CryptoKitties attracted $12 million from large venture investors

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CryptoKitties attracted $12 million from large venture investors

Creators of CryptoKitties game reported about a successful completion of the first round of venture financing within which $12 million had been gathered.

Andreessen Horowitz and Union Square Ventures venture companies have headed the round. Digital Currency Group, the founder of AngeList Nawal Ravinkat, the co-founder of Coinbase Fred Ehrsam and others were also among investors of the project.

The raised funds will go for the expansion of the CryptoKitties team.

“We consider that cryptogames have more prospects, than cryptocurrencies. The ERC-721 standard used by us during the creation of CryptoKitties is more actively aimed at innovations, than ERC-20. It we will prove it in 2018 when we bypass last year’s indicators of ERC-20 with all its ICO and new cryptoprojects.”

— CryptoKitties developers stated.

In the nearest future the team of the project intends to increase network of a game up to 1 billion participants.

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