Cryptocurrencies

CryptoKitties Raises $12 Million From Andreessen, Union Square

Other angel investors include Ehrsam, Ravikant and Pincus
Spinoff being done to make blockchain more accessible

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By Olga Kharif

March 20, 2018 at 9:00 PM UTC

This article is for subscribers only.

CryptoKitties, the blockchain-based virtual game that was a breakout success on the Ethereum network, is being spun off as a separate venture that has already raised $12 million from a star-studded roster of investors.

While Andreessen Horowitz and Union Square Ventures led the funding round, other investors included Coinbase Inc. founder Fred Ehrsam, AngelList Chief Executive Naval Ravikant and Zynga founder Mark Pincus, the venture-studio Axiom Zen said in a statement.