Taproot Wizards’ Latest Bitcoin NFTs See 100% Increase in Trading Value
Investors who purchased the newly released “Quantum Cats” NFT-style images from the Bitcoin Ordinals project Taproot Wizards were already reselling them on Tuesday at more than double the initial purchase price – indicating a sustained interest in digital art registered on the original blockchain.
On Tuesday, the lowest price for Quantum Cats listed on the NFT marketplace Magic Eden was 0.243 BTC ($10,481), compared to the fixed price of 0.1 BTC each during the primary mint that ended on Monday.
This week’s outcomes have demonstrated a continued interest from buyers, surpassing the $7.5 million raised by the Taproot Wizards team, led by Udi Wertheimer and Eric Wall, from investors last year.
The project has utilized the growing excitement surrounding the Ordinals’ inscriptions, often compared to “NFTs on Bitcoin.”
In the beginning of 2023, Casey Rodarmor unveiled the Ordinals protocol, enabling the generation and preservation of NFTs directly within the Bitcoin blockchain.
Source link
#Taproot #Wizards #Bitcoin #NFTs #Double #Trading
