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ROLLUP: Silvergate Liquidate?! | Elizabeth Warren vs. Binance | Bankless 2.0 Announcement | SEC Taking Ls?
Bankless
UGA Labs Makes $16.5 Million in Bitcoin NFT Auction
UGA Labs created a set of NFTs on the Bitcoin ordinals protocol. They did this funky little auction mechanism where they took in Bitcoin deposits from people and then took in their bids for what those Bitcoin transfers would be. And so $16.5 million in revenue for UGA Labs, for their 288 NFTs that they minted. The top bids were seven Bitcoin and four Bitcoin, which was insane.
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