Coinspeaker
Yuga Labs Rakes In $16.5 Million within 24 Hours of Its First Bitcoin NFT Auction
Yuga Labs has just concluded the auction of its first-ever Bitcoin-based non-fungible token (NFT) collection – TwelveFold. The auction, which lasted for 24 hours, saw 288 successful bidders claiming as many pieces from the collection. And according to the firm, it has netted no less than $16.5 million within the short auction period.
Sharing more details about the auction, a Yuga Labs spokesperson claims that bids for the TwelveFold collection were 3,246 in total. Of those bids, the highest was placed for 7.1159 BTC (nearly $159,500), while the lowest successful bid was 2.2501 BTC (approximately over $50,000).
Recall, Coinspeaker earlier reported that the TwelveFold collection features 300 pieces of art. So, while Yuga Labs confirms that the top 288 bidders will receive their inscriptions within the week, it also shares what it intends to do with the remaining 12 pieces from the limited seri
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