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You are at:Home » Sky Mavis Raises $7.5M in Series A Funding
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Sky Mavis Raises $7.5M in Series A Funding

AB News DeskBy AB News DeskMay 12, 2021Updated:May 12, 2021No Comments2 Mins Read
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Sky Mavis Raises $7.5M in Series A Funding - AlexaBlockchain
Sky Mavis Raises $7.5M in Series A Funding
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Singapore, May 12, 2021 /AlexaBlockchain/ – Singapore-based blockchain gaming firm Sky Mavis has raised $7.5 million in Series A funding led by Libertus Capital.

Sky Mavis

Sky Mavis is the developer of one of the world’s most popular blockchain games, Axie Infinity.

Sky Mavis Series A Funding

Sky Mavis raised US$ 7.5 million in series A funding from a group of institutional and individual investors including lead investor Libertus Capital, and Mark Cuban.

Sky Mavis said that it was underfunded till now. The company expects that this new funding round will allow it to be more aggressive with growth experiments. Sky Mavis anticipate Axie scaling to millions of users through:

  • A world class creator program that blends the best referral systems ever created and adds a touch of blockchain magic.
  • Free to play-to-earn will unlock millions of new users who will try Axie for the fun before making any economic decisions. Hundreds of thousands of users try to play Axie each month but give up due to all the steps.
  • User generated content will unleash the true potential of Axie. In the future, Sky Mavis will be one of many organizations building on top of Axie and Ronin. Axie will become a hive mind not limited by the ideas of a single central team.

Axie Infinity Blockchain Games Blockchain Technology NFT Games NFTs Series A Funding Singapore Sky Mavis
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AB News Desk is a trained group of web journalists and reporters who collect news from all over the blockchain market landscape. AB News Desk covers developments on Blockchain Industry including Distributed Ledger, Smart Contracts, Digital Assets, Cryptos, FinTech, Bitcoin, DApps, DeFi, and more. To connect, please write to Editor at info@alexablockchain.com.

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