Taproot Wizards, the Bitcoin-based project, faced a setback as technical issues forced the postponement of the much-anticipated mint for its Quantum Cats NFT Collection. The project had originally planned to sell 3,000 NFTs at a price of 0.1 BTC per piece, amounting to approximately $4,321. However, the minting process was halted after 30% of the Cats were sold and paid for during the two-hour whitelist period.
In response to the mishap, Taproot Wizards rescheduled the whitelist minting for January 30, 2024, from 12:00 PM to 2:00 PM ET, with the public mint starting at 3:00 PM ET. The company took full responsibility for the technical difficulties and assured those who made payments on Monday that they would receive their Quantum Cats on Tuesday. Additionally, the whitelists who were unable to mint during the initial phase would be granted a second chance.
Taproot Wizards, known for its innovative projects, including the popular Ordinals, had generated significant hype and expectations for the Quantum Cats NFT collection. The overwhelming demand resulted in the company’s servers struggling to handle the influx of users attempting to mint the NFTs. In an apology statement, the Quantum Cats account acknowledged the high demand and expressed sincere remorse for the inconvenience caused.
The delay in minting represents a minor setback for Taproot Wizards, which recently raised $7.5 million in funding led by Standard Crypto. The company aims to reintroduce a sense of magic to Bitcoin by fostering a culture of blockchain-based innovation. Taproot Wizards’ main project, featuring 2,121 Wizards, has achieved considerable success, with only a small percentage of the Wizards remaining available for distribution.
Despite the technical challenges, Taproot Wizards remains committed to providing a positive user experience and meeting the demand for its NFT collections. As the whitelist minting resumes and the public mint kicks off, the project continues to engage individuals with a mission and a passion for blockchain technology, emphasizing substance over mere digital representations. Stay updated with Taproot Wizards’ latest developments by subscribing to their newsletter.
TAPROOT WIZARDS’ QUANTUM CATS NFT COLLECTION
FAQ
1. What is Taproot Wizards’ Quantum Cats NFT Collection?
Taproot Wizards is a Bitcoin-based project known for its innovative blockchain-based projects. The Quantum Cats NFT Collection is one of their popular projects, featuring 3,000 unique non-fungible tokens (NFTs) that were originally planned to be sold for 0.1 BTC per piece.
2. Why was the minting process for the Quantum Cats NFT Collection postponed?
The minting process was halted after 30% of the Quantum Cats were sold and paid for during the whitelist period due to technical issues. The company’s servers struggled to handle the high demand and influx of users.
3. Has the whitelist minting been rescheduled?
Yes, Taproot Wizards rescheduled the whitelist minting for January 30, 2024, from 12:00 PM to 2:00 PM ET. The public minting will start at 3:00 PM ET.
4. What will happen to those who made payments during the initial phase?
Taproot Wizards has taken full responsibility for the technical difficulties and assured those who made payments on Monday that they will receive their Quantum Cats on Tuesday. The company is committed to providing a positive user experience.
5. Will those who were unable to mint during the initial phase get a second chance?
Yes, the whitelists who were unable to mint during the initial phase will be granted a second chance to participate in the minting process.
6. What caused the delay in minting?
The delay in minting was caused by the overwhelming demand for the Quantum Cats NFT Collection, resulting in Taproot Wizards’ servers struggling to handle the influx of users.
7. How can I stay updated with Taproot Wizards’ latest developments?
You can stay updated with Taproot Wizards’ latest developments by subscribing to their newsletter.
Key Terms/Jargon
– NFT: Non-fungible token, a type of digital asset that represents ownership or proof of authenticity of a unique item or piece of content.
– Minting: The process of creating new NFTs.
– Whitelist: A list of individuals who have been granted permission to participate in a specific event or sale.
Related Links
– Taproot Wizards Official Website
The source of the article is from the blog tvbzorg.com