In Series B, the Vietnamese company will receive millions to further develop its NFT blockchain game Axie Infinity and the side-chain Ronin.
The developer of the pay-to-earn game Axie Infinity Receives $ 152 million in Series B funding. The Vietnamese company by the name of Sky Mavis explains on its blog that it wants to “create economic freedom for gamers”.
The financing round now led by Andreesen Horowitz (a16z) brought the company’s capital on the one hand Axie Infinity and on the other hand Ronin to strengthen. Other major investors included the Accel and Paradigm investment companies.
With the side chain Ronin is the company’s scaling solution on Ethereum. With Axie Infinity Sky Mavis started “the biggest NFT project of all time”. To be fair, one must at least admit that it is the NFT project that has the largest trading volume.
Axie Infinity
The game about the little round creatures has already broken several records. For example, it was the first NFT game to hit $ 1 billion in trading volume. It is also one of the most popular blockchain games this year. Especially in view of the upcoming innovations, the price of the native AXS token shot up again. The Discord Channel plays in the same league as Fortnite’s community group: a total of over 768,777 members are registered. However, more than a million users are active on the platform every day. Many of them are from the Philippines. Some gamers there have made this game their profession and in some cases have even taken out loans to get started.
The particular attraction of the desktop and mobile video game is that the players receive NFT as a reward for their victories or developments: They show the different “axies” of the game. Not only can they be purchased online, they can also be grown. In addition, you should feed them, equip them with equipment and train them in order to win AXS in different fights. In order to be able to participate in the largest NFT ecosystem, investments must first be made: three “Axies” are required as an entry ticket. These can be broken up with Ether (ETH), for example OpenSea acquire.
In the past, due to the increase in the number of players, there have also been more criticisms. They complained about the proximity of the blockchain game to the pyramid scheme or a possible hyperinflation of the AXS Coins if the increase in gamers does not continue to exceed the number of existing users.