• NFT Toys receives $7.5 million in seed funding from OnChain Studios

  • OnChain Studios, a virtual toy manufacturer, has raised an incredible $7.5 million in seed funding and will use this capital to launch their flagship virtual pets, Cryptoys.

    Andreessen Horowitz (a16z) led the round of funding, with additional contributions from Dapper Labs, CoinFund, Sound Ventures, and others. With the funds raised, the investors will oversee the creation of OnChain Studios’ first set of NFT collectibles.

    Cryptoys are a new breed of virtual pets that live on Dapper Labs’ FLOW blockchain. Owners can interact with their furry friends to level up and learn new skills once the game is launched. Each pet develops an interactive bond with its owner, allowing them to participate in a variety of games and activities.

    The Cryptoys will live in their own bespoke metaverse called the Cryptoverse, which will feature a colorful array of fun and games to keep even the most ardent fans entertained. Owners can also customize their virtual counterparts with a variety of wearables and accessories. As a result, the experience gains a personal touch.

    Cryptoys is more than just a game; it aims to “empower, educate, and entertain the next generation of collectors.” The project is currently in BETA testing, with the next stage of development expected to begin soon.

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