By Nancy Dahlberg
What would the concept of play look like in a web3 world? We’re about to find out.
OnChain Studios, makers of Cryptoys, an NFT-native toy, gaming and entertainment universe, announced today it has closed a $23 million Series A funding round led by a16z crypto. Participants in the round include Draper & Associates, Acrew Capital, CoinFund, Animoca Brands, Sound Ventures, Dapper Labs, Mattel – and a strong homegrown Miami group of investors with Miami Angels, Flamingo Capital, Adriana Cisneros and Mark Kingdon.
The funding comes on the heels of another big announcement from this Miami-based tech startup. Two weeks ago, OnChain Studios announced that it has entered a global, multi-year partnership with Mattel to bring its iconic toys into an expansive ,playable metaverse.
The double helping of big news is the lead-up to the Cryptoys platform launch later this summer, ushering in a new era for the toy and game industry on the Flow blockchain, says OnChain Studios...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...