Yuga Labs is a blockchain-based platform with notify The highly anticipated TwelveFold NFT Bitcoin auction has come to a successful conclusion. The auction features 288 unique NFTs, each representing one of the 288 blocks that made up the first Bitcoin transaction.
The auction, which began on March 6, has attracted a lot of attention from the crypto community, with many eager to own one of the limited-edition NFTs. According to Yuga Labs, the top 288 bidders will receive their engravings within a week of the auction’s close.
Yuga Lab’s #BTCNFT #TwelveFold Auction sets record with highest bid of $159,600 @azcoinnews https://t.co/GoSw0V08Ad
— Kyptos (@azcoinnews) March 7, 2023
The highest bid in the auction was 7,1159 BTC, which equates to about $159,600 at the time of writing. On the other hand, the lowest bid was 2,2501 BTC, or about $50,400.
The success of the auction demonstrates the growing interest in NFTs and the potential of blockchain technology to revolutionize the art world. Each NFT in the TwelveFold collection is a unique digital representation of one of the blocks that made up the first Bitcoin transaction, attracting acclaim from collectors and enthusiasts alike.
Yuga Labs is one of the leaders in the NFT space, and the success of the TwelveFold auction has further strengthened their position in the market. The company has previously collaborated with famous artists and musicians to create a number of unique NFT collections. Therefore, we are likely to see more innovative projects from Yuga Labs in the future.
The successful conclusion of the TwelveFold auction marks another milestone in the evolution of NFT and its ability to disrupt the traditional art market. As the popularity of NFTs continues to grow, we can expect to see more artists and creators embrace the technology, blurring the lines between traditional and digital art.
In short, the success of the TwelveFold auction is a testament to the growing popularity of NFTs and their potential to revolutionize the art world. Yuga Labs’ innovative approach to NFT creation and management keeps them at the forefront of the field, and we can expect to see more groundbreaking projects from the company in the future.
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according to Kyptos