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11:00 PM · Feb 4, 2025 · Taproot Wizards, the Bitcoin Ordinals project igniting a renaissance in Bitcoin functionality, has secured $30 million in a Series A funding round. This impressive investment, led by Standard Crypto, follows a previous $7.5 million seed round and brings the total funding raised to $37.5 million. The round saw participation from notable investors including Cyberfund and Collider Ventures, solidifying Taproot Wizards' position as a leader in the evolving Bitcoin ecosystem.
Unleashing the Power of OP_CAT:
This latest funding injection will empower Taproot Wizards to further develop and expand the capabilities of OP_CAT (opcode category), a powerful feature originally conceived by Satoshi Nakamoto but later disabled due to underutilization. OP_CAT allows for automated and customizable Bitcoin transactions, opening up a world of possibilities for smart contracts and decentralized applications on the Bitcoin blockchain. Taproot Wizards believes OP_CAT holds the key to unlocking Bitcoin's full potential as a programmable platform, rivaling the capabilities of networks like Ethereum and Solana.
From Bitcoin Wizards Meme to Cutting-Edge Technology:
Co-founded in 2023 by Udi Wertheimer and Eric Wall, Taproot Wizards draws inspiration from the iconic Bitcoin Wizard meme and the groundbreaking Taproot upgrade, which significantly expanded Bitcoin's functionality. Wertheimer envisions OP_CAT as a catalyst for rapid innovation, fostering the creation of new Bitcoin protocols at an accelerated pace, mirroring the explosive growth witnessed in Ethereum's early days.
A History of Innovation:
Taproot Wizards has quickly established itself as a prominent force in the Bitcoin community. In February 2023, the project minted Wizard #0001, resulting in a 4MB Bitcoin block, the largest in history at the time. Its Quantum Cats NFT collection boasts the highest market cap among Bitcoin-based digital assets, showcasing the project's ability to capture the imagination of collectors and investors alike. Furthermore, the team's "Wizard School" initiative fosters global engagement, promoting education and wider adoption of Bitcoin and its evolving capabilities.
Beyond Digital Gold: A New Era for Bitcoin:
The Ordinals protocol, pioneered by Casey Rodarmor, has fundamentally transformed Bitcoin's utility, pushing it beyond its traditional role as a store of value. This has led to a surge in on-chain activity, demonstrating the growing demand for programmable finance and NFTs on the Bitcoin blockchain. Taproot Wizards' successful funding round underscores Bitcoin's ongoing evolution, paving the way for a future where Bitcoin transcends its digital gold status to become a dynamic platform for innovation and decentralized applications.
About Taproot Wizards:
Taproot Wizards is a Bitcoin Ordinals project dedicated to expanding the functionality and community of Bitcoin through the development and promotion of OP_CAT. Co-founded by Udi Wertheimer and Eric Wall, the project is committed to fostering innovation and driving the adoption of Bitcoin as a programmable platform.
Compiled by CMO Intern team
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