Berlin, March, 3 – 2023: The Fold12 project has just announced the release of its Bitcoin blockchain NFT collection, which runs on the Ordinals protocol; meanwhile Yuga Labs, the company behind the Bored Ape Yacht Club, after being caught stealing their logo, BAYC decided to borrow the idea of an existing NFT collection from the zložite 12 projekt.
Fold12 launched its first auction on the Bitcoin blockchain and via the Ordinals protocol this week: the auction-like mechanics offers a 300-piece NFT collection, which is also the first auction on the Bitcoin blockchain. The NFTs are arranged in the form of a 12×12 grid, representing the data structuring of the Bitcoin blockchain. Compressed by the webp algorithm, it allows achieving a 10x compression resulting in lower commissions when storing an image on the Bitcoin network.
Vsak NFT vključuje 3D elemente in ročno narisane komponente. Na desni strani NFT lahko uporabniki prepoznajo številko Fold12 NFT, pri čemer je logotip projekta prikazan spodaj levo. Zbirka v celoti gostuje v omrežju Bitcoin in je dobila potrditev njihove prioritete izdaje NFT pred YL tako v omrežju Bitcoin kot v registru protokola Ordinals, s prvimi kovnicami že vpisano.
In order to participate in the auction the users need to create their wallet and deposit it with Bitcoin, which unlocks the NFT bidding mechanics. The auction for each image lasts for 20 minutes and is extended by another 20 minutes if a new user places a bid. Yuga Labs napovedal začetek of an exact copy of the project using their extensive marketing capabilities.
“Though the earlier collections were constantly copycatted from the Yuga Labs itself, and numerous clones of BAYC and MAYС appeared, this time YL replicated an already existing collection; however, it is clear that both collections definitely attract great public attention: the first Zložite12 NFT has already been bought at auction for 2 BTC” – comments Jane Kovacs, CTO at Fold12.
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- vir: https://dailycoin.com/the-company-behind-the-bored-ape-yacht-club-rides-the-idea-of-a-newly-inscribed-existing-project/
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