Yuga Labs’ Twelvefold Collection of Ordinal Inscriptions Generates 735 Bitcoin, Worth More Than $16 Million

Laboratoires Yuga, the creators of the blue-chip non-fungible token (TVN) collection Bored Ape Yacht Club (BAIE), announced that the team has completed its Ordinal Inscription auction with a total of 3,246 bidders. The Twelvefold collection of inscriptions generated 735.7 bitcoins, worth more than $16 million. The highest bid was 7.1159 bitcoins, equivalent to $160,000.

Contenu

Individuals Complain About Yuga Labs’ Auction Model Despite Record Sales of Ordinal Inscriptions

Yuga Labs has concluded its Twelvefold auction after it went live at 3 après-midi. PST on March 5 and ended at 3 après-midi. PST on March 6. Schmigge Figge, the chief content officer at Yuga Labs, recently explained that Twelvefold is a base 12 art system localized around a 12×12 grid, and the collection is composed of 300 inscriptions. “Each series maintains a theme spread across 12 unique pieces,” the Yuga executive détaillé. “Every Twelvefold piece will be inscribed onto a satoshi with a satpoint ending in the number 12, and the ‘postage’ associated with each inscription will be 12121.”

Yuga Labs' Twelvefold Collection of Ordinal Inscriptions Generates 735 Bitcoin, Worth More Than $16 Million
The top 15 Twelvefold collection bidders.

According to a representative speaking on behalf of Yuga, the collection may hold the spot as the top Ordinal Inscription collection sale to date, as detailed in a note sent to Bitcoin-Tidings.com News. The Twelvefold auction saw 3,246 total bidders, with the top bid at 7.1159 BTC, ou $160,000, according to Yuga. The minimum bid to rank in the top 288 a été 2.2501 BTC, and the auction generated 735.7 BTC from the top 288 spots, which equated to roughly $16.5 million. Yuga tweeted on March 7 that all bids that did not rank in the top 288 saw funds returned to their receiving address.

“Bidders who won an inscription and increased their bids after the final block of the auction should empty the receiving address before inscriptions are sent,” Yuga said.

Although the sale was successful, a few people complained about the way Yuga ran the auction. “Yuga is establishing REALLY bad precedence running an auction like this. They are taking custody of bidders’ bitcoin with a promise to send back unsuccessful bids,” an Ordinals inscription supporter named Ordinally a écrit. “Not doubting they’ll do that, but this model is a scammer’s dream, and credible players need to set better example.”

Au moment de la rédaction, 341,711 inscriptions exist on the Bitcoin blockchain, indicating continued demand for Ordinals. En outre, over the last seven days, Ordinal inscriptions have entered the NFT sales space and competed with NFTs minted on Ethereum and Solana. Cette semaine, Emblem Vault version 4 (v4) is the eighth-largest NFT collection in terms of seven-day sales. Emblem Vault v4 contains a swath of Ordinal inscriptions, such as Ord Rocks and Bitcoin Punks, and has generated $3,658,977 en ventes. Emblem Vault v4 sales are up 59.87% from the previous week.

Tags dans cette histoire
art market, art system, Enchères, bidding, Bitcoin, Bitcoin Punks, Chaîne de blocs, technologie blockchain, Singe ennuyé Yacht Club, Crypto, Crypto-monnaie, Demande, Art numérique, Actifs numériques, Emblem Vault, Ethereum, Investisseurs, nf, Collecte NFT, Jeton non fongible, Ord Rocks, Ordinal Inscription auction, Ventes, sales space, Satoshi, satpoint, Schmigge Figge, Solana, Twelvefold auction, Twelvefold collection, Laboratoires Yuga

What are your thoughts on the success of Yuga Labs’ Twelvefold auction and the continued demand for Ordinal inscriptions in the NFT space? Do you think Yuga Labs’ auction model sets a bad precedent or is it a legitimate way to run an auction? Partagez vos pensées dans la section des commentaires ci-dessous.

Jamie Redman

Jamie Redman est le responsable de l'information chez Bitcoin-Tidings.com News et un journaliste spécialisé dans les technologies financières vivant en Floride. Redman est un membre actif de la communauté des crypto-monnaies depuis 2011. Il a une passion pour Bitcoin, code open-source, et applications décentralisées. Depuis septembre 2015, Redman a écrit plus de 6,000 articles pour Bitcoin-Tidings.com Actualités sur les protocoles perturbateurs qui émergent aujourd'hui.




Crédits image: Shutterstock, Pixabay, Wiki Commons, Twelvefold collection, Laboratoires Yuga, Twelvefold leaderboard,

Avertissement: Cet article est à titre informatif seulement. Il ne s'agit pas d'une offre directe ou d'une sollicitation d'offre d'achat ou de vente, ou une recommandation ou une approbation de tout produit, prestations de service, ou des entreprises. Bitcoin-Tidings.com ne fournit pas d'investissement, impôt, légal, ou conseil comptable. Ni la société ni l'auteur ne sont responsables, directement ou indirectement, pour tout dommage ou perte causé ou prétendument causé par ou en relation avec l'utilisation ou la confiance accordée à tout contenu, biens ou services mentionnés dans cet article.

Lire avertissement