Bitcoin NFTs have proven too attractive to ignore. Yuga Lab Prove it. The company behind popular collections such as the Bored Ape Yacht Club is currently planning to auction a limited-edition art collection on the Ordinals protocol. This is according to an official tweet made on February 28th.
— Yuga Lab (@yugalabs) February 27, 2023
dubbing “twelve times” This collection includes 300 computer-generated artworks inspired by themes of mathematics, time, and the Bitcoin blockchain. An official statement about the collection reads:TwelveFold is a base 12 art system localized into a 12×12 grid, a visual allegory for data cartography on the Bitcoin blockchain. ”
Thanks to Ordinal, users of the Bitcoin blockchain can “write down” Send images, text, audio, and other data formats directly to Satoshis. According to Dune Analytics, there have been over 207,000 inscriptions or NFT mints since the project launched at the end of January.
“A Satoshi is the smallest individually identifiable unit of Bitcoin. An inscribed Satoshi can be found by tracing when it was minted via the Order Theory protocol.”
Hence the Yuga collection, inspired by this ingenious concept. “Exploring the relationship between time, mathematics, and variability.”
The Growing Popularity of Bitcoin NFTs Inspired Yuga Labs to Launch Its Own Collection
The company cites the growing popularity of Bitcoin NFTs as the reason it chose to drop the collection onto the blockchain.
“Stepping into the Ordinals Discord a month ago felt like a glimpse into the Ethereum NFT ecosystem in 2017. That’s the type of energy and excitement we love in Yuga.”
Yuga Labs co-founder Greg Solano said of the upcoming auction: “These choices are deviations from what is expected.” Company’s.
The auction will begin in early March, and anyone wishing to obtain a limited-edition digital artwork from the collection must run a self-managed Bitcoin wallet and have an empty Bitcoin address. . All bids are made in Bitcoin.
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Basil is an avid fan of blockchain technology and all its innovations, and is passionate about sharing this story with his audience. He has spent over five years in the crypto space, specializing in research and creating his Web3 content for various media outlets around the world.