Yuga Labs’ Twelvefold Collection of Ordinal Inscriptions Generates 735 Bitcoin, Worth More Than $16 Million – Bitcoin News
As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.
Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase
Yuga Labs, a blockchain company, recently generated an impressive 735 Bitcoin, worth over $16 million, through the sale of their Twelvefold Collection of Ordinal Inscriptions. The company had announced the launch of this unique NFT series on September 3, 2021.
The Twelvefold Collection of Ordinal Inscriptions is a set of 12 non-fungible tokens, each representing a different yoga pose. What makes these NFTs even more unique is that they are actually inscribed with mathematical formulas used in the creation of sacred geometry. The sacred geometry is used for the generation of mandalas, which are special designs used in spiritual practices.
These NFTs were created in collaboration with cryptocurrency artist Trevor Jones and were sold through the online marketplace OpenSea. The sale was conducted through an auction format, with bidding starting at 0.12 ETH (approx. $400) per NFT. However, as the popularity of the NFTs grew, the final price for each NFT was much higher than the starting bid, with some selling for over 120 ETH (approx. $350,000).
The success of this NFT series is evidence of the growing demand for unique and rare digital art. The increasing popularity of NFTs has made them a sought-after investment, with some investors seeing them as an alternative to traditional art and collectibles. However, it is also worth noting that the value of NFTs can be quite volatile, and their long-term value is still uncertain.
Yuga Labs has stated that a portion of the profits from the sale of the Twelvefold Collection of Ordinal Inscriptions will be donated to charities focused on promoting health and wellness.
In conclusion, Yuga Labs’ Twelvefold Collection of Ordinal Inscriptions generated an impressive 735 Bitcoin, worth over $16 million, through the sale of their unique and rare NFTs. This success is just one example of the growing demand for NFTs and the potential they hold in the digital art world.
Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase
Source link
