HomeRegulationBinance Labs, Genblock Capital lead $5.5 million seed round for Heroes of...

Binance Labs, Genblock Capital lead $5.5 million seed round for Heroes of Mavia

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Skrice Studios is pleased to announce the completion of its $5.5 million seed funding round for Heroes of Mavia, a blockchain-based play-to-earn massively multiplayer online (MMO) strategic game. The funds will be used to improve the game, attract great talent, and expand the community.

Several well-known venture capital firms participated in the seed round, indicating a considerable interest in blockchain gaming. Binance Labs led the round, with participation from Genblock Capital, Delphi Digital, Mechanism Capital, Alameda Research, Animoca Brands, YGG, YGG SEA, ExNetwork Capital, Double Peak Ventures, Merit Circle, Hashkey Capital, and a number of angel investors.

Bill Chin, Head of Investment at Binance Labs, stated that

“At a time when play-to-earn gaming is exploding in interest globally, we believe Mavia and the team behind it is positioned to be one of the top AAA-titles in the space.”

Tristan Chaudhry, Managing Director of Skrice Studios, claimed that

“We are thrilled to have such strong backing from some of the largest and most influential investors in the space. We are proud to say that all of our partners share our vision for making Heroes of Mavia a leader in Blockchain Gaming, and we plan on pushing the boundaries of what Play-to-Earn games are capable of,”

The game, which is built on Ethereum, is situated on “Mavia,” a fantasy-themed island where the user is the commander of a castle. Each player’s goal is to expand their base and army by stealing resources from other players’ bases. It’s complicated physics, interesting gameplay, and novel monetization options promise to revolutionise the NFT gaming landscape.

Heroes of Mavia is a game with AAA-quality graphics and cutting-edge features that is available on GameFi. It allows for live streaming of attacks and defences from every base in the Mavia ecosystem. All battles are recorded in perpetuity and can be viewed by anybody at any time.

To begin, players must have at least one piece of land, which can be obtained in one of three ways: by purchasing land, renting land, or partnering with a landowner. In the game, a single base can be built on a single plot of ground. The game makes it easier for players to get started with little or no initial capital by allowing them to rent from or partner with landowners.

Heroes of Mavia employs a dual token format, with MAVIA serving as the governance token, allowing holders to vote on crucial choices and shape the game’s destiny. On the Mavia Marketplace, the MAVIA token is also used to buy, trade, and rent NFTs.

RUBY is the Heroes of Mavia game’s in-game play-to-earn token. Battles against enemy armies and bases generate RUBY for the players. The token can be used for a variety of in-game purchases, including NFT improvements, skins, and decorations.

Heroes of Mavia: an overview

Heroes of Mavia is a P2E MMO Strategy Game in which players purchase land, create a base, and compete for the in-game coin RUBY. Land, Heroes, and Statues are the three NFT categories in the game, and they may all be bought and sold on the Mavia marketplace. RUBY is the game’s primary play-to-earn currency, which can be acquired by defeating other bases in battle.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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