Key points to remember
- Yuga Labs launches a new collection on Bitcoin.
- The 300-piece generative art collection, named Twelvehold, will leverage Bitcoin’s ordinal protocol to turn individual satoshis into de facto non-fungible tokens.
- Twelvefold is expected to launch this week.
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Ordinal hype is spreading, and NFT giant Yuga Labs wants in on the action. The studio is now looking to launch a generative art collection on Bitcoin.
A deviation from what is expected
Yuga Labs expands to Bitcoin.
The studio behind the famous Bored Are Yacht Club NFT collection announcement yesterday in a blog post that he would be launching a new NFT collection on the Bitcoin blockchain.
Titled Twelvefold, the project has been described as a 300-piece experimental generative art collection. Yuga Labs said it would take advantage of Bitcoin’s ordinal protocol to inscribe art on individual satoshis, making each one unique. A satoshi is the smallest denomination of a bitcoin; there are 100 million satoshis per bitcoin.
Yuga Labs said the generative art collection would explore “the relationship between time, math, and variability” inherent in satoshis. He further explained that Twelvefold’s design would serve as a visual allegory for Bitcoin’s data mapping, with highly rendered 3D elements blending with hand-drawn features.
“All of these choices deviate from what is expected of Yuga,” wrote Yuga Labs co-founder Greg Solano. “But you know. Fuck doing the expected things.
The studio said on Twitter that it would auction the collection before the end of the week and that notice – with auction details and 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 creating 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 last year.
Disclaimer: At the time of writing this article, the author of this article owned BTC, ETH, and several other crypto assets.