(BTC) Bitcoin News TodayBlockchainNewsNFT

Yuga Labs Issuing Bitcoin Rewards in TwelveFold Ordinals Puzzle

Yuga Labs, behind the Bored Ape creator, unveiled a thirteen-week puzzle game centred on its TwelveFold Ordinals. The successful participants in the puzzle-solving competition would earn Bitcoin prizes.

The team behind the Bored Ape Yacht Club promised to issue Bitcoin as the prize in the latest initiative. The puzzle game centres around the Yuga Labs’ generative art collection – TwelveFold. 

Yuga Labs Unveils Cipher Puzzle Series

In its Tuesday, September 5 tweet, Yuga Labs confirmed launching the cipher puzzle series, drawing inspiration from the Bitcoin-based artwork. The firm indicated that TwelveFold puzzles would align with the inspiration for the collection. In particular, Yuga Labs bases the initiative on time, mathematics and variability principles. 

The Tuesday, September 5 post on X (previously Twitter) detailed TwelveFold as a 300-piece generative art. The collection is created on Ordinals, where the protocol allows users to inscribe similar to a nonfungible token (NFT) artwork. 

Yuga Labs indicates that while the March auction received heavy criticism from the crypto community, the primary sale realized $16.5 million through 288 successful bidders. The post revealed TwelveFold in February as a collection of 300 unique generative art pieces running on the Bitcoin blockchain.

Thirteen-week Puzzle Mirrors TwelveFold Inspiration

The cipher puzzle series retains the art inspiration. However, it deploys an open entry format with participants not obligated to own a TwelveFold to secure participation.

📰 Also read:  Bitcoin Open Interest Reaches New Highs as Price Surges to $71,000

Yuga indicated that TwelveFold utilizes a symbolic storage mechanism similar to one deployed on the Bitcoin blockchain. TwelveFold involves the collection of art pieces held within 12×12 grids integrating 3D graphics with hand-drawn features. Further, the art pieces are all inscribed on respective satoshis, with the smallest Bitcoin denomination as the base for the newly unveiled puzzle series.

Sun Puzzle Scheduled to Replace Moon Puzzle

Starting Tuesday, September 5, Yuga Labs confirmed it would release a single Moon Puzzle for individuals to solve weekly. The puzzle will last 12 weeks and offer the successful participant 0.12 Bitcoin, translating to $3090 for the correct guess. 

Yuga Labs confirmed that it would replace the Moon with the Sun Puzzles in the thirteenth week. It would then reward the fortunate guesser with a single TwelveFold Ordinal. The post indicated that a single TwelveFold was exchanging hands at 0.9 BTC. Such translates to $23150, as per Magic Eden Secondary marketplace.

Yuga Labs indicated that all puzzles are open to willing participants and not ringfenced to TwelveFold asset holders. Nonetheless, Yuga Labs would tease by assuring TwelveFold holders to expect a surprise release soon.

Yuga indicated participants must have the Ordinals Bitcoin wallet – Unisat or Xverse. The news post directs the players to download the puzzle from the TwelveFold website. Its completion would need them to creatively or logically solve the puzzle. 

📰 Also read:  Trump Defeats Kamala to Become the US 47th President: Here is What it Means for Crypto

Yuga clarified that answers submission would leverage Satoshis for on-chain inscription. Satoshis implies that the submission would last on the Bitcoin blockchain. 

Yuga confirmed in the post that only a single winner could claim the puzzle. The participant must furnish the tax details when claiming the prize money. 

Yuga indicated that instances, where multiple individuals provide the correct answer simultaneously would compel the consideration of one with the lower inscription number. The puzzle attracts fierce competition, as the website shows the challenge was ultimately solved.

Editorial credit: T. Schneider / Shutterstock.com


Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  Moo Deng Meme Coin Surges 120% Following Binance Listing

Stephen Causby

Stephen Causby is an experienced crypto journalist who writes for Tokenhell. He is passionate for coverage in crypto news, blockchain, DeFi, and NFT.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Skip to content