CryptoKitties raises $15M despite low daily user count

Dapper Labs, the company behind CryptoKitties, a blockchain-enabled digital collectible game, raised a $15M round led by Venrock, Google Ventures, Samsung, and Andreessen Horowitz. The new funding comes a few months after Dapper Labs' Series A round, where the company raised $12M. While the company has declined to give details about its next moves, Dapper Labs has put up a teaser page hinting at the release of a new digital collectible called "Dapper."

CryptoKitties has struggled to gain traction after the game's peak in December 2017. According to DappRadar, in the last 24 hours, there were only 358 users on CryptoKitties, a far cry from the game's peak of 14,914 daily active users. 

(Source: CoinDesk)

(Data Source: DappRadar)

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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