{"id":560341,"date":"2023-03-07T04:20:39","date_gmt":"2023-03-07T01:20:39","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/yuga-labs-first-bitcoin-nft-auction-nets-16-5m-in-24-hours\/"},"modified":"2023-03-07T04:20:39","modified_gmt":"2023-03-07T01:20:39","slug":"yuga-labs-first-bitcoin-nft-auction-nets-16-5m-in-24-hours","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/yuga-labs-first-bitcoin-nft-auction-nets-16-5m-in-24-hours\/","title":{"rendered":"# Yuga Labs\u2019 first Bitcoin NFT auction nets $16.5M in 24 hours"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23e73242094\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23e73242094\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/yuga-labs-first-bitcoin-nft-auction-nets-16-5m-in-24-hours\/#%E2%80%9D_Yuga_Labs_first_Bitcoin_NFT_auction_nets_165M_in_24_hours_%E2%80%9C\" >&#8221; Yuga Labs\u2019 first Bitcoin NFT auction nets $16.5M in 24 hours &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Yuga_Labs_first_Bitcoin_NFT_auction_nets_165M_in_24_hours_%E2%80%9C\"><\/span>&#8221; Yuga Labs\u2019 first Bitcoin NFT auction nets $16.5M in 24 hours &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-48054ca8>The auction for Yuga Labs\u2019 inaugural Bitcoin Ordinal nonfungible token (NFT) collection has ended, netting the firm $16.5 million in just 24 hours.\u00a0<\/p>\n<p>A total of 288 bidders won one of the Bitcoin NFTs from the \u201cTwelveFold\u201d collection. Yuga said the winners will receive their in<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">script<\/a>ion within one week, while the unsuccessful bids will have their bid amount returned within 24 hours. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The TwelveFold auction has ended. Congratulations to the top 288 bidders &#8211; you will receive your inscription within one week. Valid bids that did not rank in the top 288 will have their bid amount returned to their receiving address within 24 hours.<\/p>\n<p>\u2014 Yuga Labs (@yugalabs) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/yugalabs\/status\/1632878847778512898?ref_src=twsrc%5Etfw\">March 6, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>According to NFT collector \u2018tropoFarmer\u2019, the auction yielded 735 BTC worth an estimated $16.5 million at current prices. The highest of the 288 bidders paid just over 7 BTC or $161,000 for one of the pieces.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">the TwelveFold auction just concluded, earning a total of 735 BTC \/ $16,500,000 in 24 hours, with the highest bidder paying $161k. biggest bear market drop by a mile, and it wasn&#8217;t even on Ethereum <\/p>\n<p>I&#8217;d say the Yuga ordinals experiment was a massive financial success. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/DUC2cKrZxo\">pic.twitter.com\/DUC2cKrZxo<\/a><\/p>\n<p>\u2014 tropoFarmer  (@tropoFarmer) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/tropoFarmer\/status\/1632878991089475584?ref_src=twsrc%5Etfw\">March 6, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Yuga announced the collection in late February, describing it as a \u201cbase 12 art system localized around a 12\u00d712 grid, a visual allegory for the cartography of data on the Bitcoin blockchain.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/43c70906-e205-42e3-8c9f-e00c627594fb.jpg\"><figcaption style=\"text-align: center;\"><em>TwelveFold #1 \u2013 Source: Yuga Labs<\/em><\/figcaption><\/figure>\n<p>It comprises a limited edition collection of 300 generative pieces inscribed on Satoshis on the BTC network.<\/p>\n<p><strong><em>Related:<\/em><\/strong><strong><em> <\/em><\/strong><strong><em>Nifty <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a>: Yuga Labs jumps on Ordinals hype<\/em><\/strong><\/p>\n<p>As reported by Cointelegraph, Yuga Labs received backlash over the weekend from the crypto community who identified flaws in how it conducted the auction for the Ordinals collection.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/yuga-labs-first-bitcoin-nft-auction-nets-16-5m-in-24-hours\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Yuga Labs\u2019 first Bitcoin NFT auction nets $16.5M in 24 hours &#8220; The auction for Yuga Labs\u2019 inaugural Bitcoin Ordinal nonfungible token (NFT) collection has ended, netting the firm $16.5 million in just 24 hours.\u00a0 A total of 288 bidders won one of the Bitcoin NFTs from the \u201cTwelveFold\u201d collection. Yuga said the winners&#8230;<\/p>\n","protected":false},"author":1,"featured_media":560342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/1a531404-9fa8-4f5a-95c4-6053ee713487.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[95118,67880],"class_list":["post-560341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-nft","tag-auction"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/560341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=560341"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/560341\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/560342"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=560341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=560341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=560341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}