Taproot Wizards have collected $ 30 million, which it plans to build an ecosystem of applications using OP_CAT Bitcoin Improvement Propposal (BIP).

OP_CAT is a feature that Bitcoin’s pseudonymous founder Satoshi Nakamoto included in the software’s original code, but which he/she removed with concern that it exposed it to risks such as NEW-OF-SERVICE (DOS) attack.

Many developers have expressed a concern about bringing it back.

The proposal could bring Ethereum-like smart contract functionality to Bitcoin through the introduction of “covenants” or rules that determine how a specific transaction will work.

Taproot Wizards, whose vision is to “do Bitcoin Magical Again”, sold a collection of 3,000 non -spoken Token (NFT) -like pieces of digital art called “Quantum Cats” to drum up the OP_CAT a year ago.

The wizards have tried to “meme up_cat back to existence” according to an E -mail message on Tuesday.

Co -founder UDI WERTHIMER describes OP_CAT as “the missing piece” to achieve “permitted programmability for Bitcoin, allowing lending, trade and smart contracts without giving up self -preserving” in Tuesday’s announcement.

The $ 30 million financing round was led by standard crypto.