Yuga Labs, the parent company of Bored Ape Yacht Club, has announced its plans to release its first-ever NFT collection.
Minted on the Bitcoin (BTC)-based Ordinals protocol; the collection, created by Yuga Labs' in-house art team, will include 3D elements alongside hand-drawn features across 300 generative art NFTs.
Mimicking data stored on the BTC blockchain, the designs placed on a 12×12 grid act as a “visual allegory for the cartography of data on the BTC blockchain”.
Unlike Yuga’s past offerings where many projects under its banner lie on the Ethereum blockchain, the company said that Twelvefold has no connection to its Ethereum-based IP and does not come with future interactions or extended utility.
“All of these choices are a departure from what’s expected from Yuga. But, you know. F**k doing expected things.
“We’re excited about Ordinal inscriptions and what the future holds for digital artifacts on Bitcoin”, said Yuga Labs co-founder Greg Solano, in a blog post.
The new collection is open to auction later this week, with details set to be announced 24 hours in advance of the sale.