The Bitcoin-focused NFT venture ‘Taproot Wizards‘ has effectively garnered $75 million in investment to “make Bitcoin magical once more”.
On a joint venture to amplify the functionalities of Bitcoin and Ordinals, Usual Crypto led the capital spherical along key crypto traders: Collider Ventures, UTXO Control, and StarkWare.
HOLD ON TO YOUR WIZARD HATS!
These days we’re pronouncing a $7.5M seed spherical, led by way of @standardcrypto, to Make Bitcoin Magical Once more
We broke the chain, we danced on level, we took showers
We heard about bitcoin 10 years in the past. And WE’RE HERE TO FIX IT
Extra within the thread beneath 🧙♂️ percent.twitter.com/xoNho6EKhs
— Taproot Wizards (@TaprootWizards) November 16, 2023
Equipping Bitcoin for a Flourishing Long run
“Bullish on Bitcoin for a decade,” Taproot Wizards is perfect identified for its unique NFT assortment that includes wizard characters, which displays Bitcoin’s early days as “magic web cash”.
The venture is at the leading edge of selling innovation for the Bitcoin protocol, enabling the investment spherical to deliver in combination a top-tier workforce of Bitcoin builders to advance Bitcoin and Ordinals.
A number one focal point of this initiative is to toughen applied sciences like Layer-2 rollups and zero-knowledge proofs along the 2021 Taproot improve to reinforce BTC’s safety, privateness, and potency. Nonetheless, the venture has already contributed open-source rollup code to strengthen scaling efforts.
Moreover, Taproot Wizards is operating towards making a relaxed, collaborative atmosphere for Bitcoin builders, spurring them to check out new avenues at the blockchain community to toughen the coin’s versatility. Within the period in-between, Taproot Wizards will proceed growing new Bitcoin packages — personal bills, NFTs, decentralized identities, and good contracts — with the purpose of propelling Bitcoin’s evolution past being a virtual asset.
With a talented technical workforce and critical monetary strengthen, Taproot Wizards’ Bitcoin investment spherical is primed to advance the cryptocurrency, doubtlessly introducing a thrilling new bankruptcy of software.
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