Ordinals project Taproot Wizards announced that it has successfully raised US$7.5 million, led by Standard Crypto, with participation from Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey and Newman Capital. The valuation has not been disclosed. This round of funding will be used to rebuild Bitcoin’s “Wizard Village,” symbolizing its desire to compete with major blockchains such as Ethereum and Solana.
Taproot Wizards’ goal is to reawaken the culture of building and innovating on Bitcoin. The project issued a limited number of 2,121 Wizard NFTs, a number that represents 21 million of the total Bitcoin supply. Currently, less than 1% of Taproot Wizards' Ordinals have been minted. Wertheimer said they kept the release cadence public to avoid hype and instead wanted to find people who were truly committed to the mission, rather than just focusing on JPEGs. (TechCrunch)