Yuga Labs, the $4 billion business after prevailing NFT group Bored Ape Yacht Club, will debut its first-ever Bitcoin-based NFT project subsequently this week, the company notified Monday.
The collection, TwelveFold, will comprise 300 limited-edition generative art pieces individually inscribed to the Bitcoin blockchain. It’s one of the highest-profile launches to date via Ordinals, a recently-launched way of engaging artwork and media to Bitcoin by eternally attaching each to an individual Satoshi or 1/100,000,000 of a full Bitcoin (BTC).
The pieces, all 12×12 grids—an hymn to how information is stored on the Bitcoin blockchain—will integrate 3D graphics and hand-drawn features. The undertaking was devised and developed by Yuga’s in-house art team, and the firm said that it has no link to its Ethereum-based IP and will have no future interactions or utility in that regard.
TwelveFold marks a departure from Yuga’s past offerings in a few key ways. Most notably, every other project underneath the Yuga banner currently lives on the Ethereum blockchain, the ultimate network for NFT projects.
That list encloses the Bored Ape Yacht Club (BAYC), spinoff Mutant Ape Yacht Club (MAYC), and virtual land plots for the upcoming Otherside metaverse game. Yuga Labs also owns CryptoPunks and Meebits, two “blue chip” Ethereum NFT projects created by Larva Labs that Yuga purchased the IP rights to last year.
