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Vancouver based digital asset gaming company CryptoKitties has raised a $12m Series A from Andreessen Horowitz and Union Square Ventures.
CryptoKitties, which is being spun off from Axiom Zen, aims to make the distributed ledger technology, best known for underpinning digital currency Bitcoin, more accessible and relevant for everyday consumers. The game entered the spotlight in December, when CryptoKitties slowed the entire Ethereum network. In the game, which debuted on Nov. 28, players can breed cats and sell their offspring. In early December, CryptoKitties accounted for 11 percent of all transactions on the network, according to web data tracker ETH Gas Station. The software application has fallen out of the top-10 most used Ethereum apps since.
