- 3.2 thousand users took part in it
- The minimum winning bet was just over $50,000.
- In total, the authors earned $16.5 million
- Winners will receive their NFTs within a week
Yesterday, March 6, the auction for the sale of 288 NFTs from the TwelveFold collection by Yuga Labs ended. This is the first studio project based on the Ordinals protocol.
For a day, from March 5 to March 6, in the auction accepted participation of more than 3 thousand users. In total, the studio received $16.49 million. The maximum bid per token was almost $160,000, while the minimum was $50,000.
All 288 auction winners will receive their tokens within a week. The company promises to return bets from other users within the same period.
Recall that this was the reason for criticism of the studio. The very concept of an auction with the accumulation of funds on one account and the return of unplayed bids “manually” aroused indignation.
Even the creator of Ordinals himself criticized the company. He called the auction “degenerate bullshit”, accusing the studio of distributing shitcoins.
It is also noteworthy that the project has nothing to do with the rest of the Yuga ecosystem. The collection, some tokens in which cost $70-80 thousand, actually has no practical value.
However, it also perfectly demonstrates that Ordinals could well compete with Ethereum-based NFTs in the future. Recall that earlier we published a forecast from Galaxy Digital, which indicated that by 2025 the capitalization of this market will be $5 billion.