BlackRock Receives White & Black Rocks

BlackRock Entity on Arkham

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BlackRock’s IBIT Bitcoin ETF wallet ( bc1q8 ) just received a White Rock inscription, just a day after receiving a Black Rock inscription the day before. An inscription is a piece of metadata inscribed onto Bitcoin satoshis (sats), the smallest units of the Bitcoin cryptocurrency. These inscriptions allow each sat to hold data such as text and even images, of up to 4MB in size. This has made inscriptions the de facto format for NFTs on the Bitcoin network, which have now been termed as Ordinals.

A White Rock inscription in BlackRock’s IBIT ETF wallet ( Source )

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Since the reveal of BlackRock and the respective ETF providers’ public wallet addresses by Arkham, individuals and projects alike have begun using these public wallets as a form of publicity, through depositing their project tokens or NFTs into their wallets, or just as a joke. The main recipient of these tokens so far has been BlackRock’s BUIDL Fund wallet ( 0x13e ), which has since seen over a hundred different meme tokens including popular Ethereum memecoins, MOG and PEPE , and even a ROCK memecoin deposited, possibly in the hopes of attracting more attention to these tokens. An Ethereum user ( reltor.eth ) had even sent 0.974ETH to the wallet , via the sanctioned cryptocurrency mixer service, Tornado Cash.

BlackRock’s BUIDL Fund wallet on Arkham