- Cryptoys, a startup backed by Andreessen Horowitz, announced a new “Mickey and Friends” NFT collection priced at $39.99, adding to its existing partnerships with Disney on Star Wars digital collectibles.
- The company recently secured $23 million in Series A funding and plans to expand into an NFT-based gaming universe that includes collectible toys, play-and-earn games, and an original animated series.
- Cryptoys aims to launch its native marketplace for trading these digital toys in the coming months, further enriching its multi-faceted approach to digital assets, gaming, and storytelling.
Cryptoys, an Andreessen Horowitz-backed NFT startup, announced on August 28, 2023, that it would be expanding its universe of digital toys by including one of the most iconic characters of all time—Mickey Mouse. Set to be priced at $39.99, the “Mickey and Friends” collection will also include other fan favorites like Minnie Mouse and Pluto. But it’s not just about collecting static digital toys; these NFTs will feature “skin designs” and various levels of rarity, making each piece unique and valuable in its own right.
Cryptoys had previously partnered with Disney to release digital collectibles based on Star Wars characters. Adding to its Star Wars collection, Cryptoys has also announced the release of a digital Yoda collectible, to be airdropped to holders of the existing Star Wars NFTs. Both collections will join Cryptoys’ portfolio that also includes Masters of the Universe characters, further enriching the company’s appeal and reach.
Cryptoys: Where Funding and Fantasy Unite
Last year, Cryptoys closed a $23 million Series A funding round, attracting support from venture capital firm Andreessen Horowitz and toy manufacturing company Mattel. Clearly, there’s more to these digital toys than meets the eye. According to the funding details, the investment will help Cryptoys build an NFT-based gaming universe, featuring collectible toys, play-and-earn games, and even an original animated series.
While the platform is set to launch later this summer, the company has hinted at introducing three signature characters from its original series. This multi-faceted approach shows how Cryptoys is not just a digital toy store; it’s building an entire universe where digital assets, gaming, and storytelling coalesce.
Marketplaces and Future Potential: What’s Next?
Currently, Cryptoys does not support a third-party marketplace, making the trading of these digital toys a future prospect. Despite this, the company has announced plans to launch its native marketplace in the coming months and aims to provide third-party marketplace support eventually.
It’s also worth noting that this is not Disney’s first foray into digital collectibles. Earlier, VeVe Digital Collectibles had released NFTs featuring Mickey Mouse, further validating the growing market for digital collectibles based on iconic characters.
As Cryptoys prepares to drop its newest collection in September 2023, there’s palpable excitement, not just among blockchain enthusiasts but also Disney fans and digital collectors at large. The “Mickey and Friends” collection is much more than a simple lineup of digital toys; it represents the future of collectibles, entertainment, and fan engagement. With promising funding and a rich portfolio, Cryptoys is positioning itself as a frontrunner in the merging worlds of traditional entertainment and blockchain technology.