According to Axiom Zen’s announcement yesterday, Ethereum-based crypto cat game CryptoKitties will split into its own company from its creator, Canadian blockchain startup Axiom Zen, after raising $12 million in its first venture capital fund. Private venture capital firm Andreessen Horowitz, whose portfolio includes various technology companies such as Coinbase, Twitter, Facebook and Airbnb, and Union Square, an investment bank with shares in Coinbase and numerous other large technology companies, led the investment tour.
Axiom. Roham Gharegozlou, CEO of Zen and CryptoKitties, said he plans to use the funds to grow his team.. “We are very excited about CryptoKitties and the potential of crypto collectibles,” Gharegozlou told Business Insider. He said.
They sold virtual kitty for $110,000
The Ethereum-based application, which gained great popularity after its launch in December 2017, created unique digital cats built on users’ ERC-721 tokens. allows you to buy, collect, produce and exchange. The intense interest in the application created congestion on the Ethereum network and resulted in the delay of the token sale.. Users of the game have sold $23.2 million on the game since its inception, and the kitties have changed hands 331,269 times.. The highest amount ever paid for a kitty has been $110,000.
Meanwhile, among CryptoKitties’ angel investors, Coinbase co-founder Fred Ehrsam, AngelList CEO Naval Ravikant, and Zynga founder Featuring Mark Pincus.