Up to now, 223 wallets participated in the auction TwelveFold – Yuga Labs’ first Bitcoin NFT collection.
According to an announcement from Yuga Labs, the auction of the NFT TwelveFold collection has started at 06:00 AM on March 6, 2023 (Vietnam time).
The auction for TwelveFold has begun and will conclude on the block immediately prior to 3pm PT tomorrow, March 6th, 2023. Good luck.https://t.co/gvl8IHpekC pic.twitter.com/xGWU9jdCoO
— Yuga Labs (@yugalabs) March 5, 2023
Out of a total of 300 NFTs launched, 288 were sold as a 24-hour auction, the rest went to project and charity contributors.
Results will be based on the last Bitcoin block before 06:00 AM on March 7 (Vietnam time). If the last block occurs at 05:57 AM that day, then any bids after that will be ignored even if they were submitted ahead of time. There are currently no guidelines and starting prices for the sale.
To participate, users need 2 Bitcoin wallet addresses, one to send BTC to the auction, one to receive NFT after the event. As of the time of writing, there were 223 people participating in the sale and the highest bid price was 0.637 BTC ($14,251).
As Kyptos reported, TwelveFold is the first Bitcoin NFT collection made by the father of “blockbuster” Bored Ape Yacht Club and CryptoPunks “catching the trend”. TwelveFold builds a visual story for Bitcoin with distinctive hand-drawn and 3D designs. The special feature of this product is that 300 artworks will be minted through Ordinals on the Bitcoin network – The protocol is exploding and controversial in the community.
Ordinals emerged from allowing users to encode images and then upload them to the Bitcoin blockchain, making this an NFT like on Ethereum in essence. Since then, many people have been curious to experience and transform Ordinals become a trend.