• The Fold12 project has announced the release of its Bitcoin blockchain NFT collection, running on the Ordinals protocol.
• The Bored Ape Yacht Club (BAYC) has borrowed the idea of an existing NFT collection from the fold12 project.
• To participate in the auction users need to create their wallet and deposit it with Bitcoin.
Fold12 Releases Bitcoin Blockchain NFT Collection
The Fold12 project has just announced the release of its Bitcoin blockchain Non-fungible Token (NFT) collection, which runs on the Ordinals protocol. The 300-piece NFT collection is arranged in a 12×12 grid that represents data structuring of the Bitcoin blockchain, compressed by webp algorithm to provide 10x compression and lower commissions when storing images on the bitcoin network. Each NFT incorporates 3D elements and hand drawn components, with a unique number at bottom right and Fold12 logo at bottom left. This collection is fully hosted on Bitcoin network and has been confirmed for priority against other projects both in Ordinals protocol registry and Bitcoin network, with first mints already inscribed.
Bored Ape Yacht Club Borrows Idea from Fold12
The company behind Bored Ape Yacht Club (BAYC), Yuga Labs, was caught stealing their logo but eventually decided to borrow this idea from existing NFT collection from Fold12 project instead.
How to Participate in Auction?
In order to participate in this auction users will have to create their own wallet and deposit funds using bitcoin.
The auction-like mechanics offered by Fold12 provides users with exclusive access to 300-piece NFT collection which is also first auction run on Bitcoin blockchain via Ordinals protocol.
Confirmation Priority Against Other Projects
This project’s confirmation priority against other projects was established both at Ordinals protocol registry as well as Bitcoin Network, allowing users access to exclusive items such as mints already inscribed into this special collection.