The company behind the NFT collection Bored Ape Yacht Club, Yuga Labs, announced the release of the TwelveFold NFT series on the Bitcoin blockchain.
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Introducing TwelveFold. A limited edition collection of 300 generative pieces, inscribed on satoshis on the Bitcoin blockchain.https://t.co/aFWEIhzqcI pic.twitter.com/PjWABKKBr4
— Yuga Labs (@yugalabs) February 27, 2023
The company\’s first collection outside Ethereum consists of 300 digital artifacts.
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«The generated images were created by Yuga Labs\’ in-house artistic team using 3D modelling tools, algorithmic construction, and high-quality rendering», the company explained.
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Creating this new type of NFT on the Bitcoin network became possible thanks to the Ordinals protocol. It uses satoshi numbering to place content, embedding data in the signature.
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«Satoshis are the smallest individually identifiable unit of Bitcoin — 100 million make up one BTC», the team reminded.
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For this reason, Yuga Labs warned users that to participate in the auction it is preferable to have a non-custodial wallet and a \”clean\” Bitcoin address. This is due to the risk of accidentally sending the NFT along with other assets in a standard transaction.
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«Wallets currently do not support transactions of individual satoshis. You are responsible for the safe storage and transfer of your signature», the Yuga Labs team stressed.
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According to the statement, the collection\’s auction will take place \”this week\”. Bids will be accepted exclusively in Bitcoin.
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As Bitcoin NFT numbers surged after appearing in late January 2023, the count surpassed 100,000. As of writing, the figure had already surpassed the 200,000 mark.
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Developers Litecoin created an analogue of the Ordinals protocol, which allowed issuing digital artifacts on the blockchain in a manner similar to the network of the first cryptocurrency.