OnChain Studios was inspired by physical surprise collectibles and created Cryptoys as "blind bags on the blockchain." Unlike the excitement that wears off with tangible toys after some time, the experience of a digital plaything has the potential to last much longer, especially since its value can go up over time or be traded for something entirely new.
Cryptoys are blockchain-based, fully interactive digital toys that have the ability to evolve and unlock new experiences and games. Like unboxing a physical toy, Cryptoys emerge from CryptoyCubes to recreate the element of surprise.
OnChain Studios raised $7.5 million USD to support its mission to build an NFT-native digital toy company for the next generation of collectors. Co-founder Will Weinraub says "Simply put, we want to build the most entertaining and accessible NFTs for collectors."