Dapper Labs raised $ 11 million to launch its own blockchain

The creator of the acclaimed CryptoKitties game, Dapper Labs, has successfully raised funds to develop its own Flow blockchain, which will be ideal for creating decentralized games.

Andreessen Horowitz became the leader of the next investment round, in which $ 11 million was raised. In addition, venture capital firms Union Square Ventures, Digital Currency Group, Venrock and Accomplice, as well as Warner Music, have invested. Venrock spokesman David Pakman said:

“Ethereum and other first-level smart contract platforms were created as scalable networks for transactions and payments. Decentralized and collectible games require a completely different level of scaling. Different solutions like sharding cannot solve this problem, so Dapper is developing a Flow network that will help decentralized games support tens of millions of users. ”

One of the important conditions when developing Flow is “composability” – the ability to use parts of the code from one project to another without the need for large-scale changes.

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“Flow gives developers the ability to safely and easily create completely new products and services based on other code at an accelerated pace. This blockchain feature called “composability” can even create a new approach to software development, ”said Dapper Labs representatives.

Last year, the company already received an investment of $ 12 million, which allowed it to separate from its parent company Axiom Zen. Dapper Labs later raised another $ 15 million investment.