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a16z leads Cryptoys NFT platform funding round

NFT gaming platform Cryptoys has raised $23 million in a Series A funding round led by venture capital firm Andreessen Horowitz (a16z).

Dapper Labs, Draper & Associates, CoinFund, Animoca Brands, Sound Ventures and other investors also participated in the round.

Cryptoys uses the raised funds to create a game universe based on NFT and release an animated series. In the near future, the team plans to introduce three characters from the series.

According to a press release, the startup raised $7.5 million in October 2021 led by a16z. CoinFund is also an early investor.

At the end of May, a16z raised $4.5 billion in a new fund focused on games, non-fungible tokens and other cryptocurrency startups.

The venture capital firm previously launched a $600 million fund focused on “game infrastructure and metaverse technologies.”

Recall that on June 21, Uniswap Labs announced the purchase of a marketplace aggregator of non-fungible Genie tokens.

Solana-based non-fungible token marketplace Magic Eden has raised $130 million from Electric Capital and Greylock Partners, while eBay has taken over NFT platform KnownOrigin.

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My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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