Bitcoin-focused Taproot Wizards raises $7.5 million in seed funding to "make bitcoin magical again"

Taproot Wizards, a project focused on Bitcoin's Ordinals protocol, has raised $7.5 million in seed funding to bring back the "magic" of Bitcoin. The investment was led by Standard Crypto, a venture capital firm focused on cryptocurrency, and included contributions from other firms. Taproot Wizards offers a collection of Microsoft Paint images of wizards, inspired by a 2013 Bitcoin meme, and uses the Ordinals protocol to create non-fungible tokens on the Bitcoin network. While the protocol has faced criticism for congesting the network, the success of Taproot Wizards' funding round suggests it has plenty of supporters.

Taproot Wizards Financing

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