Sky Mavis Raises $150 Million, Launches New P2E Game After Record $625M Hack -Breaking
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Sky Mavis Raised $150 Million and Launched a New P2E Video Game after Record 625M HackSky Mavis is the founder of popular crypto game, which was hacked in one of the most significant hacks of all time. It has now raised $150 Million in its latest round of funding.
Sky Mavis raises $150 million in funding round
Sky Mavis’s recent $150 million funding round brings its total capital raised to $311 million. Among the existing backers are Andreessen Horowitz and Paradigm as well as Binance.
However, this round is dominated by secondary offerings, where the Sky Mavis founders have sold off their own shareholdings.
Funds raised during this round will be used for reimbursement of users most directly affected by the fund. Sky Mavis CEO Trung Nguyen said;
“Sky Mavis is committed to reimbursing all of our users’ lost funds and implementing rigorous internal security measures to prevent future attacks.”
Sky Mavis Announces Axie Infinity from Origin
Along with its funding round, Sky Mavis has announced the global early access release of its free-to-play game Axie Infinity: Origin – a more accessible web-based game in the Axie franchise.
The new standalone free-to-play Origin web game is available for download on Mavis Hub, Sky Mavis’ distribution platform. The game isn’t available yet on iOS and Android.
Flipside
- Only a week following the huge $625 Million creates Axie Infinity has faced a significant hurdleOrigin: A pathway to success
What You Need to Care About
Sky Mavis, which is moving to reimburse users and launching an Axie-related game, hopes to gain back trust.
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