Yuga Labs, developer of the popular NFT project Bored Ape Yatch Club (BAYC), has announced that its next NFT collection will be implemented on the Bitcoin (BTC) blockchain.
In the post made on the Yuga Labs official website, “TwelveFold” next NFT project named bitcoin announced that it will be released on the network. Ordinals based on this protocol 300 piece NFT collection, auction will be sold and 3D artifacts as well as unique hand-drawn pieces.
Auction of the collection will start this week Yuga Labs stated that they will share a statement 24 hours before the auction.
Reaching a base price of hundreds of Ether (ETH) CryptoPunks Yuga Labs, the owner of such collections, warned users to be careful against scammers at the end of its statement.
NFT trend that has gained popularity in the last period Ordinals (inscriptions) It can be described as a secure and decentralized NFT type written on Satoshis, which is described as the smallest unit in the Bitcoin network.