The Bitcoin-focused NFT undertaking ‘Taproot Wizards‘ has efficiently garnered $75 million in funding to “make Bitcoin magical once more”.
On a joint mission to increase the functionalities of Bitcoin and Ordinals, Normal Crypto led the capital spherical alongside key crypto traders: Collider Ventures, UTXO Administration, and StarkWare.
HOLD ON TO YOUR WIZARD HATS!
Right this moment we’re asserting 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 under 🧙♂️ 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 recognized for its distinctive NFT assortment that options wizard characters, which displays Bitcoin’s early days as “magic web cash”.
The undertaking is on the forefront of selling innovation for the Bitcoin protocol, enabling the funding spherical to convey collectively a top-tier crew of Bitcoin builders to advance Bitcoin and Ordinals.
A main focus of this initiative is to reinforce 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 cushty, collaborative setting for Bitcoin builders, spurring them to check out new avenues on the blockchain community to reinforce the coin’s versatility. Within the meantime, Taproot Wizards will proceed creating new Bitcoin purposes — personal funds, NFTs, decentralized identities, and sensible contracts — with the intention of propelling Bitcoin’s evolution past being a digital asset.
With a talented technical crew and important 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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