ChainCatcher news, Udi Wertheimer, the advocate of OP_CAT and co-founder of Taproot Wizards, announced the upcoming launch of a new Bitcoin-native token protocol called CATNIP, based on OP_CAT recursive contracts.CATNIP allows the market to execute partial fill orders, enabling users to purchase the desired amount of tokens without needing to pre-split UTXOs. It allows for bidding, where users can specify that they want to buy a certain amount of CATNIP at a specific BTC price, and then let one or more sellers complete the transaction. As a result, the protocol will even allow for on-chain L1 AMM and liquidity pools. Due to Bitcoin's slow blocks and other issues related to transaction relay strategies, Udi believes that L1 AMM will not provide a good experience, but CATNIP will also allow for fast and secure off-chain AMM (for example, using CatVM).It is reported that CATNIP is under development and testing, and the team will launch the protocol when OP_CAT goes live on the Bitcoin mainnet.

ChainCatcher news, OP_CAT supporter and Taproot Wizards CEO Udi Wertheimer stated during an appearance on the Xverse podcast that the probability of OP_CAT being activated is "close to 100%."It is reported that the OP_CAT feature was proposed by Ethan Heilman and Armin Sabouri last October, recently launched on the Bitcoin test network Signet, and assigned the BIP-420 number, indicating that the ecosystem is seriously considering an upgrade.In addition, many well-known figures in the crypto industry, including Solana Labs co-founder Anatoly Yakovenko, have added "BIP-420" to their usernames on the X platform to show support for this upgrade. Taproot Wizards launched the Quantum Cat Ordinals series in February to promote OP_CAT. In April, Taproot Wizards released a white paper outlining a framework for building applications using OP_CAT.

ChainCatcher news, as efforts to add new features through software upgrade code continue to advance, the reputation of the Bitcoin chain as the primary network supporting digital gold may change. OP_CAT supporter and Taproot Wizards CEO Udi Wertheimer stated in an interview, "In fact, you can execute smart contracts on the Bitcoin chain that are very similar to those on other chains. Bitcoin can become more powerful. It's time to discuss actual technical upgrades."The OP_CAT feature was proposed by Ethan Heilman and Armin Sabouri in October, recently launched on the Bitcoin test network Signet, and assigned the BIP-420 number, indicating that the ecosystem is seriously considering an upgrade.Many well-known figures in the crypto industry, including Solana Labs co-founder Anatoly Yakovenko, have added "BIP-420" to their usernames on the X platform. Taproot Wizards launched the Quantum Cats Ordinals series in February to promote OP_CAT. In April, Taproot Wizards released a white paper outlining the framework for building applications using OP_CAT.

ChainCatcher news, according to CoinDesk, the Bitcoin ordinal project Taproot Wizards has postponed its "Quantum Cats" minting for the third time. The team stated that they underestimated the demand and have now fixed the minting website, but need more time for testing.Previously, Taproot Wizards postponed its "Quantum Cats" minting for the second time due to technical issues, halting the minting process on Monday. Taproot Wizards co-founder Udi Wertheimer stated that the whitelist minting will resume at 1:00 AM Beijing time on February 2, lasting for five hours.

ChainCatcher news, the Bitcoin ordinal project Taproot Wizards has postponed the minting of its "Quantum Cats" series for the second time after halting the sales process on Monday due to ongoing technical issues. Whitelist minting will resume at 1:00 AM Beijing time on February 2, lasting for five hours. Taproot Wizards raised $7.5 million in November 2023, with a focus on the rapidly growing Ordinals protocol inscription space, commonly known as "NFTs on Bitcoin."

ChainCatcher news, the Bitcoin NFT series "Quantum Cats" launched by Taproot Wizards encountered technical issues during its initial sale, leading to a postponement of the sale.The sale was planned to offer about 3,000 digital cats, aimed at paying tribute to the Bitcoin Improvement Proposal OP_CAT, and was set to begin a two-hour "whitelist" window at 1 AM Beijing time on January 30. However, due to the encountered issues, the sale was forced to be postponed as the server could not handle the immense demand.The Quantum Cats series is priced at 0.1 BTC ($4,300), which means that if each cat is sold, it could raise up to 300 BTC ($12.9 million).

ChainCatcher message, a developer from Taproot Wizards stated that he has come up with a way for Bitcoin enthusiasts to reject Ordinals inscriptions, running the script will reject any block containing inscriptions. He added, "If the majority of economically significant nodes do this, then miners will choose to build on a chain without inscriptions, or they will sell their products to a smaller market."

ChainCatcher news, Bitcoin developer Rijndael announced that he will join the Bitcoin Ordinals project Taproot Wizards as CTO.Rijndael has previously focused on distributed systems, infrastructure, and applied cryptography, and has served as the technical lead for Amazon's NFT project. In recent years, he has shifted to the Bitcoin space, focusing on the development of self-custody tools for Bitkey (a new Bitcoin wallet launched by Block).

ChainCatcher news, according to TechCrunch, the Ordinals project Taproot Wizards has raised $7.5 million in a new funding round, led by Standard Crypto, with participation from Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey, and Newman Capital. The new funds will be used to rebuild Bitcoin's "Wizard Village."Taproot Wizards is an Ordinals project focused on Bitcoin, inspired by the original Bitcoin Wizards Reddit memo from ten years ago.

ChainCatcher message, in response to Twitter user "Coinicarus" stating that Bitcoin Ordinals NFT trading volume has dropped by 98% since May, Bitcoin supporter Eric Wall replied, acknowledging that Ordinals is a huge failure and is willing to offer double refunds to everyone who purchased the Taproot Wizards project, allowing them to keep the jpeg (no need to return the NFT), and has opened DMs.It is reported that Eric Wall is one of the initiators of Taproot Wizards, which was launched in February this year and is a wizard-themed Ordinals project.