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Mysterious Engraving of NFT Series Raises Questions

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Mysterious Engraving of NFT Series Raises Questions

On March 14, it was reported that the NFT series of Bitcoin, TwelveFold # 205, owned by YugaLabs, was repeatedly “engraved”. The insertion446221 and insertion444385 are both Twelvefold 205/300. The two are currently stored in the same Bitcoin address (bc1pshdmgmkt6pgw56mz94h5y2at4ryuug0ehpz8vg3lnf90xxkr356sjcazc7). The insertion444385 timestamp is 2023-03-1312:42:57, and the insertion446221 timestamp is 2023-03-1316:45:52. According to the official documents of the Ordinals agreement, the creator or owner of the Inscription cannot modify the Inscription after it is created. At present, Yuga Labs has not responded to this matter.

TwelveFold # 205 under Yuga has been repeated" Inscription"

Analysis based on this information:


On March 14, reports surfaced that the NFT series of Bitcoin, TwelveFold # 205, owned by YugaLabs, had been repeatedly “engraved”. The insertions 446221 and 444385 are both Twelvefold 205/300 and currently stored in the same Bitcoin address. The insertion 444385 has a timestamp of 2023-03-1312:42:57, while the insertion 446221 has a timestamp of 2023-03-1316:45:52. What does this mean, and what are the implications?

NFTs or non-fungible tokens are a popular trend in the cryptocurrency world. They allow creators to sell unique digital assets, such as artwork, music, or collectibles, and prove ownership through a blockchain record. However, the recent news about the TwelveFold #205 NFT series has sparked controversy and confusion.

According to the Ordinals agreement, which governs the creation and ownership of the Inscriptions or NFTs, once an Inscription is created, the creator or owner cannot modify it. However, the insertion 446221 and insertion 444385 seem to have been “engraved” multiple times, suggesting that someone had tampered with the original Inscription. This raises questions about the authenticity and legitimacy of the NFTs.

Moreover, the fact that the insertions are stored in the same Bitcoin address also raises concerns about the security and ownership of the NFTs. It is unclear who controls the Bitcoin address and whether they have the right to sell or transfer the NFTs.

YugaLabs, the owner of the TwelveFold #205 NFT series, has not yet responded to the matter, adding to the mystery surrounding the incident. Some experts suggest that this may be a case of hacking or fraud, while others speculate that YugaLabs might have intentionally engraved the NFTs to create hype and increase their value.

In conclusion, the repeated engraving of the TwelveFold #205 NFT series raises significant questions about the authenticity and ownership of the digital assets. It is yet to be seen whether YugaLabs or any other involved parties will provide clarity and transparency on this matter. In the meantime, it is crucial to exercise caution and due diligence when investing in NFTs or any other cryptocurrency.

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