Bitcoin Proposal Boosted by $30M Fundraise

Taproot Wizards Raises $30M for Bitcoin OP_CAT Development

• Taproot Wizards raised $30 million to develop applications using the OP_CAT Bitcoin improvement proposal.
• OP_CAT was originally included by Bitcoin’s founder, Satoshi Nakamoto, but later removed due to security concerns.
• The proposal aims to introduce Ethereum-like smart contract functionality to Bitcoin through “covenants.”
• A collection of 3,000 NFT-like digital art pieces called “Quantum Cats” supported the initiative.
• The funding round was led by Standard Crypto.

Taproot Wizards secured $30 million in funding to advance the OP_CAT proposal, which could enhance Bitcoin with smart contract capabilities similar to Ethereum. The initiative was bolstered by selling “Quantum Cats” digital art and received backing from Standard Crypto.