5 NFT Startups Investors are Flocking To

3. CryptoKitties

CryptoKitties is a blockchain-based platform which allows users to collect and breed virtual reality cats. It was founded in 2017 by Benny Giang, Bryce Bladon, Dieter Shirley, Fabiano Soriani, Guile Gaspar, Mack Flavelle, Mik Naayem, and Roham Gharegozlou. The startup has so far raised $23 million in funding over four rounds, with the latest round held in August last year. Some of the lead investors in the project, which has accepted investments from 25 different investors, are Union Square Ventures and a16z crypto, among others. 

The game was designed by San Francisco-based studio AxiomZen. According to technology news publication TechCrunch, in the year the game was released, users spent more than $1 million on virtual cats. Some have compared the game to the Pokemon cards marketed to children. The game supports NFTs.