Yuga Labs's Bitcoin NFT Collection Aunction Starts March 5

Yuga Labs tweeted that the TwelveFold auction will begin at 3 p.m. PT on March 5 (7 a.m. GMT on March 6) and will end at 3 p.m. PT on March 6 (7 a.m. GMT on March 7), lasting 24 hours.

The official Yuga Blog with more details on how the auction will run, how to bid, when winners will receive their ordinal inscriptions found here.

Yuga Lab announced the release of a new NFT collection named TwelveFold last week, which will be minted on the Bitcoin-based Ordinals protocol.

TwelveFold will consist of 300 generative art NFTs created by Yuga Labs and placed on a 12x12 grid, featuring 3D elements and hand-drawn features that symbolize the cartography of data on the Bitcoin blockchain.

Yuga Labs’ new collection does not have any association with its current Ethereum-based collections, nor does it come with any extended utility.