TwelveFold NFT\’s highest bid has reached 2BTC, and 102 addresses have bid more than 0.1BTC

According to the news on March 6, the highest bid for Yuga Labs Bitcoin NFT series TwelveFold is currently 2BTC, with the address starting with bc1pdkgf6y. It is reported that a total of 288 inscriptions will be auctioned at this auction, and 288 highest winning bidders will be awarded at the end of the auction. At present, among the first 288 bids, there are 102 addresses above 0.1BTC, and the lowest bid is 0.0219. The auction will end before 7:00 on March 7, 2023 Beijing time.

Interpretation of this information:

The message is about the ongoing auction of Yuga Labs’ Bitcoin NFT series TwelveFold. A non-fungible token (NFT) represents a unique digital asset, such as a piece of artwork or music, that is authenticated on a blockchain. Yuga Labs, a blockchain-based gaming and entertainment startup, has created a series of 288 NFTs in the TwelveFold collection.

The highest bid for the auction at the time of the news was 2 BTC, or approximately $116,000 based on the Bitcoin price at that time. The bidder’s address starts with bc1pdkgf6y, indicating that it is a Bitcoin address that utilizes the latest Segregated Witness (SegWit) address format. This type of address can help reduce the transaction fees and improve the network’s scalability.

It is worth noting that Yuga Labs’ TwelveFold collection is not just a single NFT but a collection of 288 unique NFTs. Each NFT has its own distinctive features, themes, and attributes. The 288 highest bidders will receive one NFT each, depending on their winning bid. Therefore, even if the highest bidder wins, they will only receive one NFT from the collection, not the entire series.

The message also provides some interesting statistics about the ongoing auction. Among the first 288 bids, there are 102 addresses that have bid above 0.1 BTC (about $5,800). This indicates that there is a considerable demand for Yuga Labs’ TwelveFold collection from high-value bidders. However, the lowest bid for the auction is only 0.0219 BTC (about $1,280), indicating that there is also some interest from smaller bidders.

Finally, the message notes that the auction will end before 7:00 on March 7, 2023, Beijing time. The exact time of the auction’s end is not specified, but it is likely that the winning bidders will be announced shortly thereafter.

Overall, the message highlights the growing popularity of NFTs and blockchain-based collectibles. Yuga Labs’ TwelveFold collection is an exciting endeavor that allows collectors to own a unique and verifiable digital asset. The ongoing auction provides an interesting glimpse into the market demand for NFTs and the valuation of digital art. It will be fascinating to see how much the winning bidder ultimately pays for their prized NFT from the TwelveFold collection.