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Yuga Labs Announces Auction of NFT Series TwelveFold

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On March 6, Yuga Labs tweeted that the auction of NFT series TwelveFold based on the Ordinal protocol had begun and would end before 7:00 Beijing time on March…

Yuga Labs Announces Auction of NFT Series TwelveFold

On March 6, Yuga Labs tweeted that the auction of NFT series TwelveFold based on the Ordinal protocol had begun and would end before 7:00 Beijing time on March 7, 2023.

Yuga Labs: TwelveFold auction has started, and the first 288 bidders will win the inscription

Interpretation of the news:


Yuga Labs, a blockchain-based technology company, tweeted on March 6 that the auction for their latest series of Non-Fungible Tokens (NFTs) called TwelveFold, which is based on the Ordinal protocol, had begun. The auction was set to end before 7:00 Beijing time on March 7, 2023. The announcement caught the attention of the cryptocurrency community as Yuga Labs has become known for creating unique and valuable NFTs.

NFTs are digital assets that represent ownership or proof of authenticity of a particular digital asset, such as art, music, videos, and other digital content. They use blockchain technology to allow for secure transactions and tracking of ownership. Recently, NFTs have gained significant popularity, with some selling for millions of dollars. Yuga Labs’ TwelveFold series of NFTs is expected to attract a lot of attention due to Yuga Labs’ reputation for creating innovative and unique NFTs.

The TwelveFold series of NFTs is based on the Ordinal protocol, which is a new blockchain protocol built specifically for NFTs. The protocol is designed to overcome some of the limitations of existing NFT protocols, such as lack of interoperability, scalability, and high fees. The protocol allows for easy creation and management of NFTs, as well as easy transfer of ownership. The TwelveFold series of NFTs is expected to showcase the capabilities of the Ordinal protocol and set a new standard for NFTs.

The auction for the TwelveFold series of NFTs is a timed auction that will end before 7:00 Beijing time on March 7, 2023. Bidding for the NFTs will begin at a set price, and interested bidders can bid higher amounts until the auction closes. The NFTs will be sold to the highest bidder, and ownership will be transferred to the buyer upon completion of the transaction. The auction is expected to generate a lot of interest, with many cryptocurrency enthusiasts expected to participate in the bidding process.

In conclusion, Yuga Labs’ announcement of the auction for the TwelveFold series of NFTs based on the Ordinal protocol has generated a lot of excitement in the cryptocurrency community. The NFTs are expected to showcase the capabilities of the Ordinal protocol and set a new standard for NFTs. The timed auction is expected to attract many interested bidders eager to own a unique and valuable NFT.

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