Yuga Labs begins TwelveFold inscription transfer processing operation
It is reported that Yuga Labs announced on social media that the TwelveFold inscription transfer processing operation has been started. Once all inscriptions ha
It is reported that Yuga Labs announced on social media that the TwelveFold inscription transfer processing operation has been started. Once all inscriptions have been cast on the Bitcoin blockchain, all works will be transferred to the empty receiving address of the auction winner, and a notice will be published on the official website. However, Yuga Labs said that the information submitted earlier showed that 21 TwelveFold receiving addresses were not empty, but TwelveFold works would still be sent to these addresses. Yuga Labs reminded that if the inscriptions were retained with other Bitcoin assets, the inscriptions would be accidentally transferred during the normal use of Bitcoin, so it is recommended to store, hold and transfer the inscriptions safely.
Yuga Labs: TwelveFold legend transfer processing operation started
Analysis based on this information:
Yuga Labs, the company responsible for the TwelveFold inscription, has announced on social media that the transfer processing operation for the inscriptions has begun. This news signals the start of an important phase in the creation and transfer of the TwelveFold works. Once all the inscriptions have been cast on the Bitcoin blockchain, they will be transferred to the empty receiving address of the auction winner. A notice will also be published on the official website to notify everyone that the transfer has been completed.
However, Yuga Labs revealed that the information submitted earlier showed that 21 TwelveFold receiving addresses were not empty. Despite this, the company will still send the TwelveFold works to these addresses. The company reminded everyone that if the inscriptions were retained alongside other Bitcoin assets, there is a risk of accidental transfer. Therefore, Yuga Labs recommends that the inscriptions be stored, held, and transferred safely.
The TwelveFold inscription is a unique creation that combines art and technology. It is the result of a collaboration between the designer, Dave Hoover, and the blockchain engineer, Alex Libertas. The entire process of creating and transferring the TwelveFold works has been closely followed by enthusiasts of both art and blockchain technology. The TwelveFold inscription contains twelve individual pieces, each representing a different facet of the Bitcoin blockchain. The inscriptions were auctioned off to the highest bidders in December last year.
Yuga Labs’ announcement about the transfer processing operation indicates that the company is committed to ensuring the safe transfer and preservation of the TwelveFold works. The company’s reminder to store, hold, and transfer the inscriptions safely is an important message considering the rising popularity of cryptocurrencies and the potential for accidental transfer of assets.
In conclusion, the news of Yuga Labs beginning the TwelveFold inscription transfer processing operation is an important milestone in the creation and transfer of the TwelveFold works. The company’s commitment to ensuring the safe transfer and preservation of the inscriptions is commendable, and its reminder to store, hold, and transfer the inscriptions safely is a timely and valuable piece of advice.
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