Bitcoin-Based NFT Collection Taproot Wizards Reveals Public Sale

The sale of the non-fungible token (NFT) collection Taproot Wizards will begin on 25 March, the team just announced .

The NFT collection comprises a limited mint of 2,121 Wizards . The Wizards were inscribed two years ago. This, the team says, makes them “one of the most highly anticipated NFT collections across all blockchains.”

Meanwhile, the team stated that the Whitelist Wizards will go for 0.2 BTC. To get on the whitelist, participants had to complete ‘quests’ and will have to fund their wallets by 19 March.

Holders of two ‘entangled’ Quantum Cats will be able to buy a Taproot Wizard at a discounted price of 0.1 BTC.

The other wizards will be sold on a Dutch auction. The sale will take place on the mint website .

Notably, “each collectible lives entirely on the Bitcoin blockchain using Ordinals,” said the press release.

Per the announcement shared with Cryptonews, this project “harkens back to the original Bitcoin Wizard Reddit meme of 2013.” The NFTs are described as “magic internet JPEGs” on a mission to “make bitcoin magical.”

Source: Paul Bars, Medium

Meanwhile, this is a Bitcoin Ordinals project. Via Ordinals, users can inscribe data into the Bitcoin blockchain, creating NFTs on this network that’s not well-known for this token type.

Wizards Follow the Cats

Bitcoin educators and social media influencers Udi Wertheimer and Eric Wall spearheaded the Taproot Wizards project. The duo famously dressed up as wizards at a Bitcoin 2023 conference.

Previously, Taproot Wizards launched the popular Ordinals collection called Quantum Cats . It sold out in a matter of minutes in January 2024.

Also, among the Bitcoin NFT projects, this one is the first per market cap, according to CoinGecko.

Source: CoinGecko

This collection celebrates the ‘ OP_CAT ‘ Bitcoin Improvement Proposal (BIP) that will enable novel smart contract functionality for Bitcoin, says the announcement.

Bitcoin creator Satoshi Nakamoto “originally included OP_CAT in Bitcoin but later disabled it,” and “many Bitcoin developers support bringing it back,” it added.

Meanwhile, on February 4, Taproot Wizards said it raised $30 million, led by Standard Crypto, “indicating institutional support for building on Bitcoin.”

The team will use the funds to build out an ecosystem of OP_CAT applications and protocols.

Source: taprootwizards.com

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.