Taproot Wizards to Launch 'Quantum Cats', a $7.5M Bitcoin Art Collection

• Taproot Wizards Makes a Move with Its First Quantum Cats Collection Sale
• Exploring the Popularity of NFTs on Bitcoin
• Opposing Views on the Bitcoin Network's Functionality
• Impressive Sales and the Founders of Taproot Wizards
• First Collection Sale by Taproot Wizards
• Remembering the Bitcoin ETF Chaos on the Blockchain

Taproot Wizards Makes a Move with Its First Quantum Cats Collection Sale

The flourishing Bitcoin$42,260 -0.64% Ordinals inscriptions activity of last year allowed Taproot Wizards to raise a significant $7.5 million. The company is now advancing with their inaugural sale, releasing a collection named Quantum Cats. This unique series harbors 3,333 cats, each specifically crafted to honor a Bitcoin improvement proposal, the OP_CAT.

Exploring the Popularity of NFTs on Bitcoin

Bitcoin Ordinals inscriptions, or as some prefer to call them NFTs on Bitcoin, have witnessed a surge in popularity following their inception by Casey Rodarmor. This increased transactional activity associated with their creation resulted in an overloaded Bitcoin blockchain, subsequently causing a spike in fees.

Opposing Views on the Bitcoin Network's Functionality

Various long-standing Bitcoin contributors have proposed different measures to halt these Ordinals inscriptions, maintaining that the network should be primarily reserved for payments. However, some have refuted this argument, equating these attempts to censorship. The rise in fees, although frowned upon by some, has brought about significant profits for Bitcoin miners.

Impressive Sales and the Founders of Taproot Wizards

Three pieces from the BitcoinShrooms collection were recently auctioned at Sotheby's prestigious auction house, fetching an impressive sum of about $450,000. Taproot Wizards was created by Udi Wertheimer and Eric Wall, both boasting a strong following of more than 100,000 users on X, previously known as Twitter.

First Collection Sale by Taproot Wizards

Dan Held, fractional CMO for Taproot Wizards, informed a source via email that this is the company's first sale of a collection. The first collection to be minted was indeed Taproot Wizards, but these have yet to be listed for sale.

Remembering the Bitcoin ETF Chaos on the Blockchain

References to the Bitcoin ETF Chaos have been immortalized on the Blockchain, including the noteworthy 'Chancellor on the Brink' allusion.

Edited by Jonathan Stoker