NFT on Bitcoin: $16.5 million in 24 hours for Yuga Labs

Record on Bitcoin – It will not have escaped you, the NFT Ordinals are the phenomenon of this beginning of the year 2023their market would even be estimated at 5 billion dollars by 2035. Going with the wind, the Web giant 3, Yuga Labs held its first Bitcoin NFT auction, dubbed “ Twelvefold “. And, unsurprisingly: jackpot for the non-fungible token creator.


NFT Yuga Labs: A Business That Works on Bitcoin

Full box therefore for the sale of the new collection of 300 NFT. As the auctions went on, the price soared to dizzying heights, with some bidders offering million dollars for each NFT. The highest of the 288 bidders, for example, paid a little more than 7 BTC for a non-fungible token.

Capture décran 2023 03 07 à 08.58.13
Tweet by Yuga Labs – Source Twitter

“The TwelveFold auction is over. Congratulations to the top 288 bidders – you will receive your entry within the week. Valid bids that did not place in the top 288 will have their bid amount returned to their receiving address within 24 hours. »

Tweet by Yuga Labs

>> Cryptos for your first NFTs, it’s on eToro (commercial link)<<

$16.5 million in the blink of an eye for NFT Yuga Labs

In total, the sale generated $16.5 million in just 24 hours, setting a new record for Bitcoin NFTs. According to Yuga Labs, proceeds from the sale will allow to support the development of the NFT ecosystem. And, he would need it!

Indeed, there is a shadow on the board. To bid for an NFT Yuga Labs auction on Ordinals, funds must be sent to an address belonging to Yuga Labs. Users who miss their auctions then have to wait several hours for the funds to return. Somewhat archaic, this technique has caused ink to flow on social networks – Well Named.

The Ordinals protocol therefore seems to confirm that it has transformed its tests at the start of 2023. Yuga Labs is no exception. Until recently, a turd was sold for $28,000 on Bitcoin.

You have the right to understand nothing about the NFT trend on Bitcoin. On the other hand, not being interested in Bitcoin is unforgivable! Don’t wait any longer to prepare for the future. Register now on the eToro platform (commercial link).

Last Verdict

To get more updates about the insurance you can follow our website or can bookmark it.

Leave a Reply

Your email address will not be published. Required fields are marked *