Taproot Wizards raises $30 million to expand OP_CAT functionality on Bitcoin
Powered by @unfolded- Taproot Wizards, a Bitcoin Ordinals project, has raised $30 million to enhance the OP_CAT functionality on Bitcoin, following a previous $7.5 million round.
- The funding round was led by Standard Crypto, with an aim to develop smart contract capabilities and expand the OP_CAT ecosystem, which allows for customizable transactions.
- OP_CAT, originally disabled due to lack of use cases, is being revisited to enable new applications similar to those on Ethereum and Solana, potentially leading to a surge in new protocols on Bitcoin.
- Taproot Wizards is noted for its successful NFT projects, including the Quantum Cats collection, and has hosted global events as part of its initiative to engage the community.