Yuga Labs is a technology company focused on developing and implementing blockchain solutions for various industries. The company is best known for creating the popular non-fungible token (NFT) project, Bored Ape Yacht Club (BAYC). BAYC is a collection of 10,000 unique digital ape NFTs that have become very popular in the NFT space.
Yuga Labs is headquartered in New York City and was founded in 2020 by a team of experienced blockchain developers and enthusiasts. The company’s mission is to create innovative blockchain-based solutions that can help revolutionize industries and create new opportunities for businesses and individuals.
In addition to BAYC, Yuga Labs has also launched several other NFT projects, including the Mutant Ape Yacht Club (MAYC) and the Stoner Cats NFT series. The company has also worked with other brands and businesses to create customized NFT projects and blockchain solutions.
Yuga Labs has quickly become one of the leading companies in the NFT space, and its projects have garnered a lot of attention and value from collectors and investors.
After the success of the apes NFT with the skill mint game Dookey dash. Yoga labs are now into the plans of producing an NFT based on Bitcoin’s blockchain which are generally called as Ordinals or Bitcoin ordinals.
This NFT has been named as Twelvefold by Yuga labs which has a limited edition collection of around 300 pieces.
Yuga labs stated that this NFT “represents a complete art project and will not have other utility or interact with or be related to any previous, ongoing, or future Ethereum – based Yuga projects.”
The team of Yuga labs used 3D modeling, algorithmic construction, and high-end rendering tools to create this art based Blockchain Ordinal.
The auction will start later this week and the interested people will be informed 24 hours prior to the auction.
There will be only bitcoins used for the vidding and to use the NFT, it will require an empty Bitcoin address.
Ordinals affecting Bitcoin
It seemed to be a sudden surge in the activities in the Bitcoin’s blackchain last week due to the ordinal’s influence and this surge is not expected to maintain a peak for long as the potential of these ordinals arw not sure.
Now Yuga lab’s these collections of Twelvefold NFT is also expected to gain a lot of attraction contributing to the Blockchain network of Bitcoin.