Taproot Wizards’ Quantum Cats Debut Sale Faces Technical Hiccups

On Monday, there were technical issues with the much awaited debut of Taproot Wizards’ first “Quantum Cats” Bitcoin NFT collection, which caused customers to become frustrated and unanticipatedly postpone the launch. The collection is a part of the Ordinals project. Approximately 3,000 digital cats made up the first collection, which was created as a tribute to the Bitcoin enhancement proposal OP_CAT.

Technical issues forced a postponement of the auction to the next day. It was originally scheduled to start with a two-hour “whitelist” window on Monday at 17:00 UTC. Taproot Wizards saw the tremendous amount of interest, stating, “There’s been incredible demand for the cats today, and our servers simply couldn’t handle the amount of people who were trying to mint.”

High Stakes in Quantum Cats Sale

The Quantum Cats collection was priced at 0.1 BTC ($4,300) apiece, with a possible fundraising capacity of up to 300 BTC ($12.9 million) if every cat was sold. In spite of the difficulties, over 30% of the cats were successfully minted on Monday, which translates to almost 1,000 cats and roughly 100 BTC ($4.3 million), as stated in a Taproot Wizards tweet.

Despite receiving $7.5 million in preliminary investment in November, Taproot Wizards’ Quantum Cats collection launch was not off to a good start. As the initiative entered the rapidly expanding NFT market on the Bitcoin network via the Ordinals protocol, it had raised high hopes.

Notable Success of “Genesis Cat”

The Quantum Cats series had previously had remarkable success with the sale of “Genesis Cat” on Sotheby’s auction house, despite difficulties with the inaugural sale. Earlier this month, the unique image brought in an astounding $254,000, demonstrating the increasing demand for NFTs based on Bitcoin.