AVALON, a multi-genre MMO universe game, has announced the completion of a $10M funding round. Two top VC companies co-led the AI-powered game funding round: BITKRAFT Ventures and HASHED. Among many other participating VCs were Coinbase Ventures, Foresight Ventures, Delphi Digital, Spirit DAO, Sanctor Capital, DEXT Force Ventures, Follow The Seed, LVT Capital, Andromeda Capital, and Focus Labs.
Interestingly, some popular content creators in the web3 gaming space participated in the funding round including Ellio Trades, Grail.eth, Virtual Bacon, Konger.eth, tehMoonwalkeR, Cirrus, and Altcoin Sherpa.
A group of industry veterans who had previously served at Microsoft, Sony, Ubisoft, and more, with proven top titles like Everest and Call of Duty, have been developing the AI-powered game since 2021. According to this team, the AVALON Game will be a groundbreaking MMO experience, empowering players to create, share, and own their adventures with cutting-edge tech like Unreal Engine 5 and AI-assisted content creation.
Speaking on the investment, Sean Pinnock said the co-leading VCs see AVALON as a game-changer in the MMO genre, with limitless potential for vibrant, interconnected user-generated content. He added that the game company focuses on no-code solutions and its upcoming NFT collection will revolutionize player engagement and immersion.
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In early 2023, AVALON raised $13M from a funding round to build its expansive interoperable digital universe.
