Taproot Wizards is an NFT project that has recently received a significant amount of funding, totaling $75 million, to further develop and enhance the functionalities of Bitcoin and Ordinals. The company’s goal is to “make Bitcoin magical again,” and with the support of leading crypto investors such as Standard Crypto, Collider Ventures, UTXO Management, and StarkWare, they are well-positioned to achieve this vision.
Taproot Wizards takes pride in its distinctive NFT collection featuring wizard characters, which serves as an homage to Bitcoin’s early days as “magic internet money.” The project has been actively involved in promoting innovation for the Bitcoin protocol, and the recent funding round will enable them to assemble a top-tier team of Bitcoin developers to push forward advancements in Bitcoin and Ordinals.
One of the primary focuses of the initiative is to enhance technologies like Layer-2 rollups and zero-knowledge proofs, in addition to leveraging the 2021 Taproot upgrade to improve BTC’s security, privacy, and efficiency. It’s worth noting that the project has already contributed open-source rollup code to support scaling efforts, showcasing their commitment to the development and growth of Bitcoin.
Additionally, Taproot Wizards aims to create a collaborative environment for Bitcoin developers, encouraging them to explore new opportunities on the blockchain network to enhance the coin’s versatility. As part of their commitment to innovation, the team at Taproot Wizards will continue to develop new Bitcoin applications, including private payments, NFTs, decentralized identities, and smart contracts, with the overarching goal of propelling Bitcoin’s evolution beyond simply being a digital asset.
With a well-equipped technical team and substantial financial support, Taproot Wizards’ Bitcoin funding round is poised to advance the cryptocurrency, potentially ushering in an exciting new chapter of utility and innovation within the industry.
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In conclusion, Taproot Wizards has secured an impressive amount of funding to drive its mission of making Bitcoin magical again, and it’s clear that they are dedicated to propelling the evolution and development of Bitcoin and Ordinals. With the support of key players in the crypto investment space, as well as their own team of talented developers, the project is well-positioned to contribute to the evolving narrative of Bitcoin as a versatile and impactful digital asset.
