Yuga Labs Introduces ‘TwelveFold’, A Bitcoin-Based NFT Project
Later this week, Yuga Labs, the $4 billion firm behind the popular NFT collection Bored Ape Yacht Club, will introduce its first-ever Bitcoin-based NFT initiative, the company just announced.
The series dubbed ‘TwelveFold’ will feature 300 limited-edition generative artworks inscribed on the Bitcoin blockchain. It is among the most prominent launches through Ordinals, a recently introduced method for transferring media and artwork to Bitcoin by permanently attaching it to a unique Satoshi, or 1/100,000,000 of 1 Bitcoin (BTC).
The pieces, all 12x12 grids (a reference to how data is kept on the Bitcoin network), will blend 3D images and hand-drawn elements. The project was developed and designed by Yuga's internal art team, and according to the firm, it is unrelated to its Ethereum-based intellectual property and will not operate or interact with it in the future.
TwelveFold differs from similar initiatives in regard to scale. Every other Yuga-owned collections have 10,000 or more NFTs, whereas TwelveFold will only consist of 300 tokens. It is more comparable to Autoglyphs, a popular Ethereum-based generative art project from Larva Labs that have 512 NFTs.
“All of these choices are a departure from what’s expected from Yuga,” wrote Greg Solano, Yuga Labs’ co-founder, in a blog post accompanying Monday's announcement. “But, you know. Fuck doing expected things.” He further stated, “we’re excited about Ordinal inscriptions and what the future holds for digital artifacts on Bitcoin.”