{"id":48635,"date":"2023-11-18T10:59:23","date_gmt":"2023-11-18T10:59:23","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/crypto\/bitcoin-ordinals-project-taproot-wizards-raises-7-5-million-in-seed-funding\/"},"modified":"2023-11-18T10:59:24","modified_gmt":"2023-11-18T10:59:24","slug":"bitcoin-ordinals-project-taproot-wizards-raises-7-5-million-in-seed-funding","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=48635","title":{"rendered":"Bitcoin Ordinals Project Taproot Wizards Raises $7.5 Million in Seed Funding"},"content":{"rendered":"<div>\n<figure id=\"attachment_133052\" aria-describedby=\"caption-attachment-133052\" style=\"width: 1280px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-133052\" class=\"wp-caption-text\">Source: Adobe \/ Daniel Kraso\u0144<\/figcaption><\/figure>\n<p>The Bitcoin Ordinals project known as Taproot Wizards has successfully secured $7.5 million in seed funding in a round led by venture capital firm Standard Crypto.<\/p>\n<p>Additional contributions in the round came from prominent investors including Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey, and Newman Capital, the team behind the project <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/TaprootWizards\/status\/1725163124616057203\">announced<\/a> on X on Thursday.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">HOLD ON TO YOUR WIZARD HATS!<\/p>\n<p>Today we are announcing a $7.5M seed round, led by <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/standardcrypto?ref_src=twsrc%5Etfw\">@standardcrypto<\/a>, to Make Bitcoin Magical Again<\/p>\n<p>We broke the chain, we danced on stage, we took showers<\/p>\n<p>We heard about bitcoin 10 years ago. And WE\u2019RE HERE TO FIX IT<\/p>\n<p>More in the thread below \ud83e\uddd9\u200d\u2642\ufe0f <a rel=\"nofollow\" href=\"https:\/\/t.co\/xoNho6EKhs\">pic.twitter.com\/xoNho6EKhs<\/a><\/p>\n<p>\u2014 Taproot Wizards (@TaprootWizards) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/TaprootWizards\/status\/1725163116059627761?ref_src=twsrc%5Etfw\">November 16, 2023<\/a><\/p>\n<\/blockquote>\n<p>Describing itself as \u201cmagic internet JPEGs,\u201d Taproot Wizards is on a mission to \u201cmake bitcoin magical again.\u201d<\/p>\n<p>The project is spearheaded by the popular Bitcoin educators and social media influencers Udi Wertheimer and Eric Wall, who famously dressed up in wizard outfits at the <em>Bitcoin 2023<\/em> conference in Miami.<\/p>\n<p>The digital art pieces offered by Taproot Wizards is a unique collection of Microsoft Paint images featuring wizards, reminiscent of an old meme in Bitcoin circles that refers to the original cryptocurrency as \u201cmagic internet money.\u201d<\/p>\n<figure id=\"attachment_133039\" aria-describedby=\"caption-attachment-133039\" style=\"width: 1280px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-133039\" class=\"wp-caption-text\">Magic internet money meme. Source: Udi Wertheimer \/ X<\/figcaption><\/figure>\n<h2>The controversial Bitcoin Ordinals protocol<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>At the core of Taproot Wizards is the Ordinals protocol, which allows users to inscribe data into the Bitcoin blockchain itself, effectively creating non-fungible tokens (NFTs) on the Bitcoin network.<\/p>\n<p>However, the Ordinals protocol has since the beginning been a divisive topic within the Bitcoin community, where many consider digital art pieces a waste of precious block space that makes real monetary Bitcoin transactions more expensive for all users.<\/p>\n<p>Despite the controversy, the protocol has gained popularity, with users inscribing everything from unique art creations to a video of Elon Musk onto the Bitcoin blockchain.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/bitcoin-ordinals-project-taproot-wizards-raises-7-5-million-in-seed-funding.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Adobe \/ Daniel Kraso\u0144 The Bitcoin Ordinals project known as Taproot Wizards has successfully secured $7.5 million in seed funding in a round led by venture capital firm Standard Crypto. Additional contributions in the round came from prominent investors including Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey, and Newman Capital, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":48636,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[35],"tags":[],"class_list":{"0":"post-48635","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Ordinals Project Taproot Wizards Raises $7.5 Million in Seed Funding | Prosfunds<\/title>\n<meta name=\"description\" content=\"Source: Adobe \/ Daniel Kraso\u0144 The Bitcoin Ordinals project known as Taproot Wizards has successfully secured $7.5 million in seed funding in a 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