2 years ago
Yuga Labs volition merchandise a bid of creator cryptocollectibles connected Bitcoin’s Ordinals protocol, according to an announcement from the institution connected Feb. 27.
The postulation is titled TwelveFold and volition diagnostic 300 pieces of generative creation — that is, images that person been created done the usage of algorithms.
Each representation successful the TwelveFold postulation is designed astir a 12-by-12 grid successful notation to the commonly utilized base-12 timekeeping strategy — and successful notation to the information that Bitcoin Ordinals are identified by the clip that they are minted.
Yuga Labs did not denote a circumstantial clip oregon day for the auction. Instead, it said that it volition denote the auction wrong 24 hours of the event.
Yuga Labs is champion known for its Bored Ape Yacht Club (BAYC) postulation of non-fungible tokens (NFTs), which are minted connected Ethereum. The institution distanced TwelveFold from BAYC by calling the caller postulation a “departure from what’s expected” and by stating that the items volition not person immoderate usage with different Yuga Labs projects.
The postulation is notable arsenic 1 of the archetypal Ordinals collections, arriving conscionable weeks aft Casey Rodarmor launched Bitcoin Ordinals connected Jan. 21. Ordinals are akin to NFTs successful that they incorporate media. However, Ordinals are minted connected Bitcoin alternatively of Ethereum and related networks, and they store each information on-chain alternatively of successful a linked file.
According to information from Dune Analytics, much than 202,800 Ordinals person been minted connected the Bitcoin blockchain arsenic of Feb. 27.
The station Bored Ape creators unveil Bitcoin Ordinals postulation “TwelveFold” appeared archetypal connected CryptoSlate.
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