April 19, 2024
Bored Ape Yacht Club's Inventor Launches Bitcoin-Powered Cipher Puzzle Series
NFT

Bored Ape Yacht Club’s Inventor Launches Bitcoin-Powered Cipher Puzzle Series

With its newest endeavor, the Bored Ape Yacht Club’s inventor promises puzzles, rewards, and Bitcoin. Yuga Labs developed a cipher puzzle series that was influenced by the Bitcoin-based artwork as part of its TwelveFold generative art collection, and it will be awarding Bitcoin as a prize to winners.

“The TwelveFold puzzles stay true to the inspiration behind the collection—the relationship between time, mathematics, and variability,” the company stated.

Built on Ordinals, the system that enables users to “inscribe” NFT-like artwork along with additional assets to the Bitcoin blockchain, TwelveFold is a 300-piece collection of generative art. Despite considerable backlash from the cryptocurrency community, Yuga Labs was still able to generate around $16.5 million from its main sale thanks to 288 winning bidders.

According to Yuga, TwelveFold artworks are 12×12 grids that blend 3D images and hand-drawn elements, symbolizing how information is maintained on the Bitcoin blockchain. The newly released puzzle series is built upon these works of art that have been etched on individual satoshis, the smallest unit of currency in Bitcoin.

In order to encourage participation, Yuga Labs will begin releasing one “Moon Puzzle” each week for the next 12 weeks. The first person to guess each puzzle correctly will win 0.12 Bitcoin, which is now equivalent to $3,090.

However, the “Sun Puzzle” will take the place of the Moon on the thirteenth week and award the victor with one of the TwelveFold Ordinals. On the Magic Eden secondary market, TwelveFold items are presently listed for around 0.9 BTC (or roughly $23,150).

Anyone, including TwelveFold asset owners, can figure out how to solve each challenge. Yet Yuga Labs hinted in the news article that TwelveFold owners should be on the lookout for “something coming your way soon.”

Users will require an Ordinals Bitcoin wallet, like Xverse or Unisat, to participate. Then, players can visit the TwelveFold website, download a puzzle, and use their imaginations or logic to solve it. Answers are submitted by satoshi on-chain inscription, which ensures that the submission procedure will be permanently recorded on the Bitcoin blockchain.

Yuga stated that there is only room for one winner for each puzzle and that tax paperwork is necessary for them to receive the winnings. If two simultaneous right responses make it into the same block, the person with the lower inscription number will be declared the winner.

However, since Yuga’s website already indicates that today’s puzzle has been solved, the competition may be severe.

Image: Wallpapers.com

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