Singapore, May 12, 2021 /AlexaBlockchain/ – Singapore-based blockchain gaming firm Sky Mavis has raised $7.5 million in Series A funding led by Libertus Capital.
Sky Mavis is the developer of one of the world’s most popular blockchain games, Axie Infinity.
Sky Mavis Series A Funding
Sky Mavis raised US$ 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.