Taproot Wizards, a Bitcoin Ordinals project, has successfully raised $30 million in a Series A funding round. The funds will be used to develop applications based on the OP_CAT Bitcoin improvement proposal, which aims to enhance Bitcoin's scripting capabilities, enabling automated and customizable transactions. This initiative is seen as a step towards evolving Bitcoin's functionality without directly competing with Ethereum. The project is currently in development and has not yet launched its offerings in the market.