NFT TwelveFold Auction Opened, Over 200 Wallets Ready

Key Points:

• Up to now, 223 wallets have participated in the TwelveFold auction – the first Bitcoin NFT collection of the Yuga Labs house.
• Out of 300 NFTs launched, 288 were sold as a 24-hour auction; the rest went to project and charity contributors.
• Users need 2 Bitcoin wallet addresses to participate, one to send BTC to the auction and one to receive NFT after the event.

According to a recent tweet by Yuga Labs, the auction for its first Bitcoin NFT collection, TwelveFold, began on March 5 at 3:00 pm. The auction will last for 24 hours until March 6 at 3 pm. Up to now, 223 wallets have participated in the TwelveFold auction.

Out of 300 NFTs launched, 288 were sold as a 24-hour auction, and the rest went to project and charity contributors.

Results will be based on the last Bitcoin block before 3:00 pm on March 6. If the previous block occurs at 2:57 pm that day, any bids after that will be ignored even if they were submitted beforehand. 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 and one to receive NFT after the event. As of the time of writing, 223 people were participating in the sale, and the highest bid price was 0.637 BTC ($14,251).

This exclusive collection includes 300 limited edition pieces of art, with each piece uniquely engraved on the Bitcoin blockchain. The NFTs are split into a 12×12 grid and feature a mix of 3D graphics and hand-drawn elements, all designed and created by Yuga Labs’ in-house art team.

The unique feature of this product is that 300 works of art will be minted through Ordinals on the Bitcoin network. Ordinals quickly exploded in the crypto community as many participants tried and put NFT on the Bitcoin network, causing BTC’s block space to be filled with NFT crypto transactions.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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