The Bitcoin-focused NFT venture ‘Taproot Wizards‘ has efficiently garnered $75 million in funding to “make Bitcoin magical once more”.
On a joint mission to broaden 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!
At this time 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 identified for its distinctive NFT assortment that options wizard characters, which displays Bitcoin’s early days as “magic web cash”.
The venture 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 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 venture 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 growing new Bitcoin purposes — non-public funds, NFTs, decentralized identities, and sensible contracts — with the goal 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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