Home > NEWS > Yuga Labs’ first Bitcoin NFT auction nets $16.5M in 24 hours

Yuga Labs’ first Bitcoin NFT auction nets $16.5M in 24 hours

The highest of the 288 bidders forked out just over 7 BTC for one of the 288 Bitcoin Ordinals-based NFTs up for auction.

The auction of YUGA Labs's first batch of bitcoins, which can't be replaced, is over, and the company made a net profit of $16.5 million in just 24 hours.

A total of 288 bidders received a bitcoin NFT from the "twelve times" collection. YUGA indicates that the winning bidder will receive his inscription within a week, but the unsuccessful bidder will return the bid quota within 24 hours.

The auction resulted in 735 bitcoins (BTC), which could be worth $16.5 million at current purchase prices. The highest bid of 288 bidders was slightly higher than 7BTC or $161000 bought in one of the books.

YUGA unveiled the collection in mid-late February, describing it as "the most basic 12 plastic arts system software that revolves around a 12 × 12 grid, which is also a visual moral of the mapping of data information on a bitcoin block chain."

It mainly includes a limited personal collection of 300 pieces of reproductive system content printed by BTC on Satoshis on the Internet. The lucky winner is looking forward to sharing his new NFT online:

According to Cointelegraph, Yua Labs was strongly opposed by the login password street last week, and they saw a deficiency in the form of Yua's numbered auction.

by Martin Young
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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