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  • Writer's pictureKyle

SOLD: Yuga Labs Sold 288 TwelveFold Pieces For 735 BTC Or $16.5M USD

Going once, going twice, three times, SOLD! Yuga Labs dropped the gavel on its TwelveFold collection this evening after the company’s 24-hour auction concluded.

Yuga Labs’ TwevleFold auction came down to the wire on Monday as the Web3 space went ape for the company’s first Bitcoin based collection.

“The TwelveFold auction has ended,” Yuga Labs tweeted after the auction. “Congratulations to the top 288 bidders - you will receive your inscription within one week. Valid bids that did not rank in the top 288 will have their bid amount returned to their receiving address within 24 hours.”

As the Bored Ape Gazette previously reported, TwevleFold is a limited-edition collection of 300 generative art pieces inscribed on Satoshis on the Bitcoin blockchain and were created by Yuga Labs’ Chief Content Officer and co-founder of 10KTF, Michael Figge.

After the auction, Figge took to Twitter and simply tweeted a heart emoji.

The top offer for TwelveFold #1 was 7.1159 BTC or $159,611USD and the cutoff offer for TwelveFold #288 was 2.2501 BTC or $50,470 USD. In total, Yuga Labs sold 288 TwelveFold pieces for 735 BTC Or $16.5 Million USD, according to the auction’s leaderboard. As the Bored Ape Gazette previously reported, every winning bidder will receive the TwelveFold NFT corresponding to their bid rank.

At this time, we do not know what the TwelveFold art looks like, but Figge did give the community an idea of the collection's vibe yesterday evening.

“TwelveFold is a base 12 art system localized around a 12x12 grid,” Figge tweeted on March 5th. “The collection of 300 inscriptions is made up of 25 different series of 12, each with their own motif. Each series maintains a theme spread across 12 unique pieces. Like crypto, the collection isn't so much linear but cyclical, with four different color palettes progressing throughout: winter, spring, summer, autumn. It's a nod to being optimistic whether we're in a Crypto Winter or a Defi Summer. Every TwelveFold piece will be inscribed onto a satoshi with a satpoint ending in the number 12, and the ‘postage’ associated with each inscription will be 12121.”

The Bored Ape Gazette will continue to follow the TwelveFold collection and will let you know when collectors start to receive their pieces. Stay tuned for updates!

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