Yuga Labs: TwelveFold auction has started, and the first 288 bidders will win the inscription
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.
Interpretation of this information:
Yuga Labs has announced their latest venture, the auction of NFT series TwelveFold, based on the Ordinal protocol. The announcement was made through their Twitter account on March 6, 2023. This is an exciting development for investors and collectors who are interested in these innovative new markets.
The announcement outlined some key information about the TwelveFold NFTs. Firstly, the auction was already underway and would conclude before 7:00 Beijing Time on March 7, 2023. This gives collectors a tight timeline in which to bid on the available NFTs.
The fact that the project is based on the Ordinal protocol is also worth noting. Ordinal is a new blockchain protocol that has been specifically designed to support NFTs. It aims to provide a secure and scalable platform for creators and collectors to trade unique digital assets. The fact that TwelveFold is based on this protocol should give potential buyers confidence in the security and legitimacy of the project.
The name “TwelveFold” is also interesting. It hints at the unique properties of these NFTs. Perhaps there are twelve different types of NFTs available, or maybe each NFT has twelve different attributes. Either way, this suggests that there will be a lot of variety and choice for collectors.
It is also worth considering the timing of this auction. The fact that it is happening in March 2023 suggests that Yuga Labs is looking to establish a regular schedule for NFTs. If this is the case, collectors and investors can expect more auctions to occur at regular intervals. This, in turn, could help to build a more stable and sustainable market for NFTs.
Overall, the announcement of the TwelveFold NFT series is an exciting development for anyone interested in digital asset trading. The fact that it is based on the Ordinal protocol should give buyers confidence in the project’s security, while the name “TwelveFold” suggests that there will be a wide variety of NFTs available. With the auction already underway, collectors have a tight deadline to bid on these unique digital assets.
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