key takeaways
- Yuga Labs is launching a new collection on Bitcoin.
- The 300-piece generative art collection, called Twelvehold, will leverage Bitcoin’s Ordinal protocol to turn individual satoshis into de facto non-fungible tokens.
- Twelvefold will be released this week.
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The ordinal hype is spreading, and NFT giant Yuga Labs wants in on the action. The studio is now looking to launch a collection of generative art on Bitcoin.
A departure from what is expected
Yuga Labs is expanding into Bitcoin.
The studio behind the famous Bored Are Yacht Club NFT collection Announced yesterday in a blog post that would launch a new collection of NFTs on the Bitcoin blockchain.
Titled Twelvefold, the project was described as a 300-piece experimental generative art collection. Yuga Labs indicated that it would take advantage of Bitcoin’s Ordinal protocol to inscribe art on individual satoshis, making each and every one of them unique. A satoshi is the lowest denomination of a bitcoin; There are 100 million satoshis per bitcoin.
Yuga Labs stated that the generative art collection would explore “the relationship between time, mathematics, and variability” inherent in satoshis. He further explained that the Twelvefold design would serve as a visual allegory for Bitcoin data mapping, with highly rendered 3D elements blending with hand-drawn features.
“All of these options depart from what is expected of Yuga,” Yuga Labs co-founder Greg Solano wrote. “But you know. Fuck doing the expected things.
The studio stated on Twitter that it would auction the collection before the end of the week and that a notice, with details of the auction and the exact timing, would be given 24 hours in advance.
Yuga Labs is the most successful company in the NFT world. The studio is responsible for the creation of collections such as Bored Ape Yacht Club, Mutant Ape Yacht Club and Otherdeeds from Otherside; it also acquired CryptoPunks and Meebits from rival studio Larva Labs in March of last year.
Disclaimer: At the time of writing, the author of this article owned BTC, ETH, and various other crypto assets.
