{"id":4640,"date":"2023-03-07T07:36:59","date_gmt":"2023-03-07T07:36:59","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/03\/07\/yuga-labs-twelvefold-btc-nfts-sell-out-cheapest-was-50k\/"},"modified":"2023-03-07T07:36:59","modified_gmt":"2023-03-07T07:36:59","slug":"yuga-labs-twelvefold-btc-nfts-sell-out-cheapest-was-50k","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/03\/07\/yuga-labs-twelvefold-btc-nfts-sell-out-cheapest-was-50k\/","title":{"rendered":"Yuga Lab&#8217;s &#8220;TwelveFold&#8221; BTC NFTs Sell Out, Cheapest Was $50K"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Yuga Labs\u2019 highly-anticipated Twelvefold Bitcoin NFT auction has come to a close. 288 successful bidders spent a huge $16.5 million worth of BTC to acquire pieces from the limited collection. The collection, featuring 300 unique generative art pieces, generated significant buzz and received over 3,000 bids within 24 hours. Let\u2019s dive into Yuga\u2019s debut Bitcoin NFT collection!<\/p>\n<figure id=\"attachment_98382\" aria-describedby=\"caption-attachment-98382\" style=\"width: 960px\" class=\"wp-caption aligncenter\"><picture decoding=\"async\" class=\"wp-image-98382 size-full\"><source type=\"image\/webp\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold.jpeg.webp 960w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold-300x169.jpeg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold-768x432.jpeg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold-100x56.jpeg.webp 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold-150x84.jpeg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold-450x253.jpeg.webp 450w\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20960%20540'%3E%3C\/svg%3E\" data-lazy-sizes=\"(max-width: 960px) 100vw, 960px\"\/>\n<\/picture>\n<noscript><picture decoding=\"async\" class=\"wp-image-98382 size-full\"><source type=\"image\/webp\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold.jpeg.webp 960w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold-300x169.jpeg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold-768x432.jpeg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold-100x56.jpeg.webp 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold-150x84.jpeg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold-450x253.jpeg.webp 450w\" sizes=\"(max-width: 960px) 100vw, 960px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold.jpeg\" alt=\"Artwork from Yuga Lab's Twelvefold collection Twelvefold\" width=\"960\" height=\"540\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold.jpeg 960w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold-300x169.jpeg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold-768x432.jpeg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold-100x56.jpeg 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold-150x84.jpeg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold-450x253.jpeg 450w\" sizes=\"(max-width: 960px) 100vw, 960px\"\/>\n<\/picture>\n<\/noscript><figcaption id=\"caption-attachment-98382\" class=\"wp-caption-text\">Yuga Labs\u2019 first Bitcoin collection sold out raising $16.5 million. Image: Twelvefold<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<h2><span id=\"Yuga_Labs_TwelveFold_NFT_Collection_Nets_165_Million_in_Bitcoin_Auction\">Yuga Labs\u2019 TwelveFold NFT Collection Nets $16.5 Million in Bitcoin Auction<\/span><\/h2>\n<p>TwelveFold generated 3,246 total bids during its 24-hour auction on Monday. The highest bid was 7.1159 BTC, approximately $159,500, while the lowest successful bid was 2.2501 BTC, or slightly over $50,000. The top 288 bidders will receive their inscriptions within the week. <a href=\"https:\/\/www.yuga.com\/\" target=\"_blank\" rel=\"noopener\">The company<\/a> has previously released NFTs only on the Ethereum blockchain, with collections featuring at least 10,000 NFTs. However, TwelveFold is a 300-count limited series.<\/p>\n<p>Yuga Labs has taken a bold step away from its previous work with the <a href=\"https:\/\/nftevening.com\/what-is-generative-art-nft\/\" target=\"_blank\" rel=\"noopener\">generative art pieces<\/a> in TwelveFold NFTs. These <a href=\"https:\/\/nftevening.com\/twelvefold-by-yuga-labs-unveils-unique-bitcoin-collection\/\" target=\"_blank\" rel=\"noopener\">unique pieces<\/a> are inscribed on the Bitcoin blockchain via Ordinals, a new method of committing art to Bitcoin. Each piece is a 12\u00d712 grid, combining 3D graphics and hand-drawn features. Unlike other <a href=\"https:\/\/nftevening.com\/what-is-nft-art-and-how-do-i-get-involved\/\" target=\"_blank\" rel=\"noopener\">NFT collections<\/a>, the code will generate each of the 288 pieces won at auction, ensuring that each piece is unique. The higher bidding price does not influence the quality of the piece, but the pieces are numbered and generated based on their rank in the bidding process.<\/p>\n<p>However, not everybody was happy with the bidding process for Yuga Labs\u2019 TwelveFold collection. In order to participate, bidders had to deposit the full amount of their bids directly with Yuga. Casey Rodarmor, creator of Bitcoin Ordinals quickly condemned the process. Rodarmor berated Yuga for creating a system that could be easily manipulated by project creators to steal funds from bidders. Nonetheless, Yuga promised to return rejected bids within 24 hours of the auction\u2019s end.<\/p>\n<div class=\"bottom-text__subscribe\">\n<div id=\"mlb2-5802138\" class=\"ml-form-embedContainer ml-subscribe-form ml-subscribe-form-5802138\">\n<div class=\"ml-form-align-center\">\n<div class=\"ml-form-embedWrapper embedForm\">\n<div class=\"ml-form-embedBody ml-form-embedBodyHorizontal row-form\">\n<div class=\"ml-form-embedContent\" style=\"\">\n<h4><span id=\"Join_Our_New_To_The_Moon_daily_Newsletter\">Join Our New &#8220;To The Moon&#8221; daily Newsletter<\/span><\/h4>\n<p>Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts &amp; stay on top \ud83d\udc4a\ud83c\udf1a<\/p>\n<\/div>\n<\/div>\n<div class=\"ml-form-successBody row-success\" style=\"display:none\">\n<div class=\"ml-form-successContent\">\n<h4><span id=\"Thank_you\">Thank you!<\/span><\/h4>\n<p>You have successfully joined our subscriber list.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><img loading=\"lazy\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\" data-lazy-src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\"\/><noscript><img loading=\"lazy\" src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\"\/><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/yuga-labs-twelvefold-btc-nfts-sell-out-cheapest-was-50k\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yuga Labs\u2019 highly-anticipated Twelvefold Bitcoin NFT auction has come to a close. 288 successful bidders spent a huge $16.5 million worth of BTC to acquire pieces from the limited collection. The collection, featuring 300 unique generative art pieces, generated significant buzz and received over 3,000 bids within 24 hours. Let\u2019s dive into Yuga\u2019s debut Bitcoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/TwelveFold.jpeg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/4640"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=4640"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/4640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/4641"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=4640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=4640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=4640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}