Bitcoin Ordinals Project Taproot Wizards Raises $7.5 Million in Seed Funding

Supply: Adobe / Daniel Krasoń

The Bitcoin Ordinals mission identified as Taproot Wizards has efficiently secured $7.5 million in seed funding in a round led by endeavor capital firm Customary Crypto.

Extra contributions within the round came from prominent traders including Geometry, Collider Ventures, StarkWare, UTXO Administration, Bitcoin Frontier Fund, Masterkey, and Newman Capital, the personnel on the support of the mission announced on X on Thursday.

HOLD ON TO YOUR WIZARD HATS!

This day we’re announcing a $7.5M seed round, led by @standardcrypto, to Manufacture Bitcoin Magical Again

We broke the chain, we danced on stage, we took showers

We heard about bitcoin 10 years within the past. And WE’RE HERE TO FIX IT

More within the thread under 🧙‍♂️ pic.twitter.com/xoNho6EKhs

— Taproot Wizards (@TaprootWizards) November 16, 2023

Describing itself as “magic cyber web JPEGs,” Taproot Wizards is on a mission to “make bitcoin magical all all over again.”

The mission is spearheaded by the favored Bitcoin educators and social media influencers Udi Wertheimer and Eric Wall, who famously dressed up in wizard outfits on the Bitcoin 2023 convention in Miami.

The digital art work pieces offered by Taproot Wizards is a queer sequence of Microsoft Paint pictures that includes wizards, similar to an venerable meme in Bitcoin circles that refers to the customary cryptocurrency as “magic cyber web money.”

Magic cyber web money meme. Supply: Udi Wertheimer / X

The controversial Bitcoin Ordinals protocol

On the core of Taproot Wizards is the Ordinals protocol, which enables users to inscribe details into the Bitcoin blockchain itself, effectively developing non-fungible tokens (NFTs) on the Bitcoin community.

Nonetheless, the Ordinals protocol has since the starting been a divisive topic within the Bitcoin community, where many retain in mind digital art work pieces a extinguish of priceless block space that makes true monetary Bitcoin transactions extra costly for all users.

Despite the controversy, the protocol has won reputation, with users inscribing all the issues from queer art work creations to a video of Elon Musk onto the Bitcoin blockchain.