Bitcoin Wizards Cast a $30M Spell on Smart Contracts 🧙‍♂️

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Taproot Wizards, a group of self-proclaimed Bitcoin sorcerers, have conjured up a whopping $30 million in funding. Apparently, they’re determined to make Bitcoin “magical again” – whatever that means. 🪄

This cash injection is their first big score since a measly $7.5 million seed round back in the day. According to The Block (which, let’s be honest, sounds like a newspaper for people who live in a very specific type of building), the round was led by Standard Crypto, a firm that clearly believes in the power of Bitcoin wizardry. Other investors included Cyberfund and Collider Ventures, who presumably thought, “Hey, why not? It’s not like we’re losing anything.” 🤔

The Wizards are Targeting OP_CAT – It’s Not a Cat Cafe, But It’s Just as Adorable

Taproot Wizards, founded by Udi Wertheimer and Eric Wall (who sound like characters from a fantasy novel, except they probably wear Crocs instead of pointy shoes), are focused on growing the OP_CAT ecosystem. Apparently, this is some sort of magic trick that will make Bitcoin’s smart contracts more “powerful.” 💥

To achieve this goal, the wizards will be spending their newly acquired fortune on infrastructure and attracting the best and brightest talent. You know, because they’re not just wizards, they’re also businessmen (or should we say “business wizards”?). 💼

Now, hold onto your hats, because this is where things get really interesting. OP_CAT, it turns out, was actually invented by Bitcoin’s creator, Satoshi Nakamoto. The guy who’s still a mystery, but somehow managed to design a system that’s worth billions of dollars. Anyway, Satoshi thought OP_CAT was a good idea, but it didn’t really catch on. 😴

But now, thanks to Ordinals (which are like Bitcoin’s own version of NFTs) and all these fancy new Bitcoin apps, OP_CAT is making a comeback. The wizards are hoping it will be the secret ingredient to Bitcoin’s success. 🧪

Wizards on a Mission (With a Side of NFTs)

Taproot Wizards are making waves in the Bitcoin community, not just with their fundraising, but with their actual wizardry. Back in February, they minted Taproot Wizard #0001, a 4 MB block of Bitcoin data that was basically the size of a small house. It was the biggest transaction ever, and everyone was like, “Wow, those wizards are serious.” 🤯

They also created Quantum Cats, which is apparently the most successful Bitcoin NFT collection. So, not only are they wizards, they’re also NFT connoisseurs. That’s a lot of hats to wear! 🎩

Beyond the digital world, the wizards have been hosting events around the globe, teaching people the secrets of Bitcoin. They’ve even started a “Wizard School.” Who knew magic was so accessible? 🤔

Of course, there are some Bitcoin purists who think adding tokens and NFTs will ruin the whole thing. They’re worried about network congestion and transaction fees. But the wizards are undeterred, and they’re determined to show everyone that Bitcoin can be used for more than just buying pizza.🍕

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2025-02-05 00:46