Cryptoys raises $23M in funding to build NFTs for kids
Cryptoys is raising multi-million dollars to develop an NFT toy firm that will introduce younger users to digital ownership and NFT mechanics. The platform, which will be publicly available in the next months, will include cuddly big-eyed animal figures with caps, sunglasses, and cryptographically guaranteed uniqueness. Cryptoys has raised $23 million in funding recently. While transaction volume hasn't slowed considerably in recent months, the dollar amount spent in the industry has been in free fall as cryptocurrency values have undergone a record plunge. Given this context, it may not appear to be the greatest moment to establish an NFT platform, let alone one aimed toward children. Nonetheless, NFT startup Cryptoys is seeking tens of millions of dollars in order to establish a blockchain-based toy firm that can introduce younger users to the concepts of digital ownership and NFT mechanics. The platform, which will be publicly available in the next months, will includ...