Skip to content

Taproot Wizards to Revive Bitcoin’s Magic with $7.5M Funding

The Bitcoin-focused NFT challenge ‘Taproot Wizards‘ has efficiently garnered $75 million in funding to “make Bitcoin magical once more”.

On a joint mission to increase the functionalities of Bitcoin and Ordinals, Commonplace Crypto led the capital spherical alongside different key crypto buyers: Collider Ventures, UTXO Administration, and StarkWare.

Equipping Bitcoin for a Flourishing Future

“Bullish on Bitcoin for a decade,” Taproot Wizards is greatest identified for its distinctive NFT assortment that options wizard characters, which displays Bitcoin’s early days as “magic web cash”.

The challenge is on the forefront of selling innovation for the Bitcoin protocol, enabling the funding spherical to deliver collectively a top-tier staff of Bitcoin builders to advance Bitcoin and Ordinals. 

A main focus of this initiative is to reinforce 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 challenge has already contributed open-source rollup code to help scaling efforts. 

Moreover, Taproot Wizards is working towards creating a snug, collaborative atmosphere for Bitcoin builders, spurring them to check out new avenues on the blockchain community to reinforce the coin’s versatility. Within the meantime, Taproot Wizards will proceed growing new Bitcoin purposes — personal funds, NFTs, decentralized identities, and good contracts — with the intention of propelling Bitcoin’s evolution past being a digital asset.

With a talented technical staff and important monetary help, Taproot Wizards’ Bitcoin funding spherical is primed to advance the cryptocurrency, doubtlessly introducing an thrilling new chapter of utility. 

Need extra? Join with NFT Plazas

Be part of the Weekly Publication
Comply with us on Twitter
Like us on Fb
Comply with us on Instagram

*All funding/monetary opinions expressed by NFT Plazas are from the non-public analysis and expertise of our website moderators and are supposed as academic materials solely. People are required to completely analysis any product prior to creating any sort of funding.

continue reading