Yuga Labs, the creator of the highly successful Bored Ape Yacht Club NFT project, is once again making waves in the NFT world with its latest offering: TwelveFold. This limited edition collection of 300 generative art pieces inscribed on Satoshis on the Bitcoin blockchain marks Yuga’s first foray into Bitcoin-based collectibles. The auction finished minutes ago with the winning bid at 7.1159 Bitcoin equalling approximately $160,000.
What are Ordinals?
Yuga Labs, the creator of the highly successful Bored Ape Yacht Club NFT project, is once again making waves in the NFT world with its latest offering: TwelveFold. This limited edition collection of 300 generative art pieces inscribed on Satoshis on the Bitcoin blockchain marks Yuga’s first foray into Bitcoin-based collectibles. The auction finished minutes ago with the winning bid at 7.1159 Bitcoin equalling approximately $160,000.
The TwelveFold Collection
The TwelveFold collection represents a departure from Yuga’s previous Ethereum-based projects. The base 12 art system is localized around a 12×12 grid, serving as an allegory for the cartography of data on the Bitcoin blockchain. The highly-rendered 3D elements and hand-drawn features pay homage to the ordinal inscriptions currently done by hand.
The Auction
The auction for the TwelveFold collection began on March 1st, with a winning bid of 7.1159 Bitcoin (approx. 160k USD) and a lowest accepted bid of 2.25 (approx. 50k USD) bitcoin. The top 288 bids won an inscription, with a leaderboard that displayed current bid placings throughout the auction.
The Future of Ordinals
Ordinals have taken the digital collectible world by storm, with more than 200,000 unique Ordinals already minted. We think that Ordinals represent an exciting evolution in the collectible ecosystem. They offer a new and innovative way for collectors and fans of NFTs to participate in the latest innovation in the world of digital collectibles.
