Taproot Wizards Has Revealed the Auction Date for the Much-Awaited Signature NFTs “magic Internet JPEGs”

According to the report by CoinDesk, the project will auction 2,121 NFTs on March 25, with the initial offer made to buyers on a waitlist

The Taproot Wizards project has announced the upcoming auction date for its much-awaited Signature NFTs, which are also known as "magic internet JPEGs".

According to the report by CoinDesk, the project will be auctioning 2,121 NFTs on March 25, with the initial offer made to buyers on a waitlist, and any Wizards not taken will be sold in a Dutch auction.

The project, which is known for its Microsoft Paint-style cartoon wizards, had the NFTs inscribed on the Bitcoin blockchain two years ago. Last year, the project also sold a collection of 3,000 "Quantum Cats" for $13 million, which was earmarked to raise support for the Bitcoin improvement proposal OP_CAT.

The short form for OPcode Concatenate or OP_CONCAT, which Taproot Wizards co-founder Udi Wertheimer describes as simple scripting for Bitcoin to enable automated and customizable transactions, has been the subject of a concerted campaign by the project.

This was furthered last month when the project secured $30 million in ecosystem funding to support projects building OP_CAT. Standard Crypto led the funding round for Taproot Wizards, with Cyber Fund, Collider Ventures, Geometry, Masterkey VC, and Newman Capital also participating.

Wertheimer has previously highlighted the strength of OP_CAT’s ‘flexibility’.

“What I expect is that people are going to create tons of new protocols. Instead of having Ordinals and BRC20s, once per quarter, a new protocol like that shows up like the heydays of Ethereum or Solana, where people create new protocols on a daily basis.”

His project has been trying to meme OP-CAT into popularity and is using NFT sales to ramp up the campaign.