The Bitcoin-focused NFT undertaking ‘Taproot Wizards‘ has effectively garnered $75 million in investment to “make Bitcoin magical once more”.
On a joint venture to increase the functionalities of Bitcoin and Ordinals, Same old Crypto led the capital spherical along key crypto traders: Collider Ventures, UTXO Control, and StarkWare.
HOLD ON TO YOUR WIZARD HATS!
Nowadays we’re pronouncing a $7.5M seed spherical, led by means of @standardcrypto, to Make Bitcoin Magical Once more
We broke the chain, we danced on level, we took showers
We heard about bitcoin 10 years in the past. And WE’RE HERE TO FIX IT
Extra within the thread beneath 🧙♂️ %.twitter.com/xoNho6EKhs
— Taproot Wizards (@TaprootWizards) November 16, 2023
Equipping Bitcoin for a Flourishing Long run
“Bullish on Bitcoin for a decade,” Taproot Wizards is perfect recognized for its unique NFT assortment that includes wizard characters, which displays Bitcoin’s early days as “magic web cash”.
The undertaking is at the leading edge of selling innovation for the Bitcoin protocol, enabling the investment spherical to carry in combination a top-tier group of Bitcoin builders to advance Bitcoin and Ordinals.
A number one focal point of this initiative is to improve applied sciences like Layer-2 rollups and zero-knowledge proofs along the 2021 Taproot improve to support BTC’s safety, privateness, and potency. Nonetheless, the undertaking has already contributed open-source rollup code to toughen scaling efforts.
Moreover, Taproot Wizards is operating towards making a comfy, collaborative surroundings for Bitcoin builders, spurring them to check out new avenues at the blockchain community to improve the coin’s versatility. Within the interim, Taproot Wizards will proceed creating new Bitcoin packages — non-public bills, NFTs, decentralized identities, and good contracts — with the purpose of propelling Bitcoin’s evolution past being a virtual asset.
With a talented technical group and critical monetary toughen, Taproot Wizards’ Bitcoin investment spherical is primed to advance the cryptocurrency, probably introducing a thrilling new bankruptcy of software.
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