Developer of Axie Infinity Receives $152 Million Investment

Sky Mavis, developer of Axie Infinity, led by Andreessen Horowitz (a16z) and joined by Accel and Paradigm $152 million worth of investment.

Sky Mavis will use its $152 million Series B investment to grow its team, scale its infrastructure and build distribution platforms to support game developers.

The Information, prior to this official announcement, Sky Mavis’ 150 million dollars investment taking in total close to 3 billion dollars reported that he had reached valuation.

SNÖ, SevenSevenSix and FTX were among the names participating in the Series B investment.

Sky Mavis will continue to work on improving Axie Infinity’s mechanics, rolling out the Ronin DEX, a Ronin-based decentralized exchange, advancing the development of the new game Project K.

Axie Infinity, a play-to-earn game, offers its users the opportunity to play and trade with NFTs called Axies. In total so far from $2 billion The number of daily active users of Axie Infinity, which achieved higher trading volume, is in August. over 1.8 million output.

Arianna Simpson, partner of Andreessen Horowitz, “It is extremely rare to be able to scale your infrastructure enough to handle extraordinary growth while creating an enjoyable experience for consumers, and that is what makes the Sky Mavis team so exceptional.” said.

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