Yuga Labs offers bitcoin prizes to solve ordinal puzzles

Yuga Labs dropped its first bitcoin ordinal collection, Twelvefold, in February, and the puzzles are based on that collection

article-image

mundissima/Shutterstock modified by Blockworks

share

Yuga Labs, the studio behind the Bored Ape Yacht Club, is trying to generate interest in bitcoin ordinals once again. 

The NFT creator announced Tuesday a 13-week cipher puzzle series based on its TwelveFold bitcoin NFT collection. Twelvefold is a 300-piece generative art collection that uses a 12×12 grid and was released back in February.

For the first 12 weeks, a Moon Puzzle will be released once every week. The prize for correctly solving one of them is 0.12 BTC (a little over $3,000). 

Read more: Yuga Labs debuts first NFT collection on bitcoin

On the thirteenth week, the last puzzle will be dropped, and the fastest to solve it will be awarded with a yet unspecified Twelvefold ordinal.

All answer submissions will be inscribed on satoshis, Bitcoin’s smallest unit of account, for a fee of $4 to $8 depending on network traffic, according to Yuga Labs. Additionally, users will need a bitcoin ordinals wallet to participate.

“There can only be 1 winner per puzzle. If two people submit the right answer in the same Bitcoin block, we’ll accept the answer with the lower inscription number. Winners will be notified by email,” Yuga Labs explained in a thread on X, formerly Twitter.

Loading Tweet..

The first puzzle has already been solved, according to the website. It featured six images of what were seemingly Twelvefold ordinals with the clue: “Having two together during hibernation can make all the difference.” 

One user apparently solved it, saying the answer was “Jigsaw.”

This person deduced the supposed answer by first noticing that each of the six images merged two ordinals, with one being much blurrier than the other. So they subtracted the edition numbers of each ordinal to find the difference, a concept which was alluded to in the hint. 

Loading Tweet..

The numbers this user got, when matched up with the letters of the alphabet, spelled “Jigsaw.” 

Blockworks reached out to Yuga Labs to ask if “Jigsaw” was indeed the answer to the first puzzle but didn’t receive an immediate response. 


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Report Neutrl Cover.png

Research

Neutrl is a synthetic dollar protocol designed to monetize structural inefficiencies in crypto markets, with a particular focus on hedged OTC token arbitrage. By pairing discounted locked-token purchases with delta-neutral hedging, the protocol offers yields that are less dependent on funding rate cycles than traditional cash and carry strategies. Early traction has been strong, with TVL growing from $120M to $210M following the removal of deposit caps, while sNUSD currently yields materially more than competing yield-bearing stablecoins. The key question for Neutrl is scalability: whether access to high-quality OTC deal flow and disciplined liquidity management can support continued TVL growth without compressing returns.

article-image

Some systems improve by failing — and crypto has no choice

article-image

Yield Basis introduces an IL-free AMM design that already dominates BTC DEX liquidity

article-image

Maybe tokenholders don’t need the rights that corporate shareholders have come to expect

article-image

As Hyperliquid and Lighter battle for perps DEX dominance, Boros could capture the structural upside

article-image

Investors are often right about the future, but wrong about the returns

article-image

A look back at 2025, reflections on our industry, and what it means for Blockworks in 2026