Avalon Corp Raises $13 Million in New 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
Interpret the above information:
Avalon Corp, the meta universe game platform, has raised $13 million in a new round of funding, with several notable companies leading the investment. Bitkraft Ventures, Hashed, Delphi Digital, and Mechanism Capital all joined forces to provide the funding, while Coinbase Ventures, Yield Guild Games, Merit Circle, Avocado Guild, and Morning Star Ventures also participated in the investment.
This funding round will allow Avalon Corp to continue to enhance its platform, which already boasts more than 20 million active users across the globe. The meta universe game platform combines augmented reality and virtual reality to provide a seamless and immersive gaming experience to its users. The platform is built on blockchain technology, which adds an additional layer of security and transparency to the gaming experience.
The fact that several major firms have invested in Avalon Corp is a testament to the company’s success and potential for continuing growth. Bitkraft Ventures is a leading venture capital firm that specializes in investing in esports and gaming companies, while Hashed is one of the largest blockchain-focused venture capital firms in South Korea. Delphi Digital is a leading research and consulting firm that specializes in blockchain technology and digital assets, and Mechanism Capital is a crypto-focused investment firm.
Coinbase Ventures is the investment arm of Coinbase, one of the largest cryptocurrency exchanges in the world, while Yield Guild Games is a decentralized gaming guild that allows its members to earn money by playing games. Merit Circle is a social network for gamers that rewards its members for participating in various gaming-related activities, while Avocado Guild is a collective of gaming enthusiasts who share their knowledge and passion for gaming. Morning Star Ventures is a venture capital firm that invests in high-growth technology companies.
In conclusion, Avalon Corp has secured a significant amount of funding, thanks to the joint effort of some leading companies investing in the gaming and blockchain space. This investment will allow the platform to continue to provide a seamless and immersive gaming experience and strengthen its position in the highly competitive gaming industry. The platform’s hybrid nature of augmented reality and blockchain technology is expected to help the company expand more in the future, making the games more interactive and engaging.
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