{"id":17236,"date":"2025-03-11T15:02:03","date_gmt":"2025-03-11T15:02:03","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17236"},"modified":"2025-03-11T15:02:03","modified_gmt":"2025-03-11T15:02:03","slug":"taproot-wizards-looks-to-raise-over-34m-in-long-awaited-sale-of-signature-nfts","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17236","title":{"rendered":"Taproot Wizards Looks to Raise Over $34M in Long-Awaited Sale of Signature NFTs"},"content":{"rendered":"
\n

A Bitcoin ordinals project said it aims to raise over $34 million from an art collection of Microsoft Paint-style cartoon wizards following a similar sale last year that raised $13 million.<\/p>\n

Taproot Wizards plans to auction 2,121 non-fungible tokens<\/a> (NFTs) of its signature “magic internet JPEGs,” which harken back to a 2013 bitcoin meme: “magic internet money,” later this month, according to an emailed statement. The Wizards were inscribed on the Bitcoin blockchain two years ago and are now being made available for sale. <\/p>\n

The project last year sold a collection of 3,000 “Quantum Cats” to raise support for the Bitcoin improvement proposal (BIP) OP_CAT. Despite being marred by technical issues, the collection quickly sold out, raising 300 BTC in the process<\/a>.<\/p>\n

Starting on March 25, the Wizards will initially be offered to buyers on a whitelist for 0.2 BTC ($16,000), with any not taken being sold in a Dutch auction. The starting price will be higher than 0.2 BTC and revealed closer to the auction, a spokesperson told CoinDesk in a Telegram message.<\/p>\n

If all 2,121 NFTs sell for 0.2 BTC, the project would raise around $34 million based on bitcoin’s current price of around $80,000.<\/p>\n

OP_CAT was included in Bitcoin’s original code by pseudonymous founder Satoshi Nakamoto, who subsequently removed it due to concerns that it could expose the network to risks such as a denial-of-service (DoS) attack.<\/p>\n

Developers have been attempting to bring it back<\/a> in order to allow Ethereum-style smart-contract functionality, thus significantly adding to the utility that is possible on the original blockchain.<\/p>\n

Taproot Wizards’ goal is to “meme OP_CAT back into existence,” through initiatives such as the NFT sales, it said. Last month, the project raised $30 million in funding<\/a> for the building of an ecosystem of applications using OP_CAT.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A Bitcoin ordinals project said it aims to raise over $34 million from an art collection of Microsoft Paint-style cartoon wizards following a similar sale last year that raised $13 million. Taproot Wizards plans to auction 2,121 non-fungible tokens (NFTs) of its signature “magic internet JPEGs,” which harken back to a 2013 bitcoin meme: “magic […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17236","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17236"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17236\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}