Aditya Hadi Pratama · · 1 min readA16z, Delphi lead $10m funding of 🇵🇭 NFT generator
BreederDAO, a Philippine-based blockchain startup, has raised US$10 million in series A funding through a token sale co-led by Andreessen Horowitz (A16z) and Delphi Digital, TechCrunch reported. Hashed, Com2uS, Morningstar Ventures, Mechanism Capital, Sfermion, The LAO, and Emfarsis also participated in the round.
The move marks A16z’s second investment in the Philippines, after the US-based VC led the US$4.6 million funding round of Yield Guild Games (YGG) in August last year.
Founded just a month ago, BreederDAO generates NFTs or digital assets for use in blockchain-based games and virtual worlds. These include titles such as Axie Infinity, Sipher, Cyball, and Crabada.
The company was founded by Renz Chong – a former exec of Philippine delivery service Angkas – alongside Jeth Ang and Nicolo Odulio.
Before this investment, BreederDAO raised an undisclosed amount of seed funding from YGG, Infinity Ventures Crypto, Ascensive Assets, Bitscale Capital, FireX Capital, Mentha Partners, and Not3Lau Capital.
See also: A16z’s first Philippine bet is shaking up blockchain gaming
Editing by Miguel Cordon and Lorenzo Kyle Subido
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