Yuga Labs recently joined the Bitcoin Ordinals craze, announci | NFT News

Yuga Labs recently joined the Bitcoin Ordinals craze, announcing their latest NFT project titled “TwelveFold.”

Today, the 300-piece generative art project sold via auction and raised a total of 735 BTC ($16.5M). The highest bidder paid just over 7 BTC ($161K).

The auction drew some controversy because it required all bidders to send their BTC to Yuga and trust that the company would return funds for unsuccessful bids.