NFT gaming platform Cryptoys has raised $23 million in a Series A funding round led by venture capital firm Andreessen Horowitz (a16z).
BIG news fam!
We’ve raised a $23M round of funding from @a16z, @TimDraper, @Mattel, @coinfund_io, @sound_ventures_, @AcrewCapital, @dapperlabs, @animocabrands & others to usher in a new era for the world of toys and gaming! 🥳
More details: https://t.co/Y2BcnUMfB9
— Cryptoys (@Cryptoys) June 23, 2022
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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