The Bitcoin-focused NFT challenge ‘Taproot Wizards‘ has efficiently garnered $75 million in funding to “make Bitcoin magical once more”.
On a joint mission to develop the functionalities of Bitcoin and Ordinals, Commonplace Crypto led the capital spherical alongside key crypto buyers: Collider Ventures, UTXO Administration, and StarkWare.
HOLD ON TO YOUR WIZARD HATS!
Right now we’re saying a $7.5M seed spherical, led by @standardcrypto, to Make Bitcoin Magical Once more
We broke the chain, we danced on stage, we took showers
We heard about bitcoin 10 years in the past. 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 greatest identified for its distinctive NFT assortment that options wizard characters, which displays Bitcoin’s early days as “magic web cash”.
The challenge is on the forefront of selling innovation for the Bitcoin protocol, enabling the funding spherical to carry collectively a top-tier workforce of Bitcoin builders to advance Bitcoin and Ordinals.
A main focus of this initiative is to boost 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 challenge has already contributed open-source rollup code to help scaling efforts.
Moreover, Taproot Wizards is working towards creating a cushty, collaborative surroundings for Bitcoin builders, spurring them to check out new avenues on the blockchain community to boost the coin’s versatility. Within the meantime, Taproot Wizards will proceed creating new Bitcoin functions — personal funds, NFTs, decentralized identities, and good contracts — with the purpose of propelling Bitcoin’s evolution past being a digital asset.
With a talented technical workforce and important monetary help, Taproot Wizards’ Bitcoin funding spherical is primed to advance the cryptocurrency, probably introducing an thrilling new chapter of utility.
Need extra? Join with NFT Plazas
Be part of the Weekly NewsletterFollow us on TwitterLike us on FacebookFollow us on Instagram
*All funding/monetary opinions expressed by NFT Plazas are from the private analysis and expertise of our website moderators and are meant as instructional materials solely. People are required to completely analysis any product prior to creating any type of funding.
Digital artwork fanatic who brings a singular perspective to NFT information.
