Taproot Wizards Secures $30 Million Fund to Expand OP_CAT Ecosystem
Taproot Wizards Secures $30 Million Funding
- Taproot Wizards has raised $30 million to enhance its Bitcoin Ordinals project.
- This marks the project's first funding since a $7.5 million seed round.
- The funding round was led by Standard Crypto, with participation from Cyberfund and Collider Ventures.
- Focus will be on developing the OP_CAT ecosystem to advance Bitcoin's smart contract capabilities.
- OP_CAT, originally introduced by Satoshi Nakamoto, enables automated transactions but was previously disabled.
Significant Milestones
- In February 2023, Taproot Wizards minted the largest Bitcoin block, Taproot Wizard #0001.
- The team also created Quantum Cats, a leading Bitcoin NFT collection by market cap.
- Taproot Wizards has hosted global events through its “Wizard School.”
Despite concerns from some Bitcoin purists about potential network congestion, Taproot Wizards aims to expand Bitcoin's use cases.