OnChain Studios raised a seed round of $7.5 million to create digital assets for games and other experiences.
OnChain Studios, a virtual toy company, has acquired an amazing $7.5 million in early investment, which they will use to create their flagship virtual pets, Cryptoys.
Andreessen Horowitz (a16z) is leading the round of funding, with additional backing from Dapper Labs, CoinFund, Sound Ventures, and others. With the funds obtained, the investors will supervise the production of OnChain Studios’ first batch of NFT collectibles.
Cryptoys are a new breed of virtual pets that may be found on Dapper Labs’ FLOW blockchain. Owners may engage with their furry pals to level up and acquire new talents once the game is released. Each pet and its owner create an interactive link, allowing them to engage in a variety of games and activities.
The Cryptoys will have its own metaverse called the Cryptoverse, which will be filled with a colorful assortment of fun and activities to keep even the most dedicated fans entertained. Owners may also customize their virtual counterparts with a variety of clothing and accessories. As a result, the event will have a personal touch.
Cryptoys is more than simply a game; it’s a project that aims to “empower, educate, and delight the future generation of collectors.” The project is now in BETA testing, with the next round of development expected to begin shortly.
Click here to visit Cryptoys.