• Sky Mavis Secures $152 Million for Axis Development Corporation

  • In recent weeks, Axie Infinity has gotten things right. First, they updated their breeding mechanics, then came the epic increase in $AXS bets. And now, they’ve raised an incredible $152 million in Series B funding.

    This latest milestone for Sky Mavis, the team behind Axie, comes from an investment campaign led by venture capital firm a16z. Other contributors to this number include Paradigm, Accel, Samsung Next, and others. According to sources, the company is now valued at an eye-popping $3 billion.

    What’s more, this grandly funded acquisition doesn’t mean Sky Mavis will start resting on its laurels. The extra infusion of cash will be used for ambitious plans to “create economic freedom for gamers.” As such, the team promises to continue to push boundaries and further develop Axie.

    Coming soon is a new and improved combat system featuring stunning new animations and polished visuals. The highly anticipated Axie universe allows players to own and develop lands, as well as a series of upgrades to their homemade scaling solution, Ronin.

    This is great news for Axie backers who have seen the game rise from humble beginnings to the titanic status it enjoys today.

    What's your reaction?