BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Taproot Wizards Raise $7.5M to Bring Magic to the Bitcoin Network

by BlockNews.com Team
November 16, 2023
in BREAKING NEWS, CRYPTO, FEATURED
Reading Time: 3 mins read
A A
#image_title

#image_title

1
SHARES
12
VIEWS
Share on XShare in TelegramShare on Reddit
  • Bitcoin startup Taproot Wizards raised $7.5 million in seed funding led by Standard Crypto to build a community around Bitcoin Ordinals
  • Taproot Wizards has a limited mint of 2,121 wizard NFTs/tokens to give to active community members, paying homage to Bitcoin’s 21 million supply
  • Ordinals enable indexing and tracking of satoshis across Bitcoin’s network, serving as NFTs or fungible tokens, contributing to Bitcoin’s transaction volume highs

Bitcoin-focused startup Taproot Wizards has raised $7.5 million in a seed funding round led by crypto venture capital firm Standard Crypto. The startup is building an engaged community around Bitcoin Ordinals.

About Taproot Wizards

Taproot Wizards is a Bitcoin-focused Ordinals project working to “re-infuse the Bitcoin community with magic” according to a tweet from the startup. The organization has a limited mint of 2,121 wizards, with the specific number paying homage to Bitcoin’s total supply of 21 million.

To date, less than 1% (20) of the Taproot Wizards Ordinals have been inscribed. Taproot Wizards are awarding these Ordinals to active community members who participate in the startup’s activities. For example, attendees of a recent Taproot Wizards event in Amsterdam could win an Ordinal by having the best wizard costume.

About Bitcoin Ordinals

Ordinals enable the indexing and tracking of every satoshi (Bitcoin’s smallest unit) across the Bitcoin network. The process called inscription allocates image or other data to individual satoshis.

Ordinals can serve as either individual NFTs or fungible BRC-20 tokens. The hype around Ordinals likely contributed to Bitcoin’s network hitting an all-time high for transactions in September.

🚨 NEWS: Bitcoin Ordinals Project @TaprootWizards Secures $7.5 Million in Seed Funding!

There was no mention of what the money will be used for.

The project's mission to reintroduce "magic" to the Bitcoin community remains steady! pic.twitter.com/0eeFP1etvz

— BlockNews.com (@blocknewsdotcom) November 16, 2023

Other Investors

In addition to lead investor Standard Crypto, Taproot Wizards received backing from StarkWare and Bitcoin Frontier Fund. The startup said no Ordinals have been sold to investors in this funding round.

Conclusion

With its recent seed funding and active community building, Taproot Wizards aims to bring more excitement and engagement to the Bitcoin ecosystem through Ordinals. It will be interesting to watch the startup’s progress in the months ahead.

Tags: BitcoinBlockchaincrypto
TweetShareShare
Previous Post

Tether Targets $500 Million Stake in Bitcoin Mining Industry

Next Post

Pyth Network Challenges Chainlink with 255 Million Token Airdrop

DON'T MISS THESE! HOT OFF THE PRESS

Here’s Why Dogecoin’s Jumping Again Today
CRYPTO

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?
CRYPTO

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth
CRYPTO

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself
CRYPTO

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Load More

Related News

Here’s Why Dogecoin’s Jumping Again Today

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin US Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.