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Yuga Labs’ TwelveFold Puzzle Series Offers Bitcoin Rewards

BlockNews Team by BlockNews Team
September 7, 2023
in BUSINESS, MEDIA, NFT
Reading Time: 3 mins read
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  • Yuga Labs has launched a 13-week cipher puzzle series based on their TwelveFold Bitcoin Ordinals collection.
  • Participants can solve weekly “Moon Puzzles” for a chance to win 0.12 BTC, and a special “Sun Puzzle” in the 13th week to win a TwelveFold Ordinal.
  • Open to everyone, the puzzles require an Ordinals Bitcoin wallet for participation and solution submission, making each answer a permanent part of the Bitcoin blockchain.

Yuga Labs, best known as the brains behind the highly popular Bored Ape Yacht Club, is once again redefining the boundaries of NFTs and cryptocurrency. This time, they’ve delved into an intriguing intersection of art, mathematics, and Bitcoin with their TwelveFold puzzle competition. Unveiled on September 5, 2023, this 13-week cipher puzzle series not only promises participants a chance to flex their mental muscles but also rewards them with Bitcoin.

TwelveFold isn’t just a collection; it’s a manifestation of an innovative idea. The art pieces are built on Ordinals, a protocol that allows for the “inscription” of NFT-like artwork and other assets directly onto the Bitcoin blockchain. This 300-piece generative art collection revolves around a unique 12×12 grid, a representation of how data is stored on the Bitcoin blockchain. Inscribed onto individual satoshis (the smallest unit of Bitcoin), these pieces offer a layered narrative that encompasses time, mathematics, and variability.

Back in March, the initial auction for these art pieces faced its share of skepticism. However, Yuga Labs silenced critics by raising a staggering $16.5 million through 288 successful bids. As part of the TwelveFold initiative, Yuga Labs is now offering weekly puzzles, aptly named “Moon Puzzles,” based on this unique art series.

How to Participate in The Cipher

You don’t have to be a TwelveFold asset owner to partake in the fun; these puzzles are open to anyone with a flair for riddles. To join in, you’ll need an Ordinals Bitcoin wallet, like Xverse or Unisat. Once you’re set up, you can download the puzzle from the TwelveFold website and let your creativity or logic take the reins.

To submit your solution, you’ll inscribe it on-chain via satoshis—making your contribution a permanent part of the Bitcoin blockchain. The reward? A cool 0.12 BTC (about $3,090 as of the current rate) for the first person to correctly solve each weekly Moon Puzzle. But the stakes go up in the 13th week, where solving the “Sun Puzzle” could land you one of the TwelveFold Ordinals, valued at approximately 0.9 BTC or about $23,150.

What sets this competition apart is its unalterable permanency. Your submitted answers, inscribed on satoshis, are there to stay on the Bitcoin blockchain, making each puzzle a historical event in the cryptocurrency world.

The Fine Print

Before you embark on this crypto-adventure, there’s some paperwork to be mindful of. Yuga Labs has made it clear that tax forms will be necessary to claim the Bitcoin prizes. Furthermore, in the event of simultaneous correct answers, the winner will be determined by the lower inscription number on the Bitcoin block.

Interestingly, Yuga Labs’ website showed that the first puzzle had already been solved shortly after its release. The answer? “Jigsaw,” deciphered by merging two ordinals and using the resulting numbers to spell out the solution through alphabet letters.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: TwelveFoldYuga Labs
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