时代实验室宣布新的非功能性测试收集ion; To Go Live On the Bitcoin BlockchainGreg Solana, co-founder, Yuga Labs, shared the news through an official blog posting titled "Introducing Twelvefold."

通过Paromita Gupta

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Yuga Labs

On Tuesday, Yuga Labs, one of the largest non-fungible token players and the brand behind Bored Ape Yacht Club, announced that it was launching an original and experimental NFT collection comprising of 300 generative art pieces on the Bitcoin Blockchain.

Greg Solana, co-founder, Yuga Labs, shared the news through an official blog posting titled "Introducing Twelvefold." The collection pieces will be inscribed onto satoshis, the smallest identifiable Bitcoin units and will be minted using the Ordinal Theory protocol. The ordinal NFT collection is said to be inspired by the relationship between time, mathematics and variability.

Twelvefold is a base 12 system which will be hosted on a 12x12 grid, making it "a visual allegory for the cartography of data on the Bitcoin blockchain.

Developed by Casey Rodarmor, Ordinal protocol powers inscriptions and gives individual satoshis an identity to help them be tracked and transferred. Each satoshi is assigned a sequential number and later inscribed with data in the form of pictures, texts or videos and hosts one's artwork on a chain.

"In effect, this enables satoshis to operate as if they are non-fungible, essentially enabling the concept of NFTs on the Bitcoin blockchain," the blog also read.

Yuga Labs will be announcing the timing and auction details for the collection in the coming week.

Wavy Line
Paromita Gupta

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com.

相关的话题

News and Trends

Google Invites Applications For Eighth Batch Of Startups Accelerator Programme

Applications are open until August 22, and eligible startups should have AI as a core solution or product, including generative AI

Business Ideas

The Top 10 Home Business Ideas for 2023

Can't figure out which enterprise you should launch in 2023? Check out 10 stellar home business ideas to get inspiration.

Business Culture

I Started My Business In My Mom's Basement at the Age of 17. Here are 5 Rules I Wish I Had Known, But Had to Learn the Hard Way

There is no easy way to break this to you, but you are the least important person in your business!

Thought Leaders

I Pitched 300 People a Day For 1 Year — and Learned This Impactful Entrepreneurial Lesson

After working myself to the bone pitching 300 people each day for one year, I came out of that experience as a new man — but surprisingly, an unhappier one. Here's what I learned.

Travel

10 Best Entrepreneurial Events To Attend Before 2023 Is Over

As we head into the latter half of 2023, there's still a great chance for you to get involved in some exciting startup events.

Starting a Business

10 Common Obstacles to Avoid When Starting a Business

Starting a new business can be an exciting and rewarding venture, but it also comes with its fair share of challenges. Here are some common obstacles to avoid when starting a new business.