Bitcoin's Taproot Wizards project, driven by the Bitcoin Ordinals initiative, has secured a significant $7.5 million funding from venture capital firm Standard Crypto. This project, co-founded by Udi Wertheimer and Eric Wall, is motivated by a vintage Bitcoin wizard meme from Reddit, dating back over a decade. The initiative seeks to redefine Bitcoin's blockchain technology.
A diverse consortium of investors, including Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey, and Newman Capital, has contributed to this funding round. The investment is designated for developing a "wizard village," a concept designed to position Taproot Wizards as a formidable competitor to established blockchains like Ethereum and Solana. Co-founder Eric Wall focuses on pioneering innovative ways to engage with
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First found on: Taproot Wizards Project Secures $7.5 Million
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