Yuga Labs is launching the Ordinal Inscription NFT Collection Twelvefold

Yuga Labs is launching the Ordinal Inscription NFT Collection Twelvefold
On February 28th, Yuga Labs announced twelvefold, his latest contribution to the world of non -fungible tokens.
Riding on the back of the ordinal inscription craze, the company unveiled a limited edition of 300 generative pieces that are inscribed on Satoshis in the Bitcoin blockchain.
The announcement described the collection nomenclature as follows:
"Twelvefold is a basic 12 future system that is located by a 12 × 12 grid, a visual allegory for the cartography of data on the Bitcoin blockchain."
Yuga stated that the TWELVEFOLD auction will "start later this week", with a 24-hour notice period that specifies the exact time.
introduction of twelvefold. A collection in a limited edition of 300 generative pieces, inscribed on Satoshis in the Bitcoin-Blockchain.https: //t.co/afweihzqci pic.twitter.com/pjwabkkkbr4
- Yuga Labs (@Yugalabs) 27. February 2023
Yuga Labs optimistic about order numbers
Ordinary numbers are NFTS that can be "enrolled" in a Satoshi, the smallest piece of Bitcoin and remain permanently in the blockchain. The official documentation describes the individual assets as "digital artifacts" and not as NFTS.
They were made possible by Bitcoin's taproot upgrade in November 2021, which brought programming and intelligent contract functions into the network.
According to Dune Analytics, you have conquered the crypto world this year with more than 200,000 enrolled cryptos in the storm.
The twelvefold collection includes highly rendered 3D elements and hand-drawn features. These serve as "homage to the currently hand -performed ordinal inscriptions," it said.
The company was optimistic about the future of ordinals and that it was not just another crypto madness.
"We assume that this technology and the surrounding ecosystem will develop over time and become more sophisticated, but we do not expect to develop in the same way as other blockchain nft ecosystems."
Bitcoin Building and Smart Contract platforms such as stacks (StX) rose sharply last month due to the ordinal hype.
outlook on the NFT ecosystem
NFT sales must follow the crypto-asset markets for relaxation. According to the Nonfungible.com market tracker, they are still well below the previous year's value than there were more than 60,000 sales a day.
At the moment, the daily sales number is only 7,400. Expressed in dollars, the daily volume has decreased by about 66 % compared to the same time last year, apart from a few tips when new collections are launched.
Cryptoslam reports that the most popular NFT collection of last week BayC remains with $ 26 million in secondary sales.
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