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Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin Spot ETFs Attract $3 Billion in One Month

Bitcoin Spot ETFs: A New Era in Investment The recent launch of Bitcoin spot exchange-traded funds (ETFs) in the United States has ushered in a remarkable financial phenomenon, capturing the attention of investors and analysts alike. Within just a month, these pioneering investment vehicles have attracted over $3 billion in net flows, a figure that notably eclipses the initial performance of gold ETFs when they made their market debut two decades ago. This trend signals not only a shift in investor sentiment but also a redefinition of traditional asset allocation strategies. For those looking to dive deeper into this area, the Comprehensive Guide to Spot Bitcoin ETFs offers valuable insights into navigating these new financial waters. Key Highlights Impressive Net Flows : Bitcoin spot ETFs have drawn over $3 billion in net flows within their first month, demonstrating robust market enthusiasm. Comparison to Gold ETFs : This performance surpasses that of gold ETFs at their inc
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Produced by Daniel Aharonoff & Mogul Media AI

Unveiling the Evolution of Quantum Cats: Taproot Wizards' Innovative NFT Collection

Taproot Wizards, a developer paying homage to the early Bitcoin code by Satoshi Nakamoto, is set to launch a new collection of NFTs on the Bitcoin blockchain. The collection, known as Quantum Cats Ordinals, is a unique offering that ties back to the OP CAT op code in Bitcoin's genesis. Here are the key points surrounding this innovative project:

OP CAT and Bitcoin Improvement Proposal (BIP)

  • OP CAT, short for "concatenate," was originally introduced by Satoshi in the early days of Bitcoin but later disabled.
  • The OP CAT BIP facilitates the creation of covenants, enabling the development of smart contracts and bridges on the Bitcoin network.
  • The potential of making Bitcoin quantum-resistant through OP CAT inspired the naming of the collection as Quantum Cats.

Quantum Cats Collection

  • The Quantum Cats collection consists of 3,333 cat images minted using Ordinals Inscriptions.
  • Costing $66,000 to create, the collection utilized a technique called Evolving Inscriptions to imbue the cats with multiple evolutions over time.
  • Despite the significant cost, the collection boasts 10MB of encrypted on-chain data, surpassing the regular Bitcoin block capacity of 1MB.

Evolutionary Process

  • The encrypted data ensures that the future evolutions of the cats remain hidden until they are revealed.
  • All evolutions were predetermined and committed to on-chain, meaning that once inscribed, the evolution process is immutable.
  • Taproot Wizards emphasized that the evolution of the cats is entirely transparent and irreversible post-inscription.

Genesis Cat Auction

  • A special edition of the Ordinal collection, titled "Genesis Cat" by digital artist FAR, is currently up for auction at Sotheby's until January 22.
  • This unique NFT offering showcases the creativity and innovation behind the Quantum Cats project, bridging art and blockchain technology seamlessly.

In summary, the launch of the Quantum Cats Ordinals collection by Taproot Wizards exemplifies the fusion of art, technology, and blockchain advancements. The meticulous planning and execution of the project underscore the commitment to transparency and innovation within the NFT space.

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