Bitcoin Ordinals project Taproot Wizards held its first ever digital art “Quantum Cats” sale on Monday, despite major technical issues causing the scheduled mint to be delayed three times last week. , gained solid support.
There are nearly two hours left until whitelisted buyers can claim their NFT-like goods, with at least 2,570 of the 3,000 series to be claimed at a fixed price of 0.1 BTC ($4,274 each). , total revenue was approximately $11 million.
Such proceeds would already exceed the $7.5 million Taproot Wizards raised from investors last year amid a wave of enthusiasm for the Ordinals inscription, also known as the “Bitcoin NFT.” The remaining items will go on sale to the public later on Monday, when the whitelist period ends.
The Quantum Cats sale began last Monday but was paused due to technical issues preventing buyers from completing their purchases, causing frustration and widespread complaints on the project’s Discord channel.
“We knew the demand was high,” Wertheimer told CoinDesk in a Telegram chat on Monday. “Today, we are excited to provide a seamless experience for our community.”
He said the quantity allotted to whitelisted purchasers is nearly sold out and declined to provide specific numbers, but said there will be some available to the “Public Mint” scheduled to begin at 6 p.m. ET. There is space,” he said.
The Ordinals protocol and its “Inscription”, launched in early 2023 by creator Casey Rodarmor, effectively allow NFTs to be minted and stored on the Bitcoin blockchain.
While the Bitcoin community is somewhat divided over the potential impact of the surge in minting activity, which sometimes causes congestion on the network and drives up fees, many crypto experts believe this trend is claims to have brought new energy to the pace of development. The oldest original blockchain.