A16z Leads $7.5M Funding Round in NFT Toy Firm OnChain Studios

Posted on by American Coins & Gold

A16z Leads .5M Funding Round in NFT Toy Firm OnChain Studios
OnChain Studios has raised $7.5 million in a seed round led by Andreessen Horowitz (a16z) to develop Cryptoys: a new non-fungible token (NFT) platform that combines digital toys and gaming.Cryptoys are interactive digital toys that consumers can buy, play with, collect and sell. They will launch soon on Flow, a blockchain designed for NFT collectibles and crypto games. Flow was developed by Dapper Labs, which also participated in the funding round alongside Draper & Associates, CoinFund, Sound Ventures, Collab + Currency and WndrCo.Cryptoys can “respond to you in a variety of ways, grow smarter, and can acquire more skills the…