As the countdown to the TwelveFold auction continues, excitement is mounting in the cryptocurrency world. Yuga Labs, a heavyweight in the NFT market, announced its latest collection, which utilizes Bitcoin NFTs inscribed onto satoshis on the blockchain.
Compared to Yuga Labs’ previous Ethereum NFT collections, Bored Ape Yacht Club and CryptoPunks, the TwelveFold collection marks the company’s first foray into Bitcoin NFTs. With 300 NFTs, 288 of which will be available for sale, this collection has generated buzz and anticipation among collectors and investors alike.
The NFTs were created using 3D modeling technology and other techniques, making them unique and highly sought after. To add to the excitement, the TwelveFold auction will not have a predetermined bid price or guideline. Instead, the auction will allow for bids to be submitted within 24 hours of its commencement, with the final outcome will be determined by the last completed Bitcoin block before 3 p.m. PT on March 6.
It’s worth noting that any bids included in the subsequent block will not be considered, regardless of their submission before the deadline, as they were not verified. This adds an element of suspense to the auction and highlights the significance of the final completed Bitcoin block before the deadline.
Creating Bitcoin NFTs is made possible through the Ordinal Theory protocol. These NFTs, also known as “ordinals,” are gaining in popularity among collectors and investors looking for unique digital artifacts with high value. Yuga Labs’ decision to venture into Bitcoin NFTs with TwelveFold is expected to shake up the market and attract new investors and collectors.
With the growing popularity of NFTs, it’s no surprise that Yuga Labs is expanding its offerings beyond Ethereum NFTs. The TwelveFold collection is set to make waves and usher in a new era of excitement and innovation in the NFT market.
