Greg Solano said the company’s use of the Bitcoin blockchain and its strategic bidding process could only be done because Yuga Labs is a “trusted party.”
Yuga Labs’ first Bitcoin NFT auction nets $16.5M in 24 hours
The highest of the 288 bidders forked out just over 7 BTC for one of the 288 Bitcoin Ordinals-based NFTs up for auction.
‘Scammers dream’ — Yuga’s auction model for Bitcoin NFTs sees criticism
Yuga Labs’ first Bitcoin NFT collection saw some backlash from the crypto community over the weekend, pointing to flaws in the way it’s conducting the auction.