- This is a collection of 300 generative art tokens
- The studio promises to later name the exact date of the start of trading
- The number of “ordinals” in the Bitcoin network has exceeded 200 thousand
Today, February 28, Yuga Labs studio announced the launch of a new project. The collection was called “TwelveFold”. It is a collection of 300 pieces of generative art reflecting “a visual allegory for the mapping of data on the Bitcoin network.”
This is the first Yuga Labs project based on Ordinals. Recall that here we are talking about a protocol that allows you to “tie” NFT to Satoshi. We covered this topic in detail in a separate article.
The Yuga Labs collection consists of 300 artistic NFTs created by the studio’s in-house art team. Their designs include both 3D graphics and hand-drawn elements.
In company emphasized, the new project has nothing to do with BAYC and other Ethereum-based collections. What’s more, the firm said that “TwelveFold” has no “extended value.”
The exact start date of the auction is unknown. Yuga Labs promised to name it within a day from the moment of the announcement. The cost of a mint also remains in question.
It should be noted that as of February 27, 202,800 “ordinals” were minted in the Bitcoin network. At the same time, some NFTs go under the hammer for record amounts. So, for example, a token from the Ordinal Punks collection was sold for 9.5 BTC, that is, more than $200,000.
Most likely, the interest of Yuga Labs in this protocol is dictated by the desire to expand the reach of the audience. Most of the studio’s projects are based on Ethereum, and the firm wants to enter a new market.