Yuga Labs has announced the upcoming launch of TwelveFold, a collection of NFTs on the Bitcoin blockchain. But in reality, these are not exactly NFTs, but ordinals. With this project, Yuga Labs intervenes in a new field which arouses the interest and enthusiasm of collectors.
Yuga Labs launches a collection of ordinals on Bitcoin
The startup behind the precious Bored Ape Yacht Club NFTs is embarking on a new experimental adventure. Yuga Labs will launch a collection of ordinals, a kind of NFT on the Bitcoin blockchain. She will use the Ordinals protocol to create a collection of generative artwork inscribed on satoshis on the Bitcoin blockchain. This is the bitcoin equivalent of smart contract NFTs, but without the smart contracts. Unlike smart contract NFTs, Bitcoin ordinals are just satoshis. These are related to specific content.
Yuga Labs will launch TwelveFold, a collection of 300 generative works of art inscribed on satoshis on the blockchain Bitcoin. These pieces will represent a complete artistic project. The Ordinals protocol that the company will use offers the possibility of adding text, images or videos to satoshis. Like traditional NFTs, ordinals are “on-chain”.
Yuga Labs expands its Bitcoin reach with TwelveFold
The arrival of ordinals on the most emblematic blockchain of all time can only arouse the enthusiasm of the NFT community. It’s Yuga Labs’ turn to take advantage of this growing interest, by expanding its reach into Bitcoin. However, the company claimed that the TwelveFold project will have no further use. It will not interact with any old, current, or future Ethereum-based projects from Yuga Labs.
She said in a statement that this project deviates from what is expected of Yuga. But it’s the kind of energy and excitement that the startup loves. However, the launch date has not yet been communicated. The company will announce more details about the auction schedule and mechanics in the coming week.
Will Bitcoin ordinals be able to boost trade volume in the sector after a catastrophic 2022? Only the future will tell us.
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