Indie game studio Avalon has successfully secured $10 million in funding from leading investors, including BITKRAFT Ventures and venture firm Hashed, to support the development of their inaugural game called Avalon.
As reported by VentureBeat