{"id":161100,"date":"2024-02-01T18:26:29","date_gmt":"2024-02-01T18:26:29","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=161100"},"modified":"2024-02-01T18:29:03","modified_gmt":"2024-02-01T18:29:03","slug":"bitcoin-ordinals-quantum-cats-delay","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitcoin-ordinals-quantum-cats-delay\/","title":{"rendered":"Bitcoin Ordinals Quantum Cats NFT Collection Faces Yet Another Delay"},"content":{"rendered":"<p><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">TL;DR<\/span><\/span><\/p>\n<ul>\n<li><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Taproot Wizards and &#8220;Quantum Cats&#8221;:<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> Technical problems lead to the third postponement of the sale of NFTs in Bitcoin.<\/span><\/span><\/li>\n<li><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Unexpected Demand:<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> Taproot Wizards underestimates the demand for the &#8220;Quantum Cats,&#8221; with a price of 0.1 BTC each and a potential raise of $12 million.<\/span><\/span><\/li>\n<li><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Controversy with Bitcoin Ordinals:<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> Opinions divided in the Bitcoin community about the Bitcoin Ordinals protocol and its impact on the original objectives of the network.<\/span><\/span><\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Taproot Wizards,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> the project behind <\/span><\/span><strong><a href=\"https:\/\/crypto-economy.com\/bitcoin-ordinals\/\" target=\"_blank\" rel=\"noopener\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Bitcoin Ordinals<\/span><\/span><\/a><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> has experienced <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">significant difficulties in launching its &#8220;Quantum Cats<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">&#8221; collection as NFTs on the Bitcoin blockchain.<\/span><\/span><\/p>\n<p><!--more--><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">setback<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> adds to the <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">growing attention around the integration of NFTs<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> into the Bitcoin network and the repercussions on their original objectives.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">In the <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">initial attempt to sell around 3,000 &#8220;Quantum Cats&#8221; on Monday,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> the Taproot Wizards team <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">ran into technical issues,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> resulting in the sale <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">being suspended<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> with a promise to resume 24 hours later.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">However, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">things did not go as planned<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, and the team opted to <a href=\"https:\/\/twitter.com\/QuantumCatsXYZ\" target=\"_blank\" rel=\"noopener\">postpone<\/a> the sale <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">until Thursday.<\/span><\/span><\/strong><\/p>\n<p><a class=\"twitter-timeline\" data-width=\"1200\" data-height=\"1000\" data-dnt=\"true\" href=\"https:\/\/twitter.com\/QuantumCatsXYZ?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">Tweets by QuantumCatsXYZ<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Unfortunately, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">on the eve of the resumption, they announced another delay,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> setting the new date for <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">February 5<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<h2><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This marks the third delay in the release of the Quantum Cats collection<\/span><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The collection, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">made up of 3,000 cats,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> each with a fixed price of <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">0.1 BTC,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> could theoretically raise <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">around $12 million<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, easily surpassing the <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">$7.5 million raised by the company the previous year.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Taproot Wizards<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> admitted <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">to underestimating<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> community demand for &#8220;Quantum Cats.&#8221;<\/span><\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-161102\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/02\/quntum-cats.jpg\" alt=\"Bitcoin Ordinals Quantum Cats NFT Collection Faces Yet Another Delay\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/02\/quntum-cats.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/02\/quntum-cats-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/02\/quntum-cats-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Although they claim to have corrected the problems with the <\/span><strong><a href=\"https:\/\/crypto-economy.com\/nft-lending\/\" target=\"_blank\" rel=\"noopener\"><span style=\"vertical-align: inherit\">NFT<\/span><\/a><\/strong><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> creation site<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">,<\/span><\/span><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> they acknowledge that <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">they need more time to perform additional tests and avoid the presence of unknown errors<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> on the day of the tokens creation.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The team <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">takes responsibility<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> for the build site not performing as expected, acknowledging that they could have done a better job from the start.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The Bitcoin Ordinals protocol, introduced a year ago, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">has generated mixed opinions in the Bitcoin community.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Although <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">some see it as an improvement on Bitcoin&#8217;s capabilities<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> by allowing the creation of NFTs on its blockchain, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">others,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> called Bitcoin purists, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">consider that this creates unnecessary congestion on the network and diverts attention from Bitcoin&#8217;s original purpose<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> as a peer-to-peer payment network.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Taproot Wizards difficulties<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> with <\/span><span style=\"vertical-align: inherit\">the release of &#8220;Quantum Cats&#8221; <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">include technical problems, underestimation of demand, and multiple delays<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This incident <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">reflects the broader debate within the Bitcoin community<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> regarding the integration of NFTs and their impact on the network&#8217;s original goals.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Taproot Wizards and &#8220;Quantum Cats&#8221;: Technical problems lead to the third postponement of the sale of NFTs in Bitcoin. Unexpected Demand: Taproot Wizards underestimates the demand for the &#8220;Quantum Cats,&#8221; with a price of 0.1 BTC each and a potential raise of $12 million. Controversy with Bitcoin Ordinals: Opinions divided in the Bitcoin community &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Bitcoin Ordinals Quantum Cats NFT Collection Faces Yet Another Delay\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/bitcoin-ordinals-quantum-cats-delay\/#more-161100\" aria-label=\"More on Bitcoin Ordinals Quantum Cats NFT Collection Faces Yet Another Delay\">Read more<\/a><\/p>\n","protected":false},"author":33,"featured_media":161103,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[112,84,74],"tags":[4620,4656,5001,5402],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/161100"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=161100"}],"version-history":[{"count":2,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/161100\/revisions"}],"predecessor-version":[{"id":161105,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/161100\/revisions\/161105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/161103"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=161100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=161100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=161100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}