• Yuga Labs announced their newest contribution to the NFT world – Twelvefold, a limited edition collection of 300 generative pieces inscribed on Satoshis on the Bitcoin blockchain.
• The collection is built around a 12×12 grid and draws inspiration from the cartography of data on the Bitcoin blockchain.
• The auction for Twelvefold will launch later this week with a 24-hour notice period prior to its start.
Yuga Labs Launches Ordinal Inscription Collection Twelvefold
The team behind Bored Ape Yacht Club’s wildly popular NFT collection has unveiled their latest addition – Ordinal inscription series called Twelvefold. On Feb 28th, Yuga Labs announced the limited edition set of 300 generative pieces inscribed on Satoshis on the Bitcoin blockchain.
Design Inspiration Behind Twelvefold
TwelveFold is based off a 12X12 grid system and intended as an allegory for the cartography of data found on Bitcoin’s blockchain. The official documentation labels these individual assets as „digital artifacts“ rather than Non-Fungible Tokens (NFTs).
Taproot Upgrade Enabled Ordinals
Ordinals are special type NFTs that can be “inscribed” into one Satoshi, which is the smallest denomination of a Bitcoin and remain permanently embedded in its blockchain. This was made possible by Taproot upgrade in November 2021, bringing programmability and smart contract capabilities to its network.
Auction Launch Details
Yuga Labs shared that the auction for Twelvefold will launch later this week with a 24-hour notice period prior to its start.
Ordinal inscriptions have taken crypto world by storm and Yuga Lab’s new release promises to add another layer of intrigue amongst collectors and investors alike .