How a crypto startup raised $12.5 million in 31 seconds and won over Andreessen Horowitz

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where players enter NFT creatures into Pokémon-esque battles. They earn crypto tokens through playing that they can exchange for money. played these games to earn a living. "A lot of people during the pandemic are being saved by these NFT games," Dizon said. When Alexei Udall, head of partnerships at YGG, first played Axie Infinity last summer, the starting price for the NFTs was $40 . Nowadays, the starting price is over $200.

It's worked so far: YGG currently has 4,700 scholars worldwide, many from developing countries, and they hope to expand to 15,000 users by the end of the year. Udall has heard stories from scholars who have been able to move out of tenement buildings into houses or afford their medication. One of his favorite stories is a woman who was able to afford having her baby at a hospital instead of at home.

 

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