Cryptokitties, which is like Beanie Babies on the blockchain, just got $12 million from Andreessen Horowitz
- Cryptokitties, one of the first successful games on blockchain, just raised $12 million from investors at Andreessen Horowitz and Union Square Ventures.
- The game, which was developed as part of a development studio, is breaking off as its own company thanks to the funding.
- Cryptokitties lets users buy, sell, and "breed" digital cats which people collect for fun, just like they would baseball cards or Beanie Babies.
Cryptokitties captured the hearts of Ethereum enthusiasts with its adorable digital collectibles. Now, it's captured $12 million from venture capitalists who believe it can turn into a profitable company.
The funding is led by Fred Wilson at Union Square Ventures and Chris Dixon at Andreessen Horowitz, the famed venture capital firm that's made early investments in companies like Coinbase, Twitter, and GitHub.
Cryptokitties launched in November 2017 as a project inside of Axiom Zen, a Vancouver-based studio. With its series A, Cryptokitties will spin off into its own company.
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