Yuga Labs has announced on social media that it has initiated the TwelveFold glyph transfer process. Once all the glyphs are minted on the Bitcoin blockchain, all pieces will be transferred to the winning bidder’s empty receiving address, with a notification posted on the official Twitter account. However, Yuga Labs noted that 21 TwelveFold receiving addresses submitted previously are not empty, but the pieces will still be sent to these addresses. The company reminds users that if glyphs are kept together with other Bitcoin assets, there is a risk of accidentally transferring them during normal Bitcoin usage. Therefore, it is recommended to securely store, hold, and transfer the glyphs.
The TwelveFold auction has ended. 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.
— Yuga Labs (@yugalabs) March 6, 2023
TwelveFold is a highly sought-after NFT (non-fungible token) collection created by Yuga Labs. Each piece of TwelveFold consists of 12 unique glyphs, which can be combined to create a one-of-a-kind work of art. Since its release, TwelveFold has gained significant attention from collectors, with some pieces selling for millions of dollars.
The transfer of TwelveFold glyphs to the winning bidder’s receiving address marks the end of the auction and the beginning of a new chapter for the collection. The winning bidder will have full ownership and control over the glyphs, including the ability to display, sell, or trade them on the secondary market.
Yuga Labs’ announcement of the TwelveFold glyph transfer operation has generated excitement and anticipation among collectors and investors in the NFT market. The company’s emphasis on safe storage and transfer of glyphs is a reminder of the importance of cybersecurity in the digital asset space. As the NFT market continues to evolve and grow, it is crucial for companies and individuals to prioritize security and responsible ownership of these unique digital assets.