It's time to meet BreederDAO. Founded just three months ago, this NFT generator is already backed by some of the biggest names in the play-to-earn space. It just raised a $10M Series A, co-led by Andreessen Horowitz (a16z) and Delphi Digital.

• It's a16z's second investment in the Philippines after leading Yield Guild Games (YGG)'s $4.6M round last year.
• It has supplied over 100,000 NFTs for three games alone.

Who else cashed in? Hashed, com2us, Morningstar Ventures, Mechanism Capital, Sfermion, The LAO and Emfarsis also cashed in.

• Before this round, it raised its seed from YGG, Infinity Ventures Crypto, Ascensive Assets, Bitscale Capital, FireX Capital, Mentha Partners and Not3Lau Capital.

🏭  Your modern factory

The same way a factory manufactures plastic toys, BreederDAO generates NFTs for blockchain-based play-to-earn games.

• It currently generates NFTs for games like Axie Infinity, Pegaxy and Crabada, and it's already partnered with eight games.

Why it matters. With so many people who want to play, there just aren't enough NFTs (in-game assets) to go around. (If you remember your economics, demand is much higher than supply, it would make NFTs gaming assets more expensive and less accessible. Yikes!)

At the same time, play-to-earn guilds like YGG need more NFTs to lend to their fast-growing communities of players (aka, scholars) So, NFT manufacturers like BreederDAO are key to their growth.

• Even for hit games like Axie Infinity, only 2% of daily active users are scholars from top guilds, and guilds need more NFTs to scale.
• BreederDAO sells the NFTs at pre-set prices to partner guilds.

🧐  Why don't the developers do it?

They can, but game developers probably want to make more games or focus on other things instead of putting time and resources into manufacturing NFTs. Plus, more NFTs bring in more players, which means it's a win-win.

🚀  What's next?

It aims to have a fully automated AI factory for NFTs and an app for OTC sales by the end of the year. Oh, and it aims to partner with 1,000 partner guilds and integrate with 50 games.