Taproot Wizards Set to Launch Highly Anticipated NFT Sale on Bitcoin Blockchain
Mar 13
2 min read
The Taproot Wizards project, known for its unique collection of NFTs inscribed on the Bitcoin blockchain, is gearing up for a long-awaited sale of its signature collection. Scheduled for March 25, 2025, the auction will feature 2,121 cartoon-style wizard NFTs, drawing inspiration from a popular Bitcoin meme from 2013.
Key Takeaways
Sale Date: March 25, 2025
Total NFTs: 2,121
Whitelist Price: 0.2 BTC ($16,000)
Discounted Price for Quantum Cats Holders: 0.1 BTC
Auction Format: Dutch auction for unsold NFTs
Background of Taproot Wizards
The Taproot Wizards collection was inscribed on the Bitcoin blockchain two years ago, making it one of the most anticipated NFT collections in the crypto space. The project aims to revive the OP_CAT Bitcoin Improvement Proposal (BIP), which would enhance Bitcoin's programmability and allow for more complex transactions.
Previously, the Taproot Wizards team successfully launched the Quantum Cats collection, which sold out in minutes and raised $13 million. This success has set high expectations for the upcoming sale of the Wizards.
Sale Details
The sale will commence with a whitelist phase, where eligible participants can purchase a Wizard NFT for 0.2 BTC. To qualify for the whitelist, users had to complete specific tasks, including engaging in community activities. Additionally, holders of two “entangled” Quantum Cats will be able to buy a Wizard at a discounted price of 0.1 BTC.
After the whitelist phase, any remaining NFTs will be sold through a Dutch auction, with the starting price yet to be disclosed but expected to be higher than 0.2 BTC.
The Significance of OP_CAT
The OP_CAT proposal, originally included in Bitcoin's code by its creator Satoshi Nakamoto, was later removed due to security concerns. However, many developers are advocating for its return, as it would enable Ethereum-like smart contract functionalities on the Bitcoin network. The Taproot Wizards project is at the forefront of this movement, aiming to "meme OP_CAT back into existence" through their NFT sales.
Funding and Future Plans
In February 2025, Taproot Wizards announced a successful $30 million funding round led by Standard Crypto, aimed at developing an ecosystem of applications utilizing OP_CAT. This funding is expected to facilitate the creation of new protocols and applications on the Bitcoin blockchain, potentially transforming its utility and expanding its capabilities.
As the NFT market continues to evolve, the Taproot Wizards sale represents a significant moment for Bitcoin and the broader crypto community, highlighting the growing intersection of art, technology, and finance in the digital age.
Sources
Bitcoin Ordinals Project Taproot Wizards Plans Long-Awaited Sale of Signature NFTs, CoinDesk.
Bitcoin-Based NFT Collection Taproot Wizards Reveals Public Sale, Cryptonews.
Taproot Wizards Will Finally Release Bitcoin Ordinals Collection in March, Decrypt.
Taproot Wizards Reveals Auction Date for Long-Awaited Sale of Signature NFTs, NFTgators.