- Yuga Labs has released their first Bitcoin Ordinals NFT collection, TwelveFold, which consists of 300 generative art pieces.
- The pieces explore the relationship between time, mathematics, and variability and are inscribed onto satoshis on the Bitcoin blockchain.
- Ordinals have made it possible to add images to Bitcoin transactions and have contributed to more than 200,000 inscriptions.
Yuga Labs Introduces First Bitcoin Ordinals NFT Collection
Yuga Labs has released a new 300-piece generative art collection titled “TwelveFold” that will live on the Bitcoin blockchain. The pieces explore the relationship between time, mathematics, and variability in an homage to ordinal inscriptions currently done by hand. This marks Yuga Labs’ entry into the Bitcoin marketplace and could potentially indicate a new perception of Ordinals as a platform for top-level NFT creation.
What is TwelveFold?
TwelveFold is a base 12 art system localized around a 12×12 grid. It includes highly-rendered 3D elements as well as hand-drawn features that serve as an homage to the ordinal inscriptions currently done by hand. This experimental collection aims to illustrate data cartography on the Bitcoin blockchain.
Popularity of Yuga Labs’ Projects
A March 2022 seed round at the height of the NFT craze placed the value of Yuga Labs at $4 billion due to its flagship projects’ immense popularity. The company has quickly ascended to become one of leaders in the NFT market and is now looking towards bringing content such as images, videos, and HTML into bitcoin transactions through Ordinals.
Inscriptions on Bitcoin Blockchain
Ordinals bring content from third parties or centralized databases into immutable decentralized realm of bitcoin transactions – making it possible for users to add images assigned to individual satoshis. In only three weeks since its introduction over 100 000 collectibles were inscribed onto full nodes – now this number stands at more than 200 000 – proving how popular this feature is becoming among users.