Avalon Corp raises US $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
Interpretation of the news:
Avalon Corp, the meta universe game platform, has announced the completion of a new round of financing worth US $13 million. The funding was jointly led by Bitkraft Ventures, Hashed, Delphi Digital, and Mechanism Capital, while Coinbase Ventures, Yield Guild Games, Merit Circle, Avocado Guild, and Morning Star Ventures also participated in the investment.
This new funding will allow Avalon Corp to expand and improve its meta universe game platform, which has already gained a significant following. The company’s platform integrates various virtual worlds and games, creating a seamless experience for users. The platform also includes a marketplace that allows users to buy, sell, and trade virtual assets.
The participation of Coinbase Ventures, the venture capital arm of the popular cryptocurrency exchange Coinbase, is particularly noteworthy. This suggests that Avalon Corp may be exploring the integration of cryptocurrencies and blockchain technology into its platform. Given the growing interest in non-fungible tokens (NFTs) and virtual currencies, such a move could prove to be a wise decision for the company.
The involvement of Bitkraft Ventures is also significant, as the venture capital firm has a strong focus on investing in gaming companies. This indicates that Avalon Corp’s platform is viewed as a promising prospect in the gaming industry.
Overall, the completion of this round of financing is a positive development for Avalon Corp and its investors. The company now has the resources to further develop its platform and potentially capitalize on emerging trends in the gaming and cryptocurrency markets.
In conclusion, Avalon Corp’s successful funding round reflects its strong potential in the meta universe game platform space. The company’s platform offers a unique and innovative experience for users, and the involvement of prominent investors suggests that the platform is poised for further growth and success.
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