Cryptoys banks a16z funding to build NFTs for kids

Quick Summary

The past several months haven’t been entirely kind to the NFT market — while transaction volume hasn’t stuttered too significantly, the dollar amount invested in the space has been in free fall as cryptocurrency prices have taken a historic dive.

Platforms for trading non-fungible tokens have often proven themselves difficult for even adult users to navigate, so the prospect of building an onboarding for younger users seems quite daunting.

Flow, which Dapper’s NBA Top Shot runs on, offers a blockchain-lite experience that lets users sidestep some of the hallmark stumbling blocks of NFT land including high gas fees, convoluted wallet onboardings and the inability to transact with payment methods like credit cards.

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Article Details

Author / Journalist: Lucas Matney

Category: Technology

Topics: Ethereum Cryptography Digital art Sound ventures Ceo Decentralization Crypto TechCrunch Dapper Labs Animoca Brands Non-fungible token National basketball association Articles Blockchain art Technology Cryptocurrencies Blockchain NBA Blockchain CoinFund Acrew capital Mattel Apple Draper Associates

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 16:20:02

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 4 minutes read

Article Length: 704 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 6194

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