One of the largest non-fungible token (NFT) companies is hopping on the Bitcoin NFT wave with the release of a new collection
Yuga Labs said Monday that it’s planning to release an NFT collection minted on the Bitcoin-based Ordinals protocol, which has steadily grown in popularity since its launch last month.
Called TwelveFold, the collection will feature 300 generative art NFTs created by Yuga Labs placed on a 12×12 grid, which serves as “a visual allegory for the cartography of data on the Bitcoin blockchain.” It will include 3D elements as well as hand-drawn features, Yuga Labs said.
While Yuga Labs’ empire is built upon the success of its blue-chip Bored Ape Yacht Club collection, which recently expanded its ecosystem through its skill-based mint Dookey Dash, the company specified that its new collection does not come with extended utility or has any affiliation to its current Ethereum-based collections.
“All of these choices are a departure from what’s expected from Yuga,” said Greg Solano, co-founder of Yuga Labs in a blog post. “But, you know. F**k doing expected things.”
Yuga Labs plans to open its auction for TwelveFold Later this week, encouraging its Ethereum-savvy audience to open Bitcoin wallets ahead of the mint.
