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The Bitcoin NFT world is on the verge of experiencing another landmark moment as Taproot Wizards gets ready to introduce its new batch of digital collectibles. Beginning March 25, the initiative will start selling 2,121 “magic” Bitcoin Ordinals NFTs in an eagerly awaited drop.
How the Sale Will Work
The first phase of the sale will be reserved for whitelisted buyers alone, who will get a chance to buy the NFTs at a predetermined price of 0.2 BTC per unit. After that, remaining NFTs will be sold through a Dutch auction mechanism, where prices reduce as time passes until the assets are completely sold off.
A Follow-Up to Quantum Cats
Taproot Wizards has already caused a splash in the Bitcoin NFT market. The project sold 3,000 Quantum Cats NFTs for a combined total of 300 BTC last year, and it quickly established itself as a major player in the Ordinals space. With this kind of success behind it, the next magic-themed NFT collection should prove to be highly sought after by collectors and investors.
The Growing Market for Bitcoin Ordinals
Bitcoin Ordinals have been picking up steam as more projects venture into the possibility of placing NFTs directly on the Bitcoin blockchain. Unlike conventional Ethereum-based NFTs, Ordinals take advantage of Bitcoin’s Taproot upgrade to write digital artifacts, providing better security and decentralization. Taproot Wizards has been leading the charge in this innovation, driving the increasing adoption of Bitcoin-native digital collectibles.
What to Expect Next
With the release imminent, prospective buyers and NFT collectors need to keep an eye out for further information on the sale process. Whether you’re an experienced collector or a new entrant into Bitcoin NFTs, the Taproot Wizards magic collection might be an interesting addition to your digital asset portfolio.
Will this drop equal Quantum Cats’ success? Time will tell. But one thing is for sure—Bitcoin Ordinals keep transforming the NFT space, and Taproot Wizards continues to be a dominant force in this revolution.
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