• Latest
Google and Samsung: Cute Cats Power Serious $15 Million CryptoKitties Round

Google and Samsung: Cute Cats Power Serious $15 Million CryptoKitties Round

November 1, 2018
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

Google and Samsung: Cute Cats Power Serious $15 Million CryptoKitties Round

coinnewsdaily by coinnewsdaily
November 1, 2018
in Business
0
Google and Samsung: Cute Cats Power Serious $15 Million CryptoKitties Round
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

The company behind the viral blockchain phenomenon CryptoKitties is planning to enhance its platform – and it’s received backing from some major tech firms to do it.

Announced Wednesday, Dapper Labs, the startup that spun out of parent firm Axiom Zen to continue working on CryptoKitties, has secured $15 million in funding. The round was led by Venrock and was joined by Google Ventures, SamsungNEXT and Andreessen Horowitz (a16z), as well as names not normally associated with venture investing, such as the talent agency William Morris Endeavor and e-sports firm aXiomatic.

The new funding comes months after Dapper Labs secured $12 million in a round led by a16z and Union Square Ventures.

In an interview with CoinDesk, Venrock partner David Pakman struck a bullish tone on what he sees as a massive collectibles market being created in the digital world.

“For the first time we can make scarce digital items, and I think that can usher in a mega-market of digital collectibles,” Packman argued.

While Venrock is not known as a blockchain or crypto-focused investment company, Pakman sees CryptoKitties as a specific case wherein blockchain can allow people to do something online that so far they have only done offline: collect rare (or scarce) things.

“I look for activities that consumers are already doing in very large numbers and then look for the digital equivalent,” he explained.

No stranger to digital intellectual property, prior to Venrock, Pakman led eMusic, a pioneering company in digital music sales. Dieter Shirley – Dapper’s chief technical officer and the author of the ERC-721 token standard on which the crypto collectable economy operates – said that his startup was especially happy to work with Pakman as it needed guidance as it looks to grow from a small startup team to a much larger company.

With $27 million in new funding so far this year, all signs point to Dapper Labs being on the cusp of a new release.

Shirley declined to give any details about what’s to come, but he did say something should come in the next weeks – not months. To that end, the company has put up a teaser page on its website, and one of their engineers shared it in the stream of tweets surrounding Devcon, the ethereum developers conference taking place in Prague right now.

With a possible eye to the future, Shirley said that originally run CryptoKitties would no longer be regularly released at the end of November.

Indeed, he indicated that the company is looking to leverage its latest funding round to build interesting new experiences for users of decentralized apps.

Shirley told CoinDesk:

“Ultimately, our mission here is to bring a billion people to the blockchain. We think blockchain has real value for consumers but we’re never going to get them to see that value by explaining it.”

Games are coming

CryptoKitties is itself a game, but it’s a low-intensity one wherein collectors can create new characters from the CryptoKitties they already possess.

It’s not difficult to read the tea leaves around the company’s recent news to see that something more energetic is coming, something a lot more like a traditional gaming experience.

“We have a lot more experiences and plans for CryptoKitties and their users,” Shirley said.

Among the other indications that games will form a bigger part of their plans going forward: new hires from companies like Ubisoft, Zynga and EA Sports – all major firms that have built huge followings around their interactive properties.

One of the advantages of creating a decentralized system is that other teams can start building on top without asking for permission.

Shirley pointed to some of these examples as proof of the success of the game. Take for instance, the site that lets users dress up their cats, KittyHats. And this past summer, the CryptoKitties team updated its licenses to clarify the rights held by owners of particular cats.

That said, CryptoKitties wants to participate in building these new experiences.

“The sky’s the limit. CryptoKitties are characters,” Shirley said.

Building out

Dapper Labs’ new funding will also support the creation of a U.S. subsidiary for the Canadian company.

On top of that, Shirley spoke broadly of opportunities with brands in an effort to open up additional avenues for business.

“There’s tons of IP brands that would love to issue digital collectibles,” Pakman said.

Companies that have already done really well in physical collectibles, he said, have been waiting for a way to do it right online.

“The evolution of true digital ownership and the interoperability of smart contracts creates new ways for consumers, creators and platform providers to interact completely peer-to-peer, with no middlemen,” explained Dapper Labs’ CEO Roham Gharegozlou in a statement.

