Technical Issues Plague the Launch of “Quantum Cats” Bitcoin NFTs
The debut collection of Bitcoin inscriptions called “Quantum Cats” faced unforeseen technical difficulties that forced the sale to be postponed. The collection, created by Taproot Wizards to commemorate the Bitcoin improvement proposal OP_CAT, experienced server overload and frustration among users.
Sale Abruptly Pushed to Tuesday Due to Server Overload
The sale, which initially featured approximately 3,000 digital cats, began with a two-hour “whitelist” window but was abruptly pushed to Tuesday due to overwhelming demand exceeding server capacity. Taproot Wizards attributed the delay to technical issues.
Nearly 30% of Cats Minted, Generating Estimated $4.3 Million in Bitcoin
Despite the setbacks, around 1,000 cats were successfully minted on Monday, generating an estimated 100 bitcoin ($4.3 million). Each cat was priced at 0.1 bitcoin, potentially raising up to 300 bitcoin ($12.9 million) upon complete sale.
A Rocky Start for Taproot Wizards
The setback represents a rocky start for Taproot Wizards, which secured $7.5 million in seed funding last November. The company’s focus on Bitcoin inscriptions has been met with high expectations, especially after the “Genesis Cat” sold for $254,000 at a recent Sotheby’s auction.
New Minting Date Set and Transfers Confirmed
The minting date has been rescheduled for Thursday, Feb. 1, at 12pm ET, with an extended whitelist mint. Udi Wertheimer, co-founder of Taproot Wizards, reassured buyers that all transactions were secure and confirmed that everyone who initiated a transaction would receive a Quantum Cat.
An Inspiring Parallel and Confident Outlook
Reflecting on the challenges faced during the mint, Wertheimer drew inspiration from the company’s past successes and expressed confidence in delivering Quantum Cats to the world. Despite the technical setbacks, Taproot Wizards remains determined to take Bitcoin to new heights.
Hot Take: Technical Issues Delay “Quantum Cats” Bitcoin NFT Sale
The launch of the “Quantum Cats” collection of Bitcoin inscriptions by Taproot Wizards hit a snag due to technical issues, causing frustration among buyers and forcing a rescheduled sale. Despite successfully minting nearly 1,000 cats, server overload led to an unexpected delay. The setback marks a bumpy start for Taproot Wizards, but the company remains confident in the future of Bitcoin inscriptions.
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