Participate in the auction of Bitcoin NFT series TwelveFold: How can investors participate?

php editor Youzi will introduce to you the auction details of the Bitcoin NFT series TwelveFold. As the cryptocurrency market continues to develop, non-fungible tokens (NFTs) have become a hot investment. TwelveFold is a series of Bitcoin-based NFT works with unique creativity and collection value. For investors, participating in TwelveFold’s auction is an opportunity to learn about and acquire these unique digital artworks. This article will introduce in detail how investors can participate in this auction and understand the relevant details. Whether you are a novice investor or a seasoned cryptocurrency player, this article will provide you with valuable reference information.

TwelveFold is on sale, with a total of 288 bids

According to the Ordinal agreement, the TwelveFold NFT series will go on sale at 7 a.m. on March 6, Taiwan time. The sales deadline is before 7:00 on March 7, 2023. This series is launched by Yuga Labs, the parent company of Bored Ape.

It is reported that the TwelveFold NFT series will contain 300 limited edition generative art works, of which 288 works will be auctioned and 12 will be used for donation or charity.

TwelveFold auction details, how do investors participate in the auction?

On the morning of March 6, Yuga Labs officially announced the auction details of TwelveFold.

This TwelveFold series auction will use Bitcoin as the bidding method. Participants need to prepare two Bitcoin wallet addresses, one for bidding and the other for receiving the obtained NFT.

When users bid, they need to enter an empty self-hosted Bitcoin Taproot enabled wallet address for receiving inscriptions. If the bid is successful, this address will be used as the receiving address for the inscription; if the bid does not enter the top 288, this address will be used as the return address.

Why use an empty Bitcoin address?

In order to accept the NFT after winning the bid, an empty Bitcoin address must be used as the wallet. This is because each Bitcoin NFT needs to be minted individually and paid accordingly. If users store Bitcoin NFTs together with other Bitcoin assets, they may face the risk of the original assets being transferred when the NFT is minted. Therefore, using an empty address ensures that no unexpected transfers occur during the NFT minting process.

After entering the shipping address, you will be able to see a unique address to which the user can send their bids. The first 288 bidders will win the inscription.

There will be a ranking list throughout the auction process, showing the current bidding ranking. Winning bidders will receive their TwelveFold serial number inscription within one week of the end of the auction. Official data shows that the current highest bid in the series is 0.59 BTC, which is approximately $13,268.

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