On November 16, Ordinals project Taproot Wizards announced that it had successfully raised US$7.5 million, led by Standard Crypto, with participation from Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey and Newman Capital. The valuation was not disclosed. The funding will reportedly be used to rebuild Bitcoin’s “Wizard Village,” symbolizing its desire to compete with major blockchains such as Ethereum and Solana.