Yuga Labs, the creators of the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), 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 bitcoin, worth more than $16 million. The highest bid was 7.1159 bitcoin, equivalent to $160,000.
Yuga Labs has concluded its Twelvefold auction after it went live at 3 p.m. PST on March 5 and ended at 3 p.m. 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 detailed. “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.”
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.com News. The Twelvefold auction saw 3,246 total bidders, with the top bid at 7.1159 BTC, or $160,000, according to Yuga. The minimum bid to rank in the top 288 was 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.
All Comments