Breederdao Just Raised Funding From a16z to Generate NFTS at Scale

Andreessen Horowitz (a16z) invested in an outfit, Yield Guild Games (YGG), that invests in NFTs from blockchain-based games, then loans them out to people who use them and generate revenue as they play.

28 January 2022

By October, a16z was leading a massive investment into the parent company of “Axie,” which is Sky Mavis. Now, it’s funding yet another building block: BreederDAO, a months-old, Philippines-based “specialist manufacturer” of digital assets for use in blockchain-based games and virtual worlds, including “Axie Infinity.”

Founded by a team of young founders, one of whom was an early advisor to YGG, the 23-person outfit just closed on $10 million in Series A funding via a token sale that was co-led by a16z and Delphi Digital, with participation from Hashed, com2us, Morningstar Ventures, Mechanism Capital, Sfermion, The LAO, Emfarsis and others.

Read more: BreederDAO just raised funding from a16z and others to generate NFTs at scale by Connie Laizos