Mayhem Studios Completes $20M Financing Round Led by Sequoia Capital
On April 11, it was reported that Mayhem Studios, a studio owned by Mobile Premier League (MPL), an Indian P2E game development company, announced that it had c
On April 11, it was reported that Mayhem Studios, a studio owned by Mobile Premier League (MPL), an Indian P2E game development company, announced that it had completed the financing of $20 million, with Sequoia Capital leading the investment, Steadview Capital, Truecaller and other investors. MPL launched Good Game Exchange (GGX) in the NFT market last month, and also launched a Web3 gaming strategy based on playing while earning P2E as part of the group’s development plan. （Economictimes）
Mayhem Studios completed financing of $20 million, and Sequoia Capital led the investment
Are you a fan of gaming and NFTs? Then you won’t want to miss the latest news from Mobile Premier League (MPL). Mayhem Studios, a subsidiary of the Indian P2E game development company, recently completed a financing round of $20 million, with Sequoia Capital leading the investment. Other investors included Steadview Capital, Truecaller, and more.
Mayhem Studios’ Latest Ventures
So, what is Mayhem Studios up to? In March of this year, MPL launched the Good Game Exchange (GGX) within the NFT market, allowing players to trade in-game assets for real money. This move was met with excitement from the gaming and NFT communities alike.
But that’s not all. Mayhem Studios is also launching a new Web3 gaming strategy that is based on playing while earning P2E (Play to Earn), which will form a part of MPL’s development plan. With this strategy, players can earn digital currency while playing games, which can then be traded for real money.
Sequoia Capital Leads Financing Round
Sequoia Capital, one of the world’s leading venture capital firms, led the financing round for Mayhem Studios. This marks yet another successful investment for the firm, as it continues to back high-potential companies with innovative ideas.
Thanks to this significant investment, Mayhem Studios will be well-funded to continue its ventures in the gaming and NFT worlds. This will undoubtedly be exciting news for fans of MPL and Mayhem Studios, who are eagerly waiting to see what the company will do next.
The Future of P2E Gaming
With the rise of blockchain and cryptocurrency, P2E gaming has quickly become one of the hottest trends in the gaming industry. Players can now earn money while playing games, thanks to the incorporation of real-world rewards into games.
Mayhem Studios is at the forefront of this trend, with its Good Game Exchange platform and upcoming Web3 gaming strategy. By enabling players to earn digital currency and trade it for real money, Mayhem Studios is bringing a new level of excitement to the gaming world.
Conclusion
The $20 million financing round for Mayhem Studios is excellent news for fans of gaming and NFTs worldwide. With Sequoia Capital and other investors backing the venture, we can expect to see even more exciting developments from Mayhem Studios in the coming months and years.
Are you excited about the future of P2E gaming? Let us know your thoughts in the comments below.
FAQs
1. What is Mayhem Studios?
Mayhem Studios is a subsidiary of Mobile Premier League (MPL), an Indian P2E game development company.
2. What is P2E gaming?
P2E gaming is a new trend in the gaming industry, where players can earn money while playing games. This is achieved by incorporating real-world rewards into games, such as digital currency that can be traded for real money.
3. Who led Mayhem Studios’ $20 million financing round?
Sequoia Capital, one of the world’s leading venture capital firms, led the financing round for Mayhem Studios.
This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/04/11/mayhem-studios-completes-20m-financing-round-led-by-sequoia-capital/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Voyager Token Surges by 36.59% in 24 Hours
It is reported that according to market data, the Voyager Token VGX broke through US $0.65 and is now quoted at US $0.657, up 36.59% in 24 hours.
VGX e…
-
Ethereum Domain Name Service ENS Forms Partnership with MoonPay
On April 20th, it was announced that the Ethereum domain name service ENS has reached a partnership with the encrypted payment platform MoonPay, which will allo
-
Chainlink Price Information Available on Base Test Network
It is reported that the price information of Chainlink, the blockchain data provider, has been available on the Base test network. This is the second layer of …
-
ETH 2.0 witness unstoppable growth in Q1 2021
According to the report, the data shows that the total number of pledges of ETH 2.0 has exceeded 17523600, reaching 17523586, with a value of about US $24.738 b
-
Tenx What card
What card is tenx According to the cryptoslab message, what card is tenx? What exchange can users withdraw and trade on. For example, in South Korea, TenX credit cards can be used, or Bitcoin can be purchased directly from Japan. However, it should be noted that this credit card will not affect the assets of other users, and can only be paid in Cryptocurrency. So, it’s difficult to guarantee offline shopping without a card. Therefore, for those who want to buy digital currency, if you want to use mobile apps or computers, don’t worry too much about security issues.
-
DAI Rebounds in the Crypto Market
On March 12, according to CoinGecko data, the current DAI has rebounded to the range of 0.98 US dollars, rising to 0.984121 US dollars for a short time, and is
-
Shata Fund loses $5.1 million due to failed upgrade
According to reports, PeckShield monitoring data shows that it seems that the EFVault of Shata Fund was upgraded and failed four days ago, resulting in a loss …
-
Cathie Wood’s Ark Invest Adds $6.4 Million Worth of 92165 Block Shares Through Three Funds
It is reported that Cathie Wood\’s Ark Invest increased its holdings of 92165 Block shares through three funds on Monday. The purchase cost is estimated to be ap
-
Why Filecoin Becomes the King of Tokens (Why Filecoin Has Delayed Its Launch)
why filecoin becomes the king of tokens Filecoin becomes the king of tokens FileCoin has brought revolutionary influence to the entire Cryptocurrency industry with its unique economic model. As a decentralized storage protocol, it will allow anyone to build and deploy file systems, applications, or distributed computing platforms based on IPFS networks, and transfer and store content through centralized storage providers such as IPFS. Filecoin’s token economics can enable investors to achieve greater investment returns without affecting user usage Filecoin is the first fully mortgaged and scalable blockchain project in the world. Its current market value ranks 12th, second only to Ethereum (ETH), and occupies the fourth place in the global market share ranking From this perspective, Filecoin is a successful DeFi project. It adopts a method called “reserve proof” to record and maintain the Proof of work mechanism of Filecoin block producers. The incentive plan aims to promote the demand for hard drive space excavated by miners, while rewarding…
-
BUSD Liquidity on Uniswap experiences a decline
It is reported that according to the latest data of Glassnode, the liquidity of BUSD on Uniswap reached US $624229.12, reaching a low of nearly one month.
…