Sky Mavis, The Developer Behind Axie Infinity Raised $152M USD To Fuel Up The Play To Earn Revolution
Sky Mavis is thrilled to announced that they have raised $152M USD to create economic freedom for gamers. The funds will fuel the growth and development of Axie Infinity and Ronin, its scaling solution for digital nations.
Axie is the first game designed to be owned by the community that plays it. For far too long game publishers and app stores have held too much power and extracted too much value. The gaming industry needs to change and we will reconstruct it to share value with the most important members of any gaming community: the players.
SKY MAVIS BELIEVE
- Rewarding value creation: everyone’s time is valuable. People should always be rewarded for creating value, especially within games.
- Co-creation: a game is a creative partnership between its developers and the community that plays and builds value around it.
- Co-ownership: your game assets are your property. As a gamer, you deserve property rights and should be able to own the the games you love.
This new funding round will allow Sky Mavis to fuel the play-to-earn revolution, bring in incredible talent from across the globe, scale its infrastructure for expected growth, and build its own distribution platforms to support game developers to create NFT-enabled games.
The funds will also used for:
- Axie Infinity: Origin, its upgraded battle system, is getting better every day. It will feature upgraded art, animations, mechanics, and allow people to try Axie for free before buying their own team.
- The release of Ronin DEX, a decentralized exchange for trading of in-game tokens (like AXS, SLP) directly on Ronin.
- Continued development on Project K, our land-based game that will allow you to harvest resources, build structures, and battle for territory in Lunacia.
- Each Axie is a ticket to an ever-expanding collection of experiences. One of its North Stars is to transform Axie into an ecosystem where the majority of the experiences are built by external game studios and its passionate community developers.
ABOUT Axie Infinity
Axies are fierce creatures that love to battle, build, and hunt for treasure. Build up a unique collection and use them across an ever-expanding universe of games. Axie has a player-owned economy powered by Blockchain technology.
ABOUT Sky Mavis
Sky Mavis is a company developing video games with real, player-owned economies and infrastructure that goes along with them. The company offers Axie Infinity game, which uses nonfungible tokens (NFTs) to reward players financially the more they play. In addition, Sky Mavis develops marketplaces for trustless trading of unique digital assets. In order to achieve that, Sky Mavis utilizes blockchain technology and incentive design.
RESOURCES
https://axie.substack.com/p/seriesb
