Bitcoin-focused Taproot Wizards raises $7.5 million in seed funding to "make bitcoin magical again"
Taproot Wizards, a project focused on Bitcoin's Ordinals protocol, has raised $7.5 million in seed funding to bring back the "magic" of Bitcoin. The investment was led by Standard Crypto, a venture capital firm focused on cryptocurrency, and included contributions from other firms. Taproot Wizards offers a collection of Microsoft Paint images of wizards, inspired by a 2013 Bitcoin meme, and uses the Ordinals protocol to create non-fungible tokens on the Bitcoin network. While the protocol has faced criticism for congesting the network, the success of Taproot Wizards' funding round suggests it has plenty of supporters.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Demand for mining equipment has skyrocketed in Russia
FIFA and Mythical Bring “FIFA Rivals” to Polkadot
FIFA, the world’s biggest name in football (or soccer as Americans call it), has partnered with Mythical Games to create an exciting new mobile game called FIFA Rivals
241126: Ether Favored in Crypto Rotation as Bitcoin Recoils Off $100K Sell Wall
After a prolonged downtrend relative to bitcoin (BTC), Ethereum's ether (ETH) is showing signs of a resurgence. ETH, the second-largest cryptocurrency on the market, gained over 4% in the past 24 hours, while BTC lost 1.5% during the same time, dipping below $95,000 during the Monday session. The o
Why Qubetics Could Be the Best-Performing Coin in November 2024 And How It Stands Up Against Near Protocol and Avalanche
Trending news
MoreCrypto prices
More
