Yuga Labs Launches Collection on Bitcoin Blockchain, Signaling a Shift in the NFT World

Yuga Labs, the company that owns such popular NFT collections as Bored Ape Yacht Club and CryptoPunks, will launch a new NFT collection on the Bitcoin blockchain. Most NFTs, and all of Yuga Labs’s previous collections, are minted, stored, traded, and bought on the Ethereum blockchain. Until recently, the Bitcoin blockchain wasn’t used to make NFTs because Bitcoin had little infrastructure to support smart contracts, which essentially function as a digital receipt that assigns and tra