Taproot wizards appear to collect $ 34 million

A Bitcoin Ordinals project said it is aiming to travel over $ 34 million from an art collection of Microsoft Paint-style cartoonist after a similar sale last year that raised $ 13 million.

Taproot Wizards are planning to auction 2,121 non-funny symbols (NFTs) of its signature “Magic Internet JPEGS”, which has the harvest back to a Bitcoin meme in 2013: “Magic Internet Money”, later this month, according to an email declaration. The wizards were enrolled on Bitcoin Blockchain two years ago and are now made available for sale.

The project last year sold a collection of 3,000 “Quantum Cats” to increase support for Bitcoin Improvement Propposal (BIP) OP_CAT. Despite being destroyed by technical problems, the collection quickly sold out 300 BTC in the process.

From March 25, the wizards will initially be offered buyers on a white list for 0.2 BTC ($ 16,000), where no Dutch auction is sold. The starting price will be higher than 0.2 BTC and revealed closer to the auction, a spokesman Coindesk said in a telegram message.

If all 2,121 NFTs sell for 0.2 BTC, the project would raise about $ 34 million based on Bitcoin’s current price of about $ 80,000.

OP_CAT was included in Bitcoin’s original code of pseudonymous founder Satoshi Nakamoto, which subsequently removed it due to concern that it could expose the network to risks as an attack from denial of service (DOS).

Developers have tried to bring it back to allow Ethereum-style Smart contract functionality, thus significantly adding the tool possible on the original blockchain.

Taproot Wizards’ goal is to “meme up_cat back to existence” through initiatives such as NFT sales, says it. Last month, the project raised $ 30 million in financing to build an ecosystem of applications using OP_CAT.

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