Bitcoin NFTs are proving too attractive to ignore as they yuga laboratories will attest. The company behind popular collections like the Bored Ape Yacht Club is now planning to auction off a limited-edition art collection on the Ordinals protocol. This is according to an official tweet made on February 28.
Introducing TwelveFold. A limited edition collection of 300 generative pieces, enrolled in satoshis on the Bitcoin blockchain.https://t.co/aFWEIhzqcI pic.twitter.com/PjWABKKBr4
— Yuga Laboratories (@yugalabs) February 27, 2023
Bent “Twelve times,” The collection will feature 300 computer-generated works of art inspired by themes of math, time, and the Bitcoin blockchain. An official statement about the collection reads: “TwelveFold is a base 12 art system located around a 12×12 grid, a visual allegory for data mapping on the Bitcoin blockchain.”
Thanks to Ordinals, users of the Bitcoin blockchain can “enroll” images, text, audio and other data formats directly into Satoshis. Since the project launched in late January, there have been more than 207,000 signups or NFT mints, according to Dune Analytics.
“Satoshis are the smallest individually identifiable units of a Bitcoin. An inscribed satoshi can be located by tracking when that satoshi was minted in time through the Ordinal Theory protocol.”
Therefore, inspired by this ingenious concept, the Yuga collection “explores the relationship between time, mathematics, and variability.”
The growing popularity of Bitcoin NFTs inspired Yuga Labs to launch its own collection
The company cites the growing popularity of Bitcoin NFTs as the reason they chose to launch a collection on the blockchain.
“Walking into Ordinals Discord a month ago was like taking a peek into the 2017-era Ethereum NFT ecosystem. It’s the kind of energy and excitement we love at Yuga.”
Speaking about the upcoming auction, Greg Solano, co-founder of Yuga Labs, points out that everyone “These elections are a departure from what is expected” of the company.
The auction will begin in early March, and those who want to get their hands on a limited-edition digital artwork from this collection will need to run a self-custodial Bitcoin wallet and have an empty Bitcoin address. All bids will be made in Bitcoin.
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*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended for educational purposes only. People are required to fully research any product before making any type of investment.
Basil is an avid fan of blockchain technology and all its innovations, and he is passionate about sharing this narrative with his audience. He has spent over five years in the crypto space, specializing in research and creating Web3 content for various media outlets around the world.
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