Sale Date Announced for Anticipated Auction of Signature NFTs by Taproot Wizards
In a significant move for the Bitcoin community, Taproot Wizards, a project dedicated to the development of OP_CAT, has secured $30 million in ecosystem funding last month. This funding will support projects building on OP_CAT, a simple scripting tool for Bitcoin that enables automated and customisable transactions, known as OPcode Concatenate or OP_CONCAT.
The funding round was led by Standard Crypto, with participation from Cyber Fund, Collider Ventures, Geometry, Masterkey VC, and Newman Capital. This investment comes two years after the Microsoft Paint-style cartoon wizards, inscribed on the Bitcoin blockchain, were first sold. The unsold wizards from the original auction will now be sold in a Dutch auction.
Taproot Wizards is using NFT sales to ramp up its campaign for OP_CAT. On March 25, they will auction 2,121 NFTs, with the initial offer made to buyers on a waitlist. These NFTs, referred to as "magic internet JPEGs", are expected to generate additional funds for the project. The funds from the NFT auction will continue to support projects building OP_CAT.
The project's founder, Wertheimer, has emphasised the flexibility of OP_CAT as a major strength. He expects a surge in the creation of new protocols using OP_CAT, comparing the potential frequency of these new protocols to the heydays of Ethereum or Solana. Wertheimer also emphasised the project's aim to meme OP_CAT into popularity.
This isn't the first time Taproot Wizards has raised funds through NFT sales. Last year, they sold a collection of 3,000 "Quantum Cats", raising $13 million. The funds from this sale were earmarked to support the Bitcoin improvement proposal OP_CAT.
For those interested in the auction date for Taproot Wizards' Signature NFTs or the exact amount of funding the project has raised so far, it is recommended to check the official website or social media channels of Taproot Wizards for updates.
In conclusion, the recent $30 million funding and the upcoming NFT auction mark a significant step forward for Taproot Wizards and the OP_CAT ecosystem. The project's innovative approach to Bitcoin scripting and its use of NFT sales to fund its development are setting a new standard in the crypto space.
Daily news highlights technology advancement within the Bitcoin community as Taproot Wizards prepares for an NFT auction on March 25, aiming to raise additional funds for the OP_CAT project. This event follows their successful $13 million NFT sale last year, showcasing ongoing efforts to meme OP_CAT into popularity and catalyze the creation of new protocols.
