Yuga Labs Debuts First NFT Collection on Bitcoin

“F**k doing expected things,” Yuga Labs said of its debut of a generative art collection based on the Bitcoin blockchain

article-image

Source: twelvefold.io

share

Parent company of the popular Bored Apes NFTs, Yuga Labs, has announced an experimental 300-piece generative art collection called TwelveFold, housed on the Bitcoin blockchain.

TwelveFold is a mathematically-based art system that utilizes a 12×12 grid to represent data and comes amid the company’s debut launch on the Bitcoin blockchain.

The collection will be inscribed onto satoshis and will feature 3D and hand-drawn elements that pay tribute to the current practice of creating ordinal inscriptions by hand, according to a company blog post on Monday.

The use of a base 12 system explores the relationship between time, mathematics, and variability in what Yuga Labs describes as “a visual allegory for the cartography of data.”

Each satoshi within the collection can be located by tracking when it was minted via the Ordinal Theory protocol — which continues to gain attention following its release to the Bitcoin mainnet last month.

Yuga Labs said its decision to pursue both the type of collection as well as its release on Bitcoin marked a departure from what’s expected from the company. 

“But, you know. F**k doing expected things,” the company wrote in its post. “Stepping into the Ordinals Discord a month ago felt like getting a glimpse of the 2017-era Ethereum NFT ecosystem.”

It comes as a team from Dubai launched 10,000 BTC BAYC NFTs featuring monkeys with Satoshi masks on Ordinals, earlier this month. The move raises potential copyright issues as they are not affiliated with Yuga Labs’ assets based on the Ethereum blockchain. 

While the infrastructure and tooling around inscriptions on Bitcoin are still nascent, the foundational principles of provenance, self-custody and ownership are present, Yuga Labs said.

The company expects the technology and ecosystem around inscriptions to evolve and become more sophisticated over time leading to further experimentation and releases down the road.

Further details about timing and auction mechanics are expected to be announced in the coming weeks, Yuga Labs said.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Screenshot 2024-05-23 091855.png

Research

Bitcoin L2s aim to boost scalability while preserving decentralization and security, unlocking a better user experience, and new avenues for Bitcoin-powered innovations. However, no existing Bitcoin L2 leverages the full security of Bitcoin.

article-image

Sponsored

The convergence of AI and blockchain on Polkadot represents a groundbreaking opportunity for investors and developers alike

article-image

The company is making public a previously private offer rejected by Bitfarms’ board of directors last month

article-image

Semler Scientific, a publicly traded medical tech company, joined MicroStrategy by buying up millions of bitcoin

article-image

As someone who’s been knee-deep in the trenches of blockchain development, I can’t help but wonder if these behemoths are really cutting it anymore

article-image

UNI and MKR are suffering from the successes of their respective protocols

article-image

Maybe there’s no silver bullet to avoiding most tokens dumping after launch…