Bitcoin NFT Auction by Yuga Labs Garners $16.5M in 24 Hours
Bitcoin NFTs have suddenly risen to fame. Yuga Labs, after the launch of Bored Ape Yacht Club [BAYC], decided to stay low until the big release of Bitcoin Ordinal NFTs. The auction for this collection amassed significant interest after the firm pocketed $16.5 million within a period of 24 hours. In a recent Twitter thread, Yuga Labs revealed that the “TwelveFold” auction had ended. The auction had a total of 288 bidders, who garnered one Bitcoin NFT from the collection. An astounding 735 BTC, which is worth around $16.5 million, was acquired during the event. The highest bidder paid $161,000 or 7 BTC for their NFT. Source According to the firm, the event winners will receive their inscription within one week. However, those who have had unsuccessful bids will be able to recover their amount within a span of 24 hours. The bottom ten bidders invested around 2 Bitcoins into the auction. The lowest bid was for 2.2501 BTC. This was further touted as the most significa...