![]() ![]() ![]() Past performance does not guarantee future results. Trading cryptocurrencies is not supervised by any EU regulatory framework. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. Each investment is unique and involves unique risks. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. Before Axie Infinity, Sorare, a French startup that developed an NFT-based soccer game, secured $680 million in its Series B funding round. This news comes as NFT-based games continue becoming popular among investors. The company’s roadmap also involves the development of Project K, a land-based game that lets players harvest resources, build structures, and battle for territory in Lunacia, Axie’s homeland. Sky Mavis is also gearing up to roll out Ronin DEX, a decentralized exchange that supports the trading of in-game tokens such as AXS and Smooth Love Potion (SLP) directly. He added that the Sky Mavis team, which comprises co-founders Jeffrey Zirlin, Andy Ho, Trung Thanh Nguyen, Tu Doan, and Aleksander Leonard Larsen, is building a category-defining play-to-earn gaming and infrastructure company. Revolutionizing the gaming industryĮxplaining why Accel decided to invest in Sky Mavis, Andrei Brasoveanu, Partner at Accel, said the company has the potential to revolutionize the gaming world. This value depicts a 16.23% plunge from its October 4 all-time high (ATH) of $155.08. At the time of writing, the token is changing hands at $129.39 after losing 7.08% in 24 hours. ![]() Moreover, users have locked over 4.5 billion in Ronin.Īs a result of this growth, AXS has been making moon shots, gaining over 1,300% over the past three months. The company further noted that its NFT marketplace has already handled transactions worth over $2.2 billion. The game has achieved this feat despite being available on mainstream app stores. Per Sky Mavis, the game’s player base has increased from 38,000 daily active players in April this year to over two million. The Axie Infinity ecosystem has expanded rapidly over the past few months, evident in the number of players that have joined the game to date. On top of this, Sky Mavis believes institutional investors will introduce the flexibility to scale and hire more team members at a higher rate without spending its Axie Infinity (AXS) token reserves. Additionally, the firm believes renowned investors will help it bolster its legitimacy, regarding regulatory protection. On top of this, the firm seeks to build its distribution platforms to help game developers create NFT-enabled games.Īlthough Axie Infinity has expanded at an astonishing rate, Sky Mavis acknowledges that onboarding institutional investors to its community will be elemental in widening the game’s reach. In so doing, the company hopes to create economic and financial freedom for gamers. The video game developer announced this news earlier today, noting that reputable investors, such as Andreessen Horowitz (a16z), FTX, and Accel, took part in the funding round.Īccording to the announcement, these funds will go towards financing the growth and development of Axie Infinity, as well as Ronin, the game’s Ethereum sidechain. Sky Mavis, the studio behind the famous non-fungible token (NFT) game Axie Infinity, has secured $152 million in its Series B funding round. ![]()
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