‘Taproot Wizards’ ‘Quantum Cats’ Bitcoin NFTs Sell Out Despite Tech Delays
The inaugural “Quantum Cats” digital-art sale by Bitcoin Ordinals project Taproot Wizards saw strong uptake on Monday despite significant technical issues that caused delays last week.
All 3,000 of the NFT-like collectibles in the series were sold by the end of a public mint on Monday, priced at 0.1 BTC ($4,265) each, resulting in total revenue of nearly $13 million.
The total proceeds easily surpassed the $7.5 million raised last year from investors by Taproot Wizards. Most of the images were sold to whitelisted investors during an exclusive buying window, and 313 of them were sold out within the first two seconds of the public mint.
The Quantum Cats sale, which began last Monday, was paused due to technical problems but managed to attract collectors and speculators despite the rocky start.
Creator Casey Rodarmor launched the Ordinals protocol and its “inscriptions” in early 2023, allowing NFTs to be minted and stored on the Bitcoin blockchain.
While the Bitcoin community is divided on the potential ramifications of the surging minting activity, many crypto experts argue that it has brought a renewed energy to the pace of development on the oldest original blockchain.
UPDATE (23:55 UTC): Adds details from the public mint, including final sale amounts.
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