Sky Mavis, the game studio behind the highly successful play-to-earn blockchain game Axie Infinity, announced today that its latest Series B funding round successfully raised $152 million. As per the studio, the round was led by the prominent venture capital company Andreessen Horowitz and was majorly participated by Paradigm and Accel.
As part of the successful funding round, Andreessen’s general partner, Arianna Simpson, is set to join the game’s board of directors moving forward.
According to Sky Mavis, although they have scaled rapidly within the past year, incorporating institutional investors would represent a significant development for them. It would drastically legitimate their regulatory protection protocols on top of giving them the flexibility to expand further without having to tap into their AXS token backup.
In much simpler words, Sky Mavis states that the funds accumulated would be used to establish financial and economic freedom for gamers worldwide.
In addition to today’s successful series B funding round, Axie Infinity has also seen its AXS token reach a new all-time high just yesterday, making it one of the year’s best weeks for the rapidly growing blockchain game.
In fact, CryptoSlam’s latest analytics report states that the game has now recorded over $2.2 billion worth of transaction nonfungible token (NFT)-based transactions, with the majority of it recorded within the past quarter. This speaks volumes to the insane momentum the game currently has, and the best is seemingly yet to come.