• Yuga Labs announced the launch of their Twelvefold collection, which is a limited edition Ordinal inscription NFT series.
• The TwelveFold series consists of 300 generative pieces inscribed on Satoshis on the Bitcoin blockchain and will be released later this week.
• Ordinals are non-fungible tokens that can be inscribed onto one Satoshi, the smallest denomination of a Bitcoin, and remain permanently on the blockchain.
Yuga Labs Launches Ordinal Inscription NFT Collection Twelvefold
Yuga Labs has announced the launch of their latest contribution to nonfungible token technology – Twelvefold. This limited edition collection consists of 300 generative pieces inscribed on Satoshis on the Bitcoin blockchain. With this release, Yuga hopes to capitalize on the increasing popularity of ordinals – a type of non-fungible token (NFT) that can be inscribed onto one Satoshi, the smallest denomination of a Bitcoin, and remain permanently stored on its blockchain.
What Are Ordinals?
Ordinals are digital artifacts rather than traditional NFTs. They were made possible by Bitcoin’s Taproot upgrade in November 2021 which introduced programmability and smart contracts capabilities to its network. Since then, they have grown in popularity due to their ability to provide permanent storage for data or artwork within a highly secure environment.
TwelveFold Series Overview
The TwelveFold auction will launch later this week with a 24-hour notice period providing exact timing details. The announcement described it as “a base 12 art system localized around a 12×12 grid”, intended as an allegory for cartography of data stored on the Bitcoin blockchain. Furthermore, all assets included within this collection are said to be unique representations that cannot be replicated or destroyed by any other third party.
Yuga Optimistic About Future Of Ordinals
Yuga is optimistic about ordinals and their potential impact in revolutionizing how we store digital assets securely and permanently within decentralized environments such as those provided by blockchains like Bitcoin. As mentioned previously, since their introduction they have become increasingly popular among crypto users who are looking for creative ways to store valuable data or artwork without having to worry about them being stolen or destroyed by malicious actors online.
Conclusion
With Yuga’s latest contribution – Twelvefold – they hope to capitalize even further upon this growing trend while also introducing more people into discovering all that ordinals have to offer through their highly secure environment and permanent storage capabilities within distributed ledger technology networks like Bitcoin’s Blockchain protocol used today by millions globally every day