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According to Wednesday’s announcement, a play-by-play (P2E) blockchain game guild raised US$18 million in Series A financing. Avocado Guild detailed the company’s funds raised from investors such as Animoca Brands, Goldentree Asset Management, Three Arrows Capital, and Solana Ventures.
P2E organization Avocado Guild raised US$18 million from strategic investors
According to the announcement from Avocado Guild On Wednesday, the organization raised $18 million from strategic investors. The financing stems from the company’s Series A financing, and the overall valuation of Avocado Guild is approximately US$200 million.
Avocado Guild’s Series A fundraising has officially ended, with a joint lead investor of US$18 million @animocabrands @kyled116 @hashed_official #QCP Sotria
Thanks to our investors, and most importantly our fellow avocados.
It’s time to build the future of P2E. #avocadodao pic.twitter.com/mdAH9MzpHZ
— Avocado Guild? (@Avocadoguild) November 24, 2021
Avocado Guild is essentially a P2E blockchain game guild, which uses various successful games to support gamers.Blockchain gaming is a big event this year, according to one Recent studies, Most software engineers dedicated to the game field began to integrate blockchain technology.
“The core of every NFT player is the desire to succeed and live a better life,” the Avocado Association website details. “Avocado Association (AG) is an association that makes money from games. It aims to create life-changing opportunities and beneficial experiences for its community members.” According to the organization, the Series A financing was led by Animoca Brands and QCP Soteria Node.
In addition to QCP Soteria Node and Animoca Brands, Binance Smart Chain, Goldentree Asset Management, Polygon Studios, Three Arrows Capital and Solana Ventures also participated in this round of financing. According to Avocado Guild, the organization aims to expand into different P2E blockchain games and become a decentralized autonomous organization (DAO) called Avocadodao.
Playing profitable blockchain games has been a hot topic this year, and many people think this is the future of online and multiplayer games, while many others disagree with this vision.Ubisoft Mention Blockchain games in the recent earnings report and Microsoft’s recent executive vice president of games solve NFT games.Game giant Square Enix has consider Enter the blockchain gaming industry and Morgan Stanley Believe Yuan Festival is the next big investment theme.
What do you think of the Avocado Guild raising 18 million US dollars and its plan to become a DAO? Please tell us your thoughts on this topic in the comments section below.
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