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Bitcoin Ordinals Project Taproot Wizards Delays Quantum Cats Collection Minting Again

02/02/2024 00:33

According to CoinDesk, the Bitcoin Ordinals project Taproot Wizards has delayed the minting of its 'Quantum Cats' collection for a third time due to technical issues. The sale of the NFT-like digital art series was initially paused with a promise to resume 24 hours later, but the plan was abandoned in favor of delaying the sale until Thursday. However, late Wednesday, another postponement was announced, pushing the sale to February 5th. The offering includes 3,000 cats for sale at a fixed price of 0.1 BTC each, potentially raising around $12 million, exceeding the $7.5 million of investor money raised last year. Taproot Wizards claims it underestimated the demand from the community to purchase the Quantum Cats. The issues with the minting site have reportedly been fixed, but more time is needed for additional testing to ensure no other unknown bugs are discovered on mint day. The Bitcoin Ordinals protocol, introduced a year ago, allows NFTs to be minted and stored on Bitcoin's blockchain similarly to other chains like Ethereum. However, some Bitcoin purists argue that Ordinals creates unnecessary congestion on the network and distracts from the original blockchain's mission to be a peer-to-peer payments network.

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