Quantum Cats NFTs from Taproot Wizards Soar Past Technical Difficulties to Amass $11.3M in Bitcoin
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What are your thoughts on the Quantum Cats NFT sale from Taproot Wizards?
Up to now, 268.3 bitcoin, or $11.3 million at the current market value, have been successfully raised through the sale of Taproot Wizards' Quantum Cats non-fungible tokens (NFTs). This accomplishment is in spite of previous setbacks that caused technical difficulties to postpone the sale, which led to the purchase of 2,681 Quantum Cat NFTs thus far.
Before the public sale, Quantum Cats NFT Mint Raises in Over 268 Bitcoin.
Three days before the auction, on March 3, Taproot Wizards had their Quantum Cats NFT sale. Bitcoin.com News reported on the technical difficulties that caused the sale to be postponed. Before the general public got an opportunity to bid, several of these Ordinal inscription artifacts were snapped up by the time the sale began on February 5, 2023.
At first, the collection was only accessible to those on a whitelist for a predetermined amount of time before being available to the general public. 2,600 cats have been generated, according to an announcement made by the project's X account prior to the whitelist period expiring. The public mint began one hour later than the official whitelist mint, which ended at 5 p.m. Eastern Time (ET) on Monday. 2,680 of the 3,000 Quantum Cats that are planned have been produced thus far.
By the time the whitelist period finished, the sale had already raised 268.3 BTC, or $11.3 million, with each Quantum Cat priced at 0.1 BTC. There are currently a little over 300 cats still up for purchase by the general public—aside from Americans. Taproot Wizard inscriptions "are not offered to and may not be purchased by" anybody residing in U.S. territory, according the Quantum Cats selling rules.
It is unclear if the Quantum Cats NFTs would appreciate after the sale, hold onto their original value, or fall below the benchmark of 0.1 BTC on secondary markets. The sale takes place in the midst of an increase in demand for Ordinal inscriptions in the NFT market; as of right now, Bitcoin is the second-largest platform for NFT sales, having generated $2.25 billion in NFT sales volume.
So that's it !!!
