Avalon Corp Raises $13 Million in Funding Round
It is reported that Avalon Corp, the meta universe game platform, announced the completion of a new round of financing of US $13 million, with Bitkraft Venture…
It is reported that Avalon Corp, the meta universe game platform, announced the completion of a new round of financing of US $13 million, with Bitkraft Ventures, Hashed, Delphi Digital and Mechanism Capital jointly leading the investment, and Coinbase Ventures, Yield Guild Games, Merit Circle, Avocado Guild and Morning Star Ventures participating in the investment.
Avalon Corp, the universe game platform, completed a financing of $13 million
Analysis based on this information:
Avalon Corp announced the completion of a new round of financing of $13 million from various investors, including Bitkraft Ventures, Hashed, Delphi Digital, and Mechanism Capital. Coinbase Ventures, Yield Guild Games, Merit Circle, Avocado Guild, and Morning Star Ventures also participated in the investment. The meta universe game platform had previously raised $7.7 million in funding in October 2020.
This funding round is a significant step for Avalon Corp as it shows continued interest and support from investors in the gaming industry. The meta universe game platform has gained a lot of attention and users since its launch, allowing players to participate in immersive gaming experiences and enjoy virtual worlds. Avalon Corp has positioned itself as a leading player in the metaverse gaming market, and this latest funding round will allow it to expand its offerings and further develop its platform.
Bitkraft Ventures, one of the leading investors in the funding round, is known for its involvement in the gaming industry, having previously invested in other gaming companies such as Playco and H4X. This suggests that Avalon Corp’s strategy and potential for growth have been well-received by investors who are familiar with the gaming industry.
Hashed is another notable investor in the funding round, having previously invested in blockchain-based gaming companies such as Axie Infinity and SuperFarm. This suggests that Avalon Corp may also have a strong focus on integrating blockchain technology into its gaming platform, which could provide users with greater transparency and security.
The investment from Coinbase Ventures, one of the most well-known crypto exchanges, highlights the potential synergy between the gaming and cryptocurrency industries. Avalon Corp may be looking to integrate cryptocurrency into its platform, allowing players to use different digital currencies to participate in the gaming experience.
Overall, this funding round is a promising development for Avalon Corp and the gaming industry as a whole. The investment from a diverse group of investors, including those familiar with the gaming, blockchain, and cryptocurrency industries, highlights the potential for innovation and growth in the metaverse gaming market.
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