Key takeaways
- Yuga Labs is launching a brand new assortment on Bitcoin.
- The 300-piece generative artwork assortment, dubbed Twelvehold, will leverage Bitcoin’s ordinal protocol to show particular person satoshis into de-facto non-fungible tokens.
- Twelvefold is slated to launch this week.
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Ordinals hype is spreading—and NFT big Yuga Labs desires in on the motion. The studio now desires to launch a generative artwork assortment on Bitcoin.
A departure from what is predicted
Yuga Labs is increasing into Bitcoin.
The studio behind the well-known Board R Yacht Membership NFT assortment introduced In a weblog put up yesterday that it’s going to launch a brand new NFT assortment on the Bitcoin blockchain.
Titled Twelvefold, the challenge was described as a 300-piece experimental generative artwork assortment. Yuga Labs urged that it might leverage Bitcoin’s ordinal protocol to put in writing the artwork onto particular person satoshis—making every of them distinctive. A satoshi is the bottom denomination of a bitcoin; There are 100 million satoshis per bitcoin.
Yuga Labs stated the generative artwork assortment will discover “the connection between time, arithmetic and variability” inherent in Satoshis. He additional explains that Twelvefold’s design will function a visible metaphor for Bitcoin’s knowledge cartography, mixing extremely rendered 3D components with hand-drawn options.
“All of those selections are departures from what’s anticipated from Yuga,” wrote Yuga Labs co-founder Greg Solano. “However, . Crap doing anticipated issues. “
The studio stated on Twitter that it’s going to public sale the gathering earlier than the top of the week, and that discover – with public sale particulars and the precise time – can be given 24 hours prematurely.
Yug Labs is essentially the most profitable NFT firm on the earth. The studio is liable for creating collections equivalent to Bored Ape Yacht Membership, Mutant Ape Yacht Membership, and Otherside from Others; It additionally acquired Cryptopunks and Mebits from rival studio Larva Labs in March final yr.
Disclaimer: On the time of writing, the creator of this piece owned BTC, ETH and another crypto property.
