Digital Toy Platform Cryptoys Raises $23M From a16z, Dapper Labs, Mattel

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Digital Toy Platform Cryptoys Raises $23M From a16z, Dapper Labs, Mattel
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.Cryptoys, a platform aiming to 'reimagine what a toy actually is,' has raised $23 million from a16z, dapperlabs and Mattel. By JamieCrawleyCD

with Mattel to transform some of its most storied characters into playable avatars, which can be sold as NFTs. Mattel is the manufacturer of such world-famous products as Barbie, Hot Wheels and Polly Pocket.amass around $1 billion in sales.at the peak of the crypto bull run, could face some serious challenges in the months ahead with the broader crypto ecosystem now firmly in bear market territory.

It will remain to be seen to what extent a platform geared specifically towards kids will prove a thriving use case for digital assets and blockchain technology.

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