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Yuga Labs Explores the Idea of an Existing NFT Collection From Fold 12

Yuga Labs, the company behind the Bored Ape Yacht Club, is exploring the idea of an already inscribed NFT collection fully hosted on the Bitcoin network and in the Ordinals protocol registry by Fold12.

According to the announcement, Fold 12 had released its first auction, which saw it offering a 300-piece NFT collection on the Bitcoin blockchain and via the Ordinals protocol this week. Hence, Fold 12 has gained an edge in the confirmation of their NFT release priority against the Yuga Labs both on the Bitcoin network and in the Ordinals protocol registry.

It appears that this is not the first event of replication that has occurred among the companies, as the announcement noted that Yuga Labs had also previously copycatted their logo, BAYC. 

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