Yuga Labs Announces Start and End Time of TwelveFold Auction
On March 5, Yuga Labs posted a message on social media saying that the TwelveFold auction would start at 3:00 p.m. Pacific time on March 5 (7:00 a.m. Beijing t…
On March 5, Yuga Labs posted a message on social media saying that the TwelveFold auction would start at 3:00 p.m. Pacific time on March 5 (7:00 a.m. Beijing time on March 6) and end before 3:00 p.m. Pacific time on March 6, 2023 (7:00 a.m. Beijing time on March 7) 24 hours later.
Yuga Labs: Bitcoin NFT series TwelveFold auction will start at 3pm PT time on March 5
Interpretation of the news:
Yuga Labs, a blockchain-based gaming platform that utilizes non-fungible tokens (NFTs), announced via social media that the TwelveFold auction would commence on March 5 at 3:00 p.m. Pacific Time (PT) and conclude before 3:00 p.m. PT on March 6, 2023. The auction will last for 24 hours and will conclude at 7:00 a.m. Beijing Time (BT) on March 7, 2023.
This announcement has significant implications for those interested in participating in the TwelveFold auction. Yuga Labs’ explicit announcement of the start and end times of the auction allows participants to plan their bids accordingly, ensuring they do not miss out on the opportunity to obtain their desired NFTs. Furthermore, knowing the auction’s end time provides participants with a clear deadline, thereby creating a sense of urgency and encouraging them to submit their maximum bids.
The timing of the auction in PT and BT is also worth noting. PT is eight hours behind BT, meaning the auction will commence at 7:00 a.m. BT and conclude at 7:00 a.m. BT the following day. The fact that the auction starts during business hours in BT, a time when many individuals are awake and able to participate, may increase competition and drive up the price of the NFTs offered in the auction. Furthermore, the fact that the auction concludes in the early morning in BT may encourage participants to remain vigilant and engaged in the auction to ensure they have the highest bid when the auction concludes.
Overall, Yuga Labs’ announcement of the start and end times of the TwelveFold auction provides clarity, transparency, and a clear sense of urgency for potential participants. It also highlights the global nature of the auction with timing considerations taken into account for participants in both PT and BT.
In conclusion, Yuga Labs’ message serves as a reminder to those interested in the TwelveFold auction to prepare their bids accordingly and stay active during the 24-hour auction window.
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