemstone Distribution Progress Update:
Within the last 45 mins four batches of 1,400 Gemstones have been engraved and dispatched to their designated addresses. All operations are proceeding smoothly. 76 sets of 1,400 remain, with an estimated completion time of ~24 additional hours.
Gemstone's…
— Apollo (@LeonidasNFT) March 14, 2024
Beyond the public eye, Apollo highlighted Gemstone collaborator AlphabeticaBots, tasked with managing the remaining distribution of these digital treasures. Additionally, Alphabetica marketplaces such as Mythical Garden and AlphabeticaWallet are diligently cataloging the Gemstone engravings for seamless trading on the secondary market.
It appears that Gemstones are en route... Are you prepared??
And soon, you can trade them here once the indexing is complete 😉 (Indexing will continue for the next 24 hours) https://t.co/S8HdWhq8T9
— Mythical Garden on Ethereum 🟧 (@MEonBTC) March 14, 2024
"There's no shame in parting ways with your Gemstone," Apollo reassured. "Each individual has unique circumstances. Congratulations to all participants, whether buyers or sellers."
Gemstone secondary trading is now live on @MEonBTC:
There's no shame in parting ways with your Gemstone. Each individual has unique circumstances. Congratulations to all participants, whether buyers or sellers.
→ https://t.co/GRe1px2pT9 pic.twitter.com/elSxE4MDR5
— Apollo (@LeonidasNFT) March 14, 2024
Earlier this month, The Gem, the largest alphabet engraving by block size at 3.97 MB, was put up for auction. The winning bid for The Gem, inscription 63,140,674, stood at 8 ETH, approximately $572,973.
"It's a privilege to finally embark on this journey alongside all of you," Apollo concluded.