Taproot Wizards Delays 'Quantum Cats' for 3rd Time as Mint Site Gets Fixed, Tested

Taproot Wizards struggled with technical issues during Monday's initial attempt to sell about 3,000 of the "NFTs on Bitcoin." The team says they underestimated demand, and says the minting site is now fixed but needs more time for testing.

AccessTimeIconFeb 1, 2024 at 4:15 p.m. UTC
Updated Mar 9, 2024 at 2:15 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Bitcoin Ordinals project Taproot Wizards delayed the mint of its "Quantum Cats" collection for a third time, in a further embarrassment for the high-profile effort.

After the scheduled sale of the NFT-like digital art series was marred by technical issues on Monday, Taproot paused proceedings with a promise to resume 24 hours later. However, the plan was quickly abandoned in favor of delaying the sale until Thursday. But late Wednesday, on the eve of the resumption, another postponement was announced, until Feb. 5.

Some 3,000 of the cats are up for sale, for a fixed price of 0.1 BTC each, so the offering theoretically could raise about $12 million – enough to easily exceed the $7.5 million of investor money that the company raised last year.

Taproot Wizards says it underestimated demand from the community to purchase the Quantum Cats. In a post on X, the Quantum Cats handle wrote that the "issues" with the minting site had been fixed, but more time is needed for additional testing "to make sure we don’t discover any other unknown bugs on mint day."

"The mint website simply didn’t perform as well as it should have," according to the post. "Ultimately that’s our responsibility and we should’ve done a better job getting this right the first time."

The Bitcoin Ordinals protocol created quite the stir after its introduction a year, both good and bad. Effectively allowing NFTs to be minted and stored on Bitcoin's blockchain in a similar way to other chains like Ethereum introduced a utility that had previously been lacking.

However, for some Bitcoin purists, Ordinals simply created unnecessary congestion on the network – and served to distract from the original blockchain's original stated mission to be a peer-to-peer payments network.


Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.