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Taproot Wizards to Revive Bitcoin’s Magic with $7.5M Funding

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 develop the functionalities of Bitcoin and Ordinals, Customary 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 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 finest 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 carry collectively a top-tier crew of Bitcoin builders to advance Bitcoin and Ordinals.

A major 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 assist scaling efforts.

Moreover, Taproot Wizards is working towards creating a snug, collaborative atmosphere 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 growing new Bitcoin purposes — 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 important monetary assist, Taproot Wizards’ Bitcoin funding spherical is primed to advance the cryptocurrency, probably introducing an thrilling new chapter of utility.

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