Benzinga - Bored Ape Yacht Club (BAYC) creator Yuga Labs said on Monday that it is creating an NFT collection that will be minted on the Bitcoin (CRYPTO: BTC) based Ordinals protocol.
What Happened: Yuga Labs in a tweet said that the collection is called ‘TwelveFold’. A limited edition collection of 300 generative pieces, inscribed on satoshis (smallest unit of BTC) on the Bitcoin blockchain.
Introducing TwelveFold. A limited edition collection of 300 generative pieces, inscribed on satoshis on the Bitcoin blockchain.https://t.co/aFWEIhzqcI pic.twitter.com/PjWABKKBr4The collection will feature generative art NFTs placed on a 12x12 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.— Yuga Labs (@yugalabs) February 27, 2023
See More: Top Indian Apps That Give Bitcoin, NFT Rewards
Yuga Labs said that this new collection does not extend utility or any affiliation to its current Ethereum (CRYPTO: ETH) based collections.
"We understand that all of these choices may come as a surprise. But, at the end of the day, sometimes you just have to break the mold and f**k doing expected thing," said Greg Solano, co-founder of Yuga Labs, in a blog post.
Price Action: At the time of writing, BTC was trading at $23,407, up 0.02% in the last 24 hours, according to Benzinga Pro.
Read More: Bitcoin, Ethereum, Dogecoin Rise: Analyst Warns 'Ugly' Bond Market Selloff Could Pull Apex Crypto Down To $21.5K
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.