Yuga Labs’ first Bitcoin NFT auction nets $16.5M in 24 hours

The public sale for Yuga Labs’ inaugural Bitcoin Ordinal nonfungible token (NFT) assortment has ended, netting the agency $16.5 million in simply 24 hours. 

A complete of 288 bidders gained one of many Bitcoin NFTs from the “TwelveFold” assortment. Yuga mentioned the winners will obtain their inscription inside one week, whereas the unsuccessful bids can have their bid quantity returned inside 24 hours.

The public sale yielded 735 BTC price an estimated $16.5 million at present costs. The best of the 288 bidders paid simply over 7 BTC or $161,000 for one of many items.

High ten bids leaderboard – Supply:
Backside ten bids, the bottom gained #288 – Supply:

Yuga introduced the gathering in late February, describing it as a “base 12 artwork system localized round a 12×12 grid, a visible allegory for the cartography of knowledge on the Bitcoin blockchain.”

TwelveFold #1 gained by the best bidder – Supply: Yuga Labs

It includes a restricted version assortment of 300 generative items inscribed on Satoshis on the BTC community. The fortunate winners had been desirous to share their new NFTs on-line:

Associated: Nifty Information: Yuga Labs jumps on Ordinals hype

As reported by Cointelegraph, Yuga Labs acquired backlash over the weekend from the crypto group who recognized flaws in the way it carried out the public sale for the Ordinals assortment.

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