(QNO) - Axie Infinity is a blockchain-focused game that has just been valued at over USD 2 billion. Three of the co-founders of the game are Vietnamese.
Sky Mavis, the developer of blockchain-focused game Axie Infinity, has bagged USD152 million in its Series B funding round. As a result, its capital is around USD3 billion now.
The appealing for funds partly aims at setting up a private and proactive outreach distribution system. If Axie Infinity is successful, its value will be greater than the current USD3 billion capital of Sky Mavis.
Among the co-founders of Axie Infinity game are three Vietnamese, including Trung Nguyen, Tu Doan, and Viet Anh Ho.
The last series B funding round was led by Andreessen Horowitz (A16Z), which is known as a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz. A16Z invests in seed to late-stage technology companies, focusing on the mobile phone, e-commerce, education, and information technology.
Facebook, Twitter, AirBnB, Lyft, Github, Skype, Polychain used to be funded by A16Z.
Axie Infinity is a trading and battling game that allows players to collect, breed, raise, battle, and trade creatures known as “Axies”, which are digitized as NFTs.
The game uses a “pay-to-earn” model where participants can earn a token which is traded on Binance as an Ethereum-based cryptocurrency.
There were over 1.5 million users of Axie Infinity game with USD776 million by the end of the 3rd quarter of 2021.