Digital Toys NFT Platform Cryptoys Closes $23 Million Series A Funding Round Led by a16z

Digital Toys NFT Platform Cryptoys has closed a $23 million Series A round led by a16z with participation from Dapper Labs, Draper & Associates, CoinFund, Animoca Brands and others. The funds raised will be used for the development of the platform. Cryptoys will reportedly be built on Flow and will be launched in the coming months. Previously, Cryptoys' parent company, OnChain Studios, closed a $7.5 million seed round led by a16z in October 2021.