The Bitcoin Ordinals project, known as Taproot Wizards, has recently secured $7.5 million in seed funding in a round led by venture capital firm Standard Crypto. This investment showcases the growing interest and support for the project, with contributions from Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey, and Newman Capital, among others.
Taproot Wizards describes itself as “magic internet JPEGs” and aims to restore the enchantment of Bitcoin. Spearheaded by Bitcoin educators and social media influencers Udi Wertheimer and Eric Wall, who made waves at the Bitcoin 2023 conference in Miami by donning wizard costumes, the project offers a unique collection of digital art pieces in the form of wizards, harkening back to an old meme in the Bitcoin community that humorously refers to Bitcoin as “magic internet money.”