Recently, Yuga Labs, the parent company of Bored Ape Yacht Club (BAYC), launched a Bitcoin-based NFT series called TwelveFold. A total of 3,246 people participated in the auction, generating 735.7 BTC (approximately $16.5 million) and sparking a new wave of Bitcoin NFT hype.As we all know, previous NFTs, such as BAYC and CryptoPunks, were mostly based on Ethereum. So what is this Bitcoin-based NFT all about? This all comes down to the Ordinals protocol. Since its launch in this January, Bitco...