Successful Blockchain Crypto Collectible dApp Game CrytpoKitties Secures $15 Million
CryptoKitties, a virtual game platform based on the blockchain, has recently raised $15 million. The financing venture was managed by Venrock and other participants included GV and Samsung NEXT. The funds raised will establish the company’s subsidiary in the United States and also e used to hire US executives.
The platform was also able to raise $12 million at a previous funding round. The main funders included Andreesen Horowitz, Union Square Ventures, Fred Ehrsam, and many others. Concerning this round, Dapper Labs announced that it will use the funding to take the platform worldwide. According to the platform’s CEO Roham Gharegozlou,
“The evolution of true digital ownership and the interoperability of smart contracts creates new ways for consumers, creators, and platform providers to interact completely peer-to-peer, with no middlemen. Our mission at Dapper Labs is to use games and entertainment to bring the values of decentralization to billions of consumers worldwide. This round of financing was about getting the right partners around the table to bring compelling content to the blockchain – and make sure usability and infrastructure allow for adoption by mainstream consumers.”
The platform has also received a lot of attention and at this point, there are many investment firms that are interested as well. According to David Pakman, Venrock’s General Partner,
“The team at Dapper Labs impressed us with their vision. More than any other company in the industry, they truly understand the aim to reach the mainstream consumer. The blockchain will usher in an industry of scarce digital assets and will enable new types of self-expression. Combined with the transition from centralized to peer-to-peer commerce, this will unlock trillions of dollars in value for consumers.”
The platform handles 3.2 million transactions worth millions of dollars. It has reached the level of being the most-used consumer blockchain application. Right now, the platform appeals to a widespread audience and has low entry to the blockchain. The platform also has a burgeoning YouTube channel that is quite interesting to view.