Shirley said that the work Dapper would do with a brand would vary a lot, depending on the partner. He gave the example of the National Basketball Association – in that case, the basketball league would probably look to Dapper to build most of the experience.

On the other hand, if it worked with a gaming giant like Ubisoft, Dapper might be called on to build a much more narrow part of the overall specification.

Regardless, Shirley believes more and more opportunities will arise as the younger generations get older and experience more of their upbringing online.

He told CoinDesk:

“The generation growing up now is the first one that has more relationships through digital means rather than physical means.”

Disclosure: This reporter owns five CryptoKitties – two of them are expecting.

CryptoKitties image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.



Credit: Source link

Tags: BusinessCryptoCrypto Business
Share76Tweet48
Previous Post

Hong Kong’s Securities Watchdog to Regulate Crypto Funds

Next Post

Aiming to Disrupt the Betting and Gaming Market

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
Aiming to Disrupt the Betting and Gaming Market

Aiming to Disrupt the Betting and Gaming Market

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,747.003.26%
  • ethereumEthereum(ETH)$1,644.154.81%
  • tetherTether(USDT)$1.00-0.07%
  • binancecoinBNB(BNB)$317.924.16%
  • rippleXRP(XRP)$0.4144151.30%
  • cardanoCardano(ADA)$0.3964313.90%
  • dogecoinDogecoin(DOGE)$0.0901482.71%
  • matic-networkPolygon(MATIC)$1.172.28%
  • okbOKB(OKB)$39.792.46%
  • solanaSolana(SOL)$26.3210.10%
  • polkadotPolkadot(DOT)$6.614.07%
  • shiba-inuShiba Inu(SHIB)$0.0000122.41%
  • litecoinLitecoin(LTC)$96.098.32%
  • tronTRON(TRX)$0.0639031.36%
  • daiDai(DAI)$1.000.01%
  • cosmosCosmos Hub(ATOM)$13.815.43%
  • chainlinkChainlink(LINK)$7.382.81%
  • leo-tokenLEO Token(LEO)$3.69-2.09%
  • moneroMonero(XMR)$185.860.26%
  • ethereum-classicEthereum Classic(ETC)$22.594.48%
  • bitcoin-cashBitcoin Cash(BCH)$136.874.15%
  • stellarStellar(XLM)$0.0942881.68%
  • crypto-com-chainCronos(CRO)$0.0824811.93%
  • filecoinFilecoin(FIL)$5.505.34%
  • algorandAlgorand(ALGO)$0.2612722.12%
  • vechainVeChain(VET)$0.0245101.76%
  • internet-computerInternet Computer(ICP)$6.213.61%
  • aaveAave(AAVE)$87.764.79%
  • eosEOS(EOS)$1.112.07%
  • elrond-erd-2MultiversX(EGLD)$45.121.65%
  • theta-tokenTheta Network(THETA)$1.113.32%
  • tezosTezos(XTZ)$1.166.09%
  • paxos-standardPax Dollar(USDP)$1.000.39%
  • bitcoin-cash-svBitcoin SV(BSV)$44.292.31%
  • huobi-tokenHuobi(HT)$5.140.78%
  • havvenSynthetix Network(SNX)$2.481.62%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.123.35%
  • iotaIOTA(MIOTA)$0.2404811.76%
  • dashDash(DASH)$57.4414.06%
  • zcashZcash(ZEC)$47.224.66%
  • makerMaker(MKR)$673.613.75%
  • neoNEO(NEO)$8.372.34%
  • zilliqaZilliqa(ZIL)$0.0294910.92%
  • basic-attention-tokenBasic Attention(BAT)$0.2749795.89%
  • compound-governance-tokenCompound(COMP)$55.750.68%
  • nemNEM(XEM)$0.0397103.22%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$37.163.15%
  • bitcoin-goldBitcoin Gold(BTG)$17.591.03%
  • qtumQtum(QTUM)$2.723.44%
  • wavesWaves(WAVES)$2.73-1.80%
  • sushiSushi(SUSHI)$1.355.31%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,745.884.42%
  • golemGolem(GLM)$0.2470150.73%
  • omisegoOMG Network(OMG)$1.535.03%
  • ontologyOntology(ONT)$0.2197032.72%
  • digibyteDigiByte(DGB)$0.0109523.24%
  • umaUMA(UMA)$2.122.38%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%