Taproot Wizards raises $7.5M for its Ordinals project to bring the ‘magic’ back to Bitcoin
https://techcrunch.com/2023/11/16/taproot-wizards-bitcoin-ordinals/
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Though Bitcoin is considered to be the grandfather of crypto, it’s not always talked about for its innovation or pushing the envelope. Some want it to stay that way, but not everyone.
Taproot Wizards, a Bitcoin-focused Ordinals project that was inspired by the original Bitcoin wizard Reddit meme from a decade ago, is trying to change the way the blockchain is perceived. The project has raised $7.5 million in a round led by Standard Crypto, Taproot Wizards co-founders Udi Wertheimer and Eric Wall shared exclusively with TechCrunch+. They declined to disclose a valuation.
“We’ve been in Bitcoin for over a decade. We have these memories of how Bitcoin was. It was very experimental, but it changed,” Wertheimer said. “We want to bring back the culture of building on Bitcoin and make it magical again.”
Other investors include Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey and Newman Capital. The money will be used to rebuild Bitcoin’s “wizard village,” which symbolizes the ecosystem’s desire to compete with other major blockchains like Ethereum and Solana. “We want to enable or introduce a new way of being a Bitcoiner,” Wall said.
Taproot Wizards, a Bitcoin-focused Ordinals project that was inspired by the original Bitcoin wizard Reddit meme from a decade ago, is trying to change the way the blockchain is perceived. The project has raised $7.5 million in a round led by Standard Crypto, Taproot Wizards co-founders Udi Wertheimer and Eric Wall shared exclusively with TechCrunch+. They declined to disclose a valuation.
“We’ve been in Bitcoin for over a decade. We have these memories of how Bitcoin was. It was very experimental, but it changed,” Wertheimer said. “We want to bring back the culture of building on Bitcoin and make it magical again.”
Other investors include Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey and Newman Capital. The money will be used to rebuild Bitcoin’s “wizard village,” which symbolizes the ecosystem’s desire to compete with other major blockchains like Ethereum and Solana. “We want to enable or introduce a new way of being a Bitcoiner,” Wall said.