Experiment from Yuga Labs or just a bluff 6 March ended th | Metaverse Astronaut

Experiment from Yuga Labs or just a bluff

6 March ended the sensational auction Ordinals, NFT collection based on BTC. The project managed to get both positive and negative reviews. Now we take a look at Greg Solano's interview and get to the bottom of it all.

Solano immediately makes it clear that there was no risk to the funds of those involved. The first BTC auction worked and only happened because Yuga Labs is a trustee and this event only confirmed that.

For those who are not in the topic: the auction was held on the principle that all interested in the lot just send their bids to the purse of Yuga. If the bid did not play - the funds were returned manually to the sender. Because of such conditions Yuga received a wave of criticism about insecurity of such solutions, etc.

Solano says Yuga decided to use bitcoin blockchain to provide clarity. With clarity, the business can "set the best example, given the limitations of auctioning without trust on bitcoin, which is just not possible at this point."

A very sharp but effective move from the BAYC team and other collections. There is a good chance that many users who did not like the conditions of the holding will leave, as they do not want to see such a thing in the future. And of course, many will be even more eager to participate in future auctions from Yuga Labs.

#Ordinals #BTC #YugaLabs #NFT

Metaverse Astronaut