Third Delay for 'Quantum Cats' Amidst Taproot Wizards' Mint Site Repair & Testing

Jonathan Stoker Feb 01, 2024, 18:20pm 143 views

Third Delay for 'Quantum Cats' Amidst Taproot Wizards' Mint Site Repair & Testing

Bitcoin Ordinals Project Taproot Wizards Experiences Delays in Launching Quantum Cats Collection

The BitcoinBitcoin$42,260 -0.64% Ordinals initiative Taproot Wizards has delayed the launch of its Quantum Cats collection for the third time, marking more setbacks for the much-anticipated project. The scheduled sale of the NFT-style digital artwork series was affected by technical difficulties on Monday, leading Taproot to halt operations and reschedule the launch for 24 hours later. This plan, however, was quickly discarded, and the sale was postponed until Thursday. Nevertheless, another delay was made public late Wednesday, pushing back the sale until February 5.

Quantum Cats Offering Could Raise Considerable Funds

About 3,000 of the Quantum Cats are set to be sold at a fixed price of 0.1 BTC each. This means that the sale could potentially garner around $12 million, a sum that could easily dwarf the $7.5 million of investor capital that Taproot Wizards accumulated last year.

Taproot Wizards Recognizes Underestimation of Demand

Taproot Wizards expressed that they had underestimated the community's enthusiasm for purchasing the Quantum Cats. The Quantum Cats team acknowledged in a post on X that while the issues with the minting site had been resolved, additional testing was necessary to ensure that no other unknown bugs surface on mint day. The minting website did not perform to the expected standards, which the team accepted as a problem they should have resolved earlier.

Reactions to Bitcoin Ordinals Protocol

The Bitcoin Ordinals protocol sparked considerable conversation when it was unveiled a year ago, receiving both praise and criticism. The protocol allows for NFTs to be created and stored on Bitcoin's blockchain in a manner similar to other chains, such as EthereumEthereum$2,315 -2.42%, providing a utility that was previously absent.

Some Bitcoin purists, however, viewed Ordinals as a cause of unnecessary network congestion, arguing that it detracted from the original blockchain's primary goal of being a peer-to-peer payments network.

Casey Rodarmor: The Bitcoin Artist

Edited by Jonathan Stoker

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