- Yuga Labs, the company behind the NFT collection, Bored Ape Yacht Club, announced the launch of its first Bitcoin-based NFT collection.
- The collection of 300 pieces of generative art will be called ‘TwelveFold’.
Yuga Labs, the company behind the renowned collection of non-fungible tokens (NFTs) Bored Ape Yacht Club, announced this week the launch of its first Bitcoin-based NFT collection.
Through a release press the firm announced that the collection ‘TwelveFold‘, it will be a collection of NFTs that will live on the Bitcoin blockchain. The collection consists of 300 limited edition generative art pieces, 12×12 grids, combining 3D graphics with hand drawn features.
Despite not being the best of years for the crypto market, much less for NFTs, the ecosystem continues to evolve without stopping. Yuga Labs is basically the leading company for NFT projects and it is that Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), CryptoPunks, Meebits and other projects in the Metaverse fall under its umbrella.
However, despite the long history of Yuga Labs, all of his NFT projects lived on the Ethereum blockchain, because it is the default blockchain for them. This ends at the end of this week.
NFTs created on the Bitcoin blockchain
Probably many people are surprised by the fact that it is possible to mine NFTs on said blockchain, and if that is the case, it is because they have not heard of ‘Ordinal Inscriptions’, being digital assets registered in a satoshi.
The ‘Ordinal Inscriptions’ or ‘Ordinal NFTs’ are like the NFTs we have known so far with the difference in how the data is stored on the blockchain. ANDIt’s something quite new for the whole crypto community and therefore, TwelveFold will be one of the highest profile releases to date.
YugaLabs innovates by choosing Bitcoin
An important aspect is that Yuga Labs has already clarified that this collection will not have any kind of connection with the projects on Ethereum nor will they have future interactions or utilities in that regard.
Furthermore, the company acknowledged that clearly andhe project is a departure from what everyone expected of them. but, despite this, he implied that it is part of innovating.
“ANDWe are excited about Ordinal Registrations and what the future holds for digital artifacts in Bitcoin.” the company said in its statement.
Additionally, he told the public that they will be publishing the details of the auction later this week and that the information will arrive 24 hours before the actual sale. Therefore, he recommended to his audience living on Ethereum to open Bitcoin wallets before the tokens are minted.
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