Warning! You’re Missing Out on Yuga Labs’ Latest Inscription NFT Collection!

Key Points:

• Yuga Labs has announced the launch of its latest offering, TwelveFold, a limited edition collection of 300 generative pieces inscribed on Satoshis on the Bitcoin blockchain.
• The individual assets are referred to as “digital artifacts” rather than NFTs in the official documentation.
• Ordinals are digital artifacts that can be engraved onto a single Satoshi, which is the smallest denomination of Bitcoin.

Yuga Labs made an announcement on February 28 about its latest contribution to the world of non-fungible tokens (NFTs). The company has unveiled a limited edition collection of 300 generative pieces inscribed on Satoshis on the Bitcoin blockchain called “TwelveFold”. This announcement follows the trend of the Ordinal inscription craze.

Riding on the success of the Ordinal inscription craze, TwelveFold is a base 12 art system localized around a 12×12 grid. Each piece serves as a visual allegory for the cartography of data on the Bitcoin blockchain. The auction is set to launch later this week, with a 24-hour notice period providing exact timing.

Ordinals are digital artifacts that can be engraved onto a single Satoshi, which is the smallest denomination of Bitcoin. Once inscribed, they remain permanently on the blockchain. This was made possible by Bitcoin’s Taproot upgrade in November 2021, which added programmability and smart contract capabilities to the network.

According to Dune Analytics, over 200,000 Ordinals have been inscribed, making them a popular choice in the cryptocurrency world this year. The Twelvefold collection of Ordinals features highly-detailed 3D elements and hand-drawn features that pay homage to the manual inscriptions that inspired their creation.

Although Ordinals have gained a lot of attention recently, the creators of the technology believe that it is not just another crypto fad. They are optimistic about the future of Ordinals and expect the technology and ecosystem surrounding it to continue to evolve and become more sophisticated over time. However, they do not expect it to develop in the same way as other blockchain NFT ecosystems.

Ordinals have had a significant impact on the cryptocurrency market in recent months, with platforms like Stacks (STX) experiencing surges in popularity as a result of the Ordinals hype.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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