{"id":17139,"date":"2023-02-28T05:33:13","date_gmt":"2023-02-28T05:33:13","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/breaking-yuga-labs-is-dropping-a-bitcoin-ordinals-nft-collection\/"},"modified":"2023-02-28T05:33:14","modified_gmt":"2023-02-28T05:33:14","slug":"breaking-yuga-labs-is-dropping-a-bitcoin-ordinals-nft-collection","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/breaking-yuga-labs-is-dropping-a-bitcoin-ordinals-nft-collection\/","title":{"rendered":"BREAKING: Yuga Labs Is Dropping a Bitcoin Ordinals NFT Collection"},"content":{"rendered":"<div>\n<h2 id=\"h-the-alpha\">The Alpha:<\/h2>\n<ul>\n<li>Yuga Labs has announced a new generative art project that will release later this week (February 26 \u2013 March 4).<\/li>\n<li>The 300-piece NFT collection, entitled \u201cTwelveFold,\u201d will be minted on the Bitcoin blockchain as Ordinals Inscriptions.<\/li>\n<li>Details surrounding the collection, which will be released in an auction format, will be announced 24 hours before the drop via Yuga Labs\u2019 social media.<\/li>\n<\/ul>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\">\n<h2>Dive deeper:<\/h2>\n<p>The allure of Ordinals Inscriptions, the latest craze to take the NFT space by storm, has become undeniable. As both new and established creators venture into the budding market sector (sidestepping concerns from crypto maximalists that Bitcoin NFTs are causing strain to the world\u2019s oldest blockchain), prominent Web3 power player Yuga Labs has now announced plans to do the same.<\/p>\n<p>On February 27, Yuga Labs, the creators of the wildly popular Bored Ape Yacht Club, announced a new experimental NFT collection called \u201cTwelveFold.\u201d The forthcoming project, which was <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/yugalabs\/status\/1628922755453227008\" target=\"_blank\">teased briefly<\/a> by way of Twitter, will be significantly limited compared to the greater Yuga ecosystem and feature a maximum of 300 pieces. Further, it\u2019s important to note that the collection will not interact with or be related to any previous, ongoing, or future Ethereum-based Yuga projects.<\/p>\n<p>Unlike past Yuga ventures, the pieces that make up the TwelveFold collection were crafted in-house by Yuga Labs\u2019 art team using 3D modeling, algorithmic construction, and high-end rendering tools. According to Yuga, these rendering techniques output high-fidelity results, which typically require large amounts of data to store and can be costly for creators. Though the use of Ordinals Inscriptions though, Yuga has seemingly bypassed these storage and financial constraints.<\/p>\n<p>Yuga describes TwelveFold as a \u201cbase 12 art system localized around a 12\u00d712 grid.\u201d Billed as a visual allegory for the cartography of data on the Bitcoin blockchain, the collection will include highly-rendered 3D elements in addition to hand-drawn features, which serve as an homage to existing Ordinal Inscriptions, the majority of which are currently done by hand.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><figcaption>Yuga Labs<\/figcaption><\/figure>\n<\/div>\n<h2>What\u2019s next?<\/h2>\n<p>Potentially due to the high-profile nature of this drop and the limited number of pieces available, TwelveFold will be released in an auction-style format, with all bids to be made in Bitcoin. To participate, bidders will need a self-custodial wallet containing Bitcoin and an empty Bitcoin address to receive a piece if a bid is won. <\/p>\n<p>Exact details surrounding the timing of the auction will be announced 24 hours before the drop through <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/yugalabs\" target=\"_blank\">Yuga Labs\u2019 social media<\/a> accounts and the official Yuga Labs news blog. For more information about the project, users can visit the TwelveFold website. And for more information about Ordinals Inscriptions, Yuga recommends that users familiarize themselves with this guide to prepare to participate in the auction.<\/p>\n<h2>But wait! There\u2019s more:<\/h2>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Alpha: Yuga Labs has announced a new generative art project that will release later this week (February 26 \u2013 March 4). The 300-piece NFT collection, entitled \u201cTwelveFold,\u201d will be minted on the Bitcoin blockchain as Ordinals Inscriptions. Details surrounding the collection, which will be released in an auction format, will be announced 24 hours [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-17139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BREAKING: Yuga Labs Is Dropping a Bitcoin Ordinals NFT Collection | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/nft\/breaking-yuga-labs-is-dropping-a-bitcoin-ordinals-nft-collection\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BREAKING: Yuga Labs Is Dropping a Bitcoin Ordinals NFT Collection | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"The Alpha: Yuga Labs has announced a new generative art project that will release later this week (February 26 \u2013 March 4). The 300-piece NFT collection, entitled \u201cTwelveFold,\u201d will be minted on the Bitcoin blockchain as Ordinals Inscriptions. Details surrounding the collection, which will be released in an auction format, will be announced 24 hours [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nftandcrypto-news.com\/nft\/breaking-yuga-labs-is-dropping-a-bitcoin-ordinals-nft-collection\/\" \/>\n<meta property=\"og:site_name\" content=\"NFT &amp; Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-28T05:33:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-28T05:33:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/02\/An-example-of-a-Yuga-Labs-TwelveFold-Ordinal-NFT.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"999\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nftandcrypto-news.com\/nft\/breaking-yuga-labs-is-dropping-a-bitcoin-ordinals-nft-collection\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/nft\/breaking-yuga-labs-is-dropping-a-bitcoin-ordinals-nft-collection\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\"},\"headline\":\"BREAKING: Yuga Labs Is Dropping a Bitcoin Ordinals NFT Collection\",\"datePublished\":\"2023-02-28T05:33:13+00:00\",\"dateModified\":\"2023-02-28T05:33:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/nft\/breaking-yuga-labs-is-dropping-a-bitcoin-ordinals-nft-collection\/\"},\"wordCount\":460,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/nft\/breaking-yuga-labs-is-dropping-a-bitcoin-ordinals-nft-collection\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/02\/An-example-of-a-Yuga-Labs-TwelveFold-Ordinal-NFT.jpg\",\"articleSection\":[\"NFT\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nftandcrypto-news.com\/nft\/breaking-yuga-labs-is-dropping-a-bitcoin-ordinals-nft-collection\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nftandcrypto-news.com\/nft\/breaking-yuga-labs-is-dropping-a-bitcoin-ordinals-nft-collection\/\",\"url\":\"https:\/\/nftandcrypto-news.com\/nft\/breaking-yuga-labs-is-dropping-a-bitcoin-ordinals-nft-collection\/\",\"name\":\"BREAKING: Yuga Labs Is Dropping a Bitcoin Ordinals NFT Collection | NFT &amp; 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