Yuga Labs to Launch Art Collection on Bitcoin

The studio behind Bored Ape Yacht Club wants to take advantage of the Bitcoin Ordinals frenzy.

Key Takeaways

  • Yuga Labs is launching a new collection on Bitcoin.
  • The 300-piece generative art collection, named Twelvehold, will leverage Bitcoin’s Ordinal protocol to turn individual satoshis into de-facto non-fungible tokens.
  • Twelvefold is set to launch this week.

Ordinals hype is spreading—and NFT giant Yuga Labs wants in on the action. The studio is now looking to launch a generative art collection on Bitcoin.

A Departure From What’s Expected

Yuga Labs is expanding to Bitcoin.

The studio behind the famous Bored Are Yacht Club NFT collection announced yesterday in a blog post that it would be launching a new NFT collection on the Bitcoin blockchain.

Entitled Twelvefold, the project was described as a 300-piece experimental generative art collection. Yuga Labs indicated that it would leverage Bitcoin’s Ordinal protocol in order to inscribe the art onto individual satoshis—making each and every one of them unique. A satoshi is the lowest denomination of one bitcoin; there are 100 million satoshis per bitcoin.

Yuga Labs stated that the generative art collection would explore “the relationship between time, mathematics, and variability” inherent to satoshis. It further explained that Twelvefold’s design would serve as a visual allegory for Bitcoin’s data cartography, with highly-rendered 3D elements mixing in with hand-drawn features.

“All of these choices are a departure from what’s expected from Yuga,” wrote Yuga Labs co-founder Greg Solano. “But, you know. Fuck doing expected things.”

The studio stated on Twitter that it would auction off the collection before the end of the week, and that a notice—with auction details and exact timing—would be given 24 hours in advance.

Yuga Labs is the most successful company in the NFT world. The studio is responsible for the creation of such collections as Bored Ape Yacht Club, Mutant Ape Yacht Club, and Otherdeeds from Otherside; it also acquired CryptoPunks and Meebits from rival studio Larva Labs in March last year.

Disclaimer: At the time of writing, the author of this piece owned BTC, ETH, and several other crypto assets.

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Bored Ape Yacht Club’s Yuga Labs Has Acquired CryptoPunks

News

After much speculation across the NFT community, Yuga Labs has confirmed that it has acquired CryptoPunks and Meebits collections from Larva Labs. Yuga Labs Buys CryptoPunks Yuga Labs, the creators…

Bored Ape Yacht Club’s Yuga Labs Has Acquired CryptoPunks

Why the SEC Is After Yuga Labs and What It Means for NFTs

In what will be seen as a major escalation in its crypto enforcement agenda, the Securities and Exchange Commission is said to be investigating Yuga Labs, the creators and distributors…

Why the SEC Is After Yuga Labs and What It Means for NFTs

Opinion: WSJ Says the NFT Market Is Dying. It’s Wrong

Data compiled by The Wall Street Journal suggests that the NFT market is in decline. However, active participants in the NFT market know that this couldn’t be further from the…

Opinion: WSJ Says the NFT Market Is Dying. It’s Wrong

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *