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TwelveFold NFT Auction Begins

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On March 6, Yuga Labs tweeted that the auction of NFT series TwelveFold based on the Ordinal protocol had begun and would end before 7:00 Beijing time on March…

TwelveFold NFT Auction Begins

On March 6, Yuga Labs tweeted that the auction of NFT series TwelveFold based on the Ordinal protocol had begun and would end before 7:00 Beijing time on March 7, 2023.

Yuga Labs: TwelveFold auction has started, and the first 288 bidders will win the inscription

Interpretation of the news:


Yuga Labs has announced the start of the auction for the TwelveFold NFT series based on the Ordinal protocol. The TwelveFold series is the result of a collaboration with the artist known as “Ordinarystyles,” who is esteemed for his avant-garde style and skillful brushwork. Thus, exclusive ownership of the TwelveFold NFT is an extremely valuable possession. The auction started on March 6 and will end before 7:00 Beijing time on March 7, 2023.

Non-Fungible Tokens (NFTs) are unique digital assets that use blockchain technology to authenticate their ownership and enhance their value. NFTs are essentially digital certificates of ownership for unique digital works, such as art, music, videos, and other forms of content. The TwelveFold series is an NFT series that exemplifies the potential value of NFTs, especially considering the quality of the artwork and the reputation of the artist responsible for creating it.

Furthermore, this auction’s significance is amplified by the Ordinal protocol, the blockchain-based framework on which the TwelveFold series is built. The Ordinal protocol is predicated on the concept of “ordinality,” which implies that each NFT is a unique asset that cannot be replicated or duplicated in any manner. This ensures the authenticity and exclusivity of the NFT, which is critical to its value. The Ordinal protocol’s deployment in the auction of the TwelveFold NFT series demonstrates the significance of blockchain technology in creating value propositions for digital assets.

In conclusion, the auction of the TwelveFold NFT series is an important event that showcases the potential value of digital assets and the role of blockchain technology in enhancing their worth. Ordinarystyles’ artwork represents the highest caliber of digital art that exists, and the fact that it is being sold through NFTs is a testament to their growing popularity and potential importance in the art world. The Ordinal protocol further enhances the NFTs’ value, proving that blockchain technology is more than just hype but instead can unlock genuine value propositions. This auction has garnered significant attention in the burgeoning world of blockchain and NFTs, and it will be interesting to see how it develops.

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