Yuga Labs' Bitcoin NFT collection TwelveFold to be auctioned Sunday
NFT heavyweight Yuga Labs laid out the terms of the auction for its Bitcoin NFT collection TwelveFold on Sunday, which is due to start at 3 p.m. PT. There will be 12 held back for contributors, donations and philanthropic efforts, according to a company release. The auction will close about 24 hours after it starts.
The results will be finalized based on the last completed Bitcoin block before 3 p.m. PT on March 6. If the last block occurs at 2:57pm PT that day, then any bids contained within the following block will be disregarded even if they were submitted before the deadline, since they were not confirmed. There is no set price or guideline for bids. This is Yuga Labs' first dalliance with Bitcoin NFTs, having dominated the market in Ethereum NFTs with blockbuster collections Bored Ape Yacht Club and CryptoPunks.
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