Yuga Labs Introduces TwelveFold: A Bitcoin Ordinals NFT Collection
Discover the latest groundbreaking NFT project by Yuga Labs, set to launch on March 5 at 3:00 p.m. PST. TwelveFold, a limited collection of 300 unique NFTs, will be minted on the Bitcoin blockchain as extraordinary Ordinals Inscriptions.
Only 288 of the 300 pieces will be up for auction, with Yuga holding back the remaining 12 for contributors, donations, and philanthropic efforts.
Yuga Labs, renowned for their success with the Bored Ape Yacht Club, is now delving into the thrilling realm of Ordinals Inscriptions. While skeptics express concerns about Bitcoin NFTs straining the world’s oldest blockchain, Yuga Labs confidently joins the trend.
Unveiled on February 27, TwelveFold represents an experimental NFT collection distinct from Yuga’s Ethereum-based projects. Unlike their previous endeavors, the Yuga Labs art team has exclusively crafted these pieces using cutting-edge techniques such as 3D modeling, algorithmic construction, and high-end rendering tools. By leveraging Ordinals Inscriptions, Yuga Labs sidesteps storage and financial limitations associated with creating high-fidelity artwork.
TwelveFold presents a captivating “base 12 art system localized around a 12×12 grid,” offering a visual portrayal of Bitcoin blockchain data. Combining highly-rendered 3D elements with hand-drawn features, this collection pays homage to existing Ordinal Inscriptions, most of which are meticulously handcrafted.
ata to store and can be costly for creators. Though the use of Ordinals Inscriptions though, Yuga has seemingly bypassed these storage and financial constraints.
Yuga describes TwelveFold as a “base 12 art system localized around a 12×12 grid.” Billed as a visual allegory for the cartography of data on the Bitcoin blockchain, the collection will include highly-rendered 3D elements in addition to hand-drawn features, which serve as an homage to existing Ordinal Inscriptions, the majority of which are currently done by hand.
Due to the limited availability and prominence of this drop, TwelveFold will be released through an auction-style format, exclusively accepting Bitcoin bids. The auction will commence on March 5 at 3:00 p.m. PST and run for 24 hours. Of the 300 pieces, 288 will be up for auction, while the remaining 12 will be allocated for contributors and philanthropic endeavors. To participate, bidders need a self-custodial wallet containing Bitcoin and an empty Bitcoin address for potential winning bids.
In the event of unsuccessful bids, participants will have their Bitcoin refunded to their designated wallet addresses. It is essential to note that bids made with custodial wallets, such as those provided by exchanges like Coinbase and Binance, will not be eligible for refunds. Yuga Labs advises bidders to ensure their receiving addresses contain no additional Bitcoin to avoid confusion and accidental transfers.
To prepare for the auction, Yuga Labs suggests familiarizing oneself with the Ordinals Inscriptions guide, providing comprehensive information about this innovative collection.
Get ready to explore the extraordinary world of TwelveFold and secure your chance to own one of these exceptional Bitcoin Ordinals NFTs.
