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| comment | | "parent_author":"",<br>"parent_permlink":"life",<br>"author":"bchainjournal",<br>"permlink":"cryptokitties-raises-usd12-million-in-venture-capital",<br>"title":"CRYPTOKITTIES RAISES $12 MILLION IN VENTURE CAPITAL",<br>"body":"<html>\n<p><img src=\"https:\/\/blockchainjournal19151016.files.wordpress.com\/2018\/03\/children-593313.jpg?w=1024\" width=\"1024\" height=\"683\"\/><\/p>\n<p> <strong>Blockchain collectible game CryptoKitties is separating from its mother company,<br> Canada-based Axiom Zen game studio,<br> and has reportedly amassed $12 million to do so.<\/strong><\/p>\n<p>CryptoKitties is a blockchain-enabled collectible game built on the Ethereum platform. It has had a huge success since it debuted in November,<br> even causing problems to the ethereum ecosystem because of the large number of transactions (30% of the all Ethereum transactions) it necessitates.<\/p>\n<p>With this simple,<br> yet effective game,<br> CryptoKitties aims to make blockchain accessible and relevant to everyday users.Instead of buying cryptocurrencies,<br> users of the game acquire \u201ccryptokitties\u201d,<br> which the company calls \u201ccryptocollectibles\u201d. The blockchain is used to authenticate transactions and keep track of what character each user has.<\/p>\n<p>Since it went live,<br> CryptoKitties has processed more than $40 Million in transactions from the 1.5 Million users of the platform. Some cryptokitties have sold for more than $200,<br>000.<\/p>\n<p>According to <a href=\"https:\/\/venturebeat.com\/2018\/03\/20\/cryptokitties-blockchain-sensation-raises-12-million\/\">Venture Beat<\/a>,<br> the investors include \u201cFred Ehrsam (former founder of Coinbase); Naval Ravikant (CEO and founder of AngelList); Mark Pincus (cofounder of Zynga); Bill Tai (board member of BitFury); William Mougayar (founder of Token Summit); Avichal Garg (partner at Y Combinator); Jeff Morris (head of revenue at Tinder); Balaji Srinavasian (founder of Earn.com) Josh Stech (vice president of business at Lending Home); Joshua Naussbaum (founder of Compound VC)j; and Tyler Gaffney (CEO of Entrepid).\u201d<\/p>\n<p>Concerning the future of blockchain gaming,<br> the company stated that \u201cdigital scarcity and true ownership unlock billions of dollars of value and put power in the hands of creators and their fans.\u201d <\/p>\n<\/html>",<br>"json_metadata":" \"tags\":[\"life\",<br>\"cryptocurrency\",<br>\"bitcoin\",<br>\"ethereum\",<br>\"blockchain\" ,<br>\"image\":[\"https:\/\/blockchainjournal19151016.files.wordpress.com\/2018\/03\/children-593313.jpg?w=1024\" ,<br>\"links\":[\"https:\/\/venturebeat.com\/2018\/03\/20\/cryptokitties-blockchain-sensation-raises-12-million\/\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"html\" " | | comment_options | "author":"bchainjournal",
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