CryptoKitties, the popular crypto game that once clogged the ethereum network, is getting an upgrade—one that will be powered by investments from some high profile tech players and crypto investors. The game developer, Dapper Labs announced Wednesday that it secured a total of $15 million in new funding bringing its total investment received this year to $27million.
The funding round was led by Venrock while tech giants Google and SamsungNEXT participated. American venture capital firm Andreessen Horowitz also added to its investment through its crypto fund, a16z. Other investors included American talent agency William Morris Endeavor and e-sports firm aXiomatic Gaming.
Roham Gharegozlou, CEO at Dapper Labs remarked:
“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.”
Dapper Lab which spun out of parent firm Axiom Zen to focus on the game had received an investment of $12 million earlier in the year. The funding round led by a16z and Union Square Ventures.
Crypto and Gaming
The investment enforces an area of the crypto space that has, more than many, appealed to the mainstream audience, the gaming sector. As Smartereum reported, a startup which was building an “eBay of crypto collectibles” got the attention of notable investors like Y Combinator, Founders Fund, Foundation Capital, Blockchain Capital, Coinbase Ventures, Chernin Group, Stable Fund, and Blockstack. It raised $2 million in May.