The Bitcoin-focused NFT undertaking ‘Taproot Wizards‘ has successfully garnered $75 million in funding to “make Bitcoin magical again”.
On a joint mission to expand the functionalities of Bitcoin and Ordinals, Standard Crypto led the capital round alongside key crypto investors: Collider Ventures, UTXO Management, and StarkWare.
HOLD ON TO YOUR WIZARD HATS!
Today we are announcing a $7.5M seed round, led by @standardcrypto, to Make Bitcoin Magical Again
We broke the chain, we danced on stage, we took showers
We heard about bitcoin 10 years ago. And WE’RE HERE TO FIX IT
Extra within the thread beneath 🧙♂️ pic.twitter.com/xoNho6EKhs
— Taproot Wizards (@TaprootWizards) November 16, 2023
Equipping Bitcoin for a Flourishing Future
“Bullish on Bitcoin for a decade,” Taproot Wizards is finest identified for its distinctive NFT assortment that options wizard characters, which displays Bitcoin’s early days as “magic internet money”.
The undertaking is on the forefront of selling innovation for the Bitcoin protocol, enabling the funding spherical to carry collectively a top-tier crew of Bitcoin builders to advance Bitcoin and Ordinals.
A main focus of this initiative is to improve applied sciences like Layer-2 rollups and zero-knowledge proofs alongside the 2021 Taproot improve to enhance BTC’s safety, privateness, and effectivity. Nonetheless, the undertaking has already contributed open-source rollup code to help scaling efforts.
Moreover, Taproot Wizards is working towards creating a snug, collaborative surroundings for Bitcoin builders, spurring them to take a look at out new avenues on the blockchain community to improve the coin’s versatility. Within the meantime, Taproot Wizards will proceed growing new Bitcoin functions — personal funds, NFTs, decentralized identities, and good contracts — with the goal of propelling Bitcoin’s evolution past being a digital asset.
With a talented technical crew and vital monetary help, Taproot Wizards’ Bitcoin funding spherical is primed to advance the cryptocurrency, doubtlessly introducing an thrilling new chapter of utility.
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