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News Explorer — Yuga Labs' Bitcoin Blockchain Auction Is a Way to Increase Transparency and Developer Interest While Adding to the Bitcoin Chain's Security Budget

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Mar 7, 9:01 pm
Coindesk

Yuga Labs' Bitcoin Blockchain Auction Is a Way to Increase Transparency and Developer Interest While Adding to the Bitcoin Chain's Security Budget

Yuga Labs' co-founder Greg Solano believes that their first-ever Bitcoin blockchain auction is not a gateway for scammers. He stated that the company is a trusted party and that the auction was a way to be more transparent. The auction required bidders to have a self-custody wallet and an empty wallet to receive the NFT. The auction is still in its early stages and is a way for Yuga to increase developer interest and add to the security budget of the Bitcoin chain.

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