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The launch of the non-fungible token (NFT) collection Taproot Wizards is set for 25 March, as announced by the team.
This NFT collection features a limited mint of 2,121 Wizards, which were inscribed two years ago. According to the team, this timing positions them as “one of the highly anticipated NFT collections across all blockchains.”
Additionally, the team noted that the Whitelist Wizards will be available for 0.2 BTC. To qualify for the whitelist, participants needed to complete ‘quests’ and fund their wallets by 19 March.
Owners of two ‘entangled’ Quantum Cats will have the opportunity to purchase a Taproot Wizard at a reduced price of 0.1 BTC.
The remaining wizards will be sold through a Dutch auction. The sale will take place on the mint website.
Importantly, “each collectible exists entirely on the Bitcoin blockchain using Ordinals,” stated the press release.
According to the announcement shared with Cryptonews, this project “draws inspiration from the original Bitcoin Wizard Reddit meme of 2013.” The NFTs are referred to as “magic internet JPEGs” with a mission to “make bitcoin magical.”
Source: Paul Bars, Medium
Furthermore, this is a Bitcoin Ordinals project. Through Ordinals, users can inscribe data onto the Bitcoin blockchain, creating NFTs on a network not typically associated with this type of token.
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Bitcoin educators and social media figures Udi Wertheimer and Eric Wall are leading the Taproot Wizards initiative. The pair famously donned wizard costumes at a Bitcoin 2023 conference.
Previously, Taproot Wizards launched the popular Ordinals collection known as Quantum Cats, which sold out within minutes in January 2024.
Moreover, among Bitcoin NFT projects, this one ranks first by market cap, according to CoinGecko.
This collection celebrates the ‘OP_CAT‘ Bitcoin Improvement Proposal (BIP), which aims to enable innovative smart contract capabilities for Bitcoin, as stated in the announcement.
Bitcoin creator Satoshi Nakamoto “initially included OP_CAT in Bitcoin but later disabled it,” and “many Bitcoin developers support its reintroduction,” it added.
On February 4, Taproot Wizards announced it raised $30 million, led by Standard Crypto, “indicating institutional support for building on Bitcoin.”
The team plans to utilize the funds to develop an ecosystem of OP_CAT applications and protocols.
Earlier, in November 2023, the project secured $7.5 million in a seed funding round led by venture capital firm Standard Crypto, with participation from Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey, and Newman Capital.
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The post Bitcoin-Based NFT Collection Taproot Wizards Reveals Public Sale appeared first on Cryptonews.
