Taproot Wizards Raises $30M to Expand Bitcoin’s OP_CAT Ecosystem
Summary
Bitcoin Ordinals project Taproot Wizards has secured $30 million in a funding round led by Standard Crypto, with participation from Cyberfund, Collider Ventures, and others. OP_CAT, originally introduced by Satoshi Nakamoto, was later disabled due to underuse but has regained interest for its potential to enable Ethereum- and Solana-like applications on Bitcoin. Its Quantum Cats NFT collection holds the highest market cap among Bitcoin-based digital assets. The team also fosters global engagement through its "Wizard School" initiative, promoting education and adoption in the space.The Ordinals protocol, introduced by Casey Rodarmor, has significantly expanded Bitcoins use beyond a store of value, leading to increased on-chain activity. Taproot Wizards latest funding round reinforces Bitcoins evolution as it moves beyond digital gold into programmable finance and NFTs.