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Yuga Labs’ TwelveFold Auction Set for March 5

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On March 5, Yuga Labs posted a message on social media saying that the TwelveFold auction would start at 3:00 p.m. Pacific time on March 5 (7:00 a.m. Beijing t…

Yuga Labs TwelveFold Auction Set for March 5

On March 5, Yuga Labs posted a message on social media saying that the TwelveFold auction would start at 3:00 p.m. Pacific time on March 5 (7:00 a.m. Beijing time on March 6) and end before 3:00 p.m. Pacific time on March 6, 2023 (7:00 a.m. Beijing time on March 7) 24 hours later.

Yuga Labs: Bitcoin NFT series TwelveFold auction will start at 3pm PT time on March 5

Interpretation of the news:


Yuga Labs, a blockchain-focused development firm, has announced that it will hold a TwelveFold auction, with the event starting on March 5 at 3:00 p.m. Pacific Time and ending on March 6, 24 hours later. Yuga Labs is known for creating non-fungible tokens (NFTs) and other blockchain-based products.

The announcement of the TwelveFold auction has generated a lot of interest in the blockchain community. Many are anticipating that it will be a major event, with some predicting that it could generate significant revenue for Yuga Labs.

The main question on everyone’s minds is what the TwelveFold auction will entail. While Yuga Labs has not provided much detail about the auction, it is believed that it will involve the sale of NFTs or other blockchain-based products.

NFTs, which have gained prominence in recent years, are unique digital assets that are stored on a blockchain. They have been used in various applications, such as digital art, collectibles, and even virtual real estate.

Given Yuga Labs’ expertise in creating NFTs, it is likely that the TwelveFold auction will involve the sale of some of their creations. It remains to be seen, however, whether the auction will include NFTs from other creators as well.

The timing of the TwelveFold auction is also worth noting. The fact that it will take place over a 24-hour period, starting on March 5 and ending on March 6, suggests that Yuga Labs is aiming for a global audience. By starting at 3:00 p.m. Pacific Time, the auction will be accessible to those in the United States, while the end time of 3:00 p.m. Pacific Time on March 6 will allow those in Asia to participate as well.

Overall, the TwelveFold auction is shaping up to be an exciting event for the blockchain community. It will be interesting to see what Yuga Labs has in store for participants and how successful the auction will be.

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