JAKARTA – Studio maker of the popular game Axie Infinity, Sky Mavis announced that it received an injection of funds in the first round of 152 million US dollars (equivalent to Rp. 2.1 trillion). The announcement was made by Sky Mavis on Tuesday, October 5 yesterday.
Launching Cointelegraph, the large injection of funds came from leading crypto and blockchain companies such as global exchange FTX, venture capital firm Andreessen Horowitz also participated in the funding round.
Apart from these two companies, there are Accel, Paradigm, Fabric Ventures, Standard Crypto, and Samsung Next and many more. Developer Axie Infinity revealed that the funds will be used to "create economic and financial freedom for gamers."
Sky Mavis revealed that the emergence of large investors in the funding allowed the company to expand its reach.
“While we have been upgrading at an astonishing rate, adding institutional investors to our community will allow us to expand our reach, strengthen our legitimacy in terms of regulatory protections, and will give us the flexibility to upgrade and recruit aggressively without touching our AXS. Reserve tokens," said Sky Mavis.
In addition, Sky Mavis is also planning to upgrade its gaming platform and launch a decentralized exchange (Dex) based on Ronin.
This information was announced by Sky Mavis after the AXS token skyrocketed significantly to a new all-time high price (ATH) on October 4, 2021 yesterday at a price of IDR 2,206,425. At the time of writing, the price of AXS is trading at Rp.1,940,035 according to data from CoinMarketCap.
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