Avalon, a burgeoning crypto gaming studio, has successfully secured a $10 million funding round, with Bitkraft Ventures and Hashed as the primary investors. This substantial investment is earmarked for the advancement of their flagship project, the massively multiplayer online game (MMO) “Avalon.”
The development team behind Avalon comprises seasoned professionals from leading web2 gaming enterprises, harnessing their collective expertise to create an immersive gaming venture. Collaborations with industry trailblazers such as Didimo and Inworld AI further enrich the gaming experience.
Sean Pinnock, the CEO and founder of Avalon, emphasized the studio’s commitment to delivering an unparalleled gameplay experience. Pinnock highlighted the integration of cutting-edge technologies like Unreal Engine 5 and AI-driven user-generated content systems. He also mentioned the forthcoming NFT collection featuring revolutionary AI-powered avatar NFTs.
Pinnock’s extensive background includes stints at industry giants Electronic Arts and Microsoft, as detailed in his LinkedIn profile.
Carlos Pereira, a Partner at Bitkraft Ventures, expressed optimism about Avalon’s potential contribution to the Synthetic Reality (SR) landscape. Synthetic Reality encompasses the creation and simulation of digital worlds and systems, offering immersive gaming experiences with robust in-game economies.
Avalon has announced plans for a closed, early-access version of the game slated for release later in 2024. Players will have the opportunity to engage with the game firsthand and provide feedback.
In addition to Bitkraft Ventures and Hashed, other notable participants in the funding round include Coinbase Ventures, Spartan Capital, Foresight Ventures, LiquidX, and Momentum6. This diverse investor support underscores the strong confidence in Avalon’s vision and potential.
