The Story Behind Yuga Labs’ Inscribed NFTs: Complete TwelveFold Gallery Now Available
On March 21st, Yuga Labs said on Twitter that the inscription that had not been sent before due to the fact that the receiving address had not been cleared has now been sent. The c
On March 21st, Yuga Labs said on Twitter that the inscription that had not been sent before due to the fact that the receiving address had not been cleared has now been sent. The complete TwelveFold Gallery can be found at https://twelvefold.io/gallery See.
Yuga Labs: All TwelveFold inscriptions have been sent
Yuga Labs, the company behind the popular Cryptopunks NFTs, made an exciting announcement on March 21st. The company tweeted that an inscription for their unique NFTs, which had not been sent earlier due to issues with the receiving address, had finally been sent. This meant that fans of Yuga Labs could finally get their hands on the complete TwelveFold Gallery, which is available at https://twelvefold.io/gallery. In this article, we’ll be diving deeper into the story behind Yuga Labs’ inscribed NFTs.
What are NFTs?
Before we dive deeper into Yuga Labs’ inscribed NFTs, let’s first understand what NFTs are. NFTs, or non-fungible tokens, are a type of digital asset that represents ownership of unique items such as art, music, and videos. These digital assets are stored on a blockchain, making them secure and tamper-proof. Each NFT is unique and cannot be replicated, making them valuable in the world of digital art and collectibles.
Yuga Labs and Cryptopunks
Yuga Labs is the company behind the hugely popular Cryptopunks NFTs. Cryptopunks are 10,000 unique 8-bit characters that can be bought and sold on the Ethereum blockchain. Each Cryptopunk is unique and has its own set of attributes, such as hair color, accessories, and expressions. Some Cryptopunks have even sold for millions of dollars.
The TwelveFold Gallery
The TwelveFold Gallery is a collection of 12 unique NFTs created by Yuga Labs. These NFTs are inscribed with the names of 12 notable individuals, including Satoshi Nakamoto, the anonymous creator of Bitcoin, and Nathaniel Branden, a pioneering psychotherapist. The inscriptions are unique to each NFT, making them truly one-of-a-kind. The gallery was first announced in October 2020, and fans have eagerly awaited its release ever since.
The Issue with the Receiving Address
On March 6th, Yuga Labs announced that they were delaying the release of the TwelveFold Gallery due to an issue with the receiving address. This caused frustration among fans who had been eagerly anticipating the release of the collection. However, Yuga Labs quickly got to work on resolving the issue and finally announced on March 21st that the problem had been solved and the inscriptions had been sent.
What Does This Mean for the Future of NFTs?
Yuga Labs’ success with Cryptopunks and the TwelveFold Gallery proves that there is a huge demand for NFTs in the world of digital art and collectibles. The fact that a single NFT can sell for millions of dollars is a testament to the power of blockchain technology and the value that people place on owning unique items. As more companies and artists embrace NFTs, it’s likely that we’ll see even more exciting collections and innovations in the world of digital art.
Conclusion
Yuga Labs’ inscribed NFTs have been a highly-anticipated release for fans of the company and the world of NFTs. With the issue of the receiving address finally resolved, fans can now get their hands on the complete TwelveFold Gallery. This release is just the latest example of the growing popularity of NFTs and the potential they hold for the future of digital art and collectibles.
FAQ
1. What makes NFTs unique?
NFTs are unique digital assets that cannot be replicated, making them valuable in the world of digital art and collectibles.
2. How do inscribed NFTs work?
Inscribed NFTs have unique inscriptions that are specific to each NFT, making them truly one-of-a-kind.
3. What is the future of NFTs?
As more companies and artists embrace NFTs, it’s likely that we’ll see even more exciting collections and innovations in the world of digital art.
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