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.