a16z leads $23 Million financing round for non-fungible token(NFT)  gaming platform Cryptoys

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a16z leads   <b>Million</b>  financing round for  non-fungible token(NFT)  gaming platform Cryptoys

Cryptoys, an NFT-native , announced Thursday that it has closed a $23 Million Series A, along with parent company OnChain Studios, led by Horowitz.

Mattel, Dapper , Draper & , Acrew Financial , CoinFund, Animoca Brands, and Sound likewise participated in the round.

The company intends to use the to build an NFT- gaming universe that will enable users to interact with collectible toys and play-and-earn games. It likewise intends to release an original animated series. The firm has partnered with toy manufacturer Mattel to develop digital toys that attract its of toy brands to the Flow .

the platform launches later this summer, the company intends to introduce 3 signature characters from its original series.

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