Cointime

Cointime

Download App
iOS & Android
Home / JUST IN

Yuga Labs’ Bitcoin NFTs Top Bid Is 2 BTC; Draws Criticism for Auction Model

Yuga Labs’ TwelveFold Bitcoin (BTC) NFT top 288 bids are led by a 2 BTC bid (around $50,000), with the lowest being 0.111222 BTC ($250) as of press time.

Yuga Labs’ auction process requires participants to deposit their BTC into an address provided by the company.

The NFT company asked participants to provide a separate BTC address to receive their NFTs if they win the auction, adding that it would refund those with unsuccessful bids.

Bitcoin Ordinals NFT, creator Casey Rodarmor, said Yuga Labs’ method was a “degenerate bullshit.” Rodarmor threatened to wash his hands off the entity if it repeated the same thing.

Yuga Labs Bitcoin
Comments

All Comments

Recommended for you

  • Cointime's Evening Highlights for May 19th

    1.US spot Bitcoin ETFs saw net inflows of $948.3 million this week

  • An address mistakenly transferred about $7,000 in BTC to Satoshi Nakamoto’s wallet

    According to Arkham monitoring, someone accidentally sent 90% of their BTC assets to Satoshi Nakamoto's wallet address last night. They were trying to swap Ordinal for PupsToken, but ended up sending almost their entire wallet balance - about $7,000 worth of BTC.

  • Cointime May 12 News Express

    1.The number of Bittensor subnets for the AI ​​project will increase to 64, and 1024 subnets will be achieved this year2.Trader predicts Bitcoin price will reach $350,0003.vladilena.eth redeemed 1930 weETH from Zircult, suspected of selling4.Solana’s on-chain DEX transaction volume yesterday exceeded the sum of five chains including Ethereum, BSC, and Arbitrum5.RSS3 VSL locked-in amount surged in the past two days and is close to 200 million US dollars 6.The transaction volume of Club Key on friend.tech platform exceeded 1 million7.Lido has paid out more than 516,000 ETH in staking rewards, equivalent to approximately $1.51 billion8.1,000 BTC transferred from TronDAO to an unknown new wallet9.Report: Justin Sun deposited 120,000 eETH into Swell L2, worth $376 million10.1707.36 BTC have flowed out of Binance in the past 7 days
  • cointelegraph ·

    Bitcoin opens $63K futures gap as thin liquidity threatens BTC price

    Bitcoin market participants are doubting the staying power of the ongoing BTC price relief bounce.
    Bitcoin opens $63K futures gap as thin liquidity threatens BTC price

  • Cointime May 3rd News Express

    1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days

  • Yuga Labs will migrate the Otherside metaverse to Improbable’s Msquared

    Yuga Labs and Improbable announced the migration of Otherside Metaverse to Improbable's Msquared, which is Improbable's interconnected Metaverse network. By rebuilding Otherside, Yuga Labs will provide the community with the ability to build in large-scale environments and interoperability. Improbable and Yuga Labs also announced other news about the development of Otherside, including a large multiplayer game event in July and the launch of Otherside development toolkit World Builder ODK.

  • BTC falls below $58,000

    Golden Finance reported that according to OKX market data, BTC briefly touched $57,700 and is now trading at $58,581.53, with a daily decline of 7.15%. The market is volatile, so please be prepared for risk management.
  • Bitcoin Asia ·

    Bitcoin Conference to Bring Star-Studded Lineup of Speakers to Hong Kong on Dawn of Historic ETFs.

    Excitement is brewing in the heart of Asia as Hong Kong regulators pave the way for a new era of innovation with the recent approval of spot Bitcoin exchange-traded funds (ETFs). This groundbreaking development underscores Hong Kong's commitment to becoming a regulated hub for Bitcoin. At the same time, the Bitcoin Conference is bringing the best and brightest Bitcoiners from around the world to Hong Kong for Bitcoin Asia.
    Bitcoin Conference to Bring Star-Studded Lineup of Speakers to Hong Kong on Dawn of Historic ETFs.
  • Cointime精选 ·

    The Untold Story of ditto-b

    The story of an anonymous developer who fixed a critical flaw in Bitcoin's code.
    The Untold Story of ditto-b
  • Cointime精选 ·

    Bitcoin Valuation by Savings Adoption

    A mid-term approach to price modelling Bitcoin is something entirely new, something never before observed. Because of this, many of the trusted tools in our financial toolkits might simply not do a very good job of modelling its performance, and it’s causing apprehension among analysts who are used to deploying certain modelling tools to make sense of asset pricing.
    Bitcoin Valuation by Savings Adoption

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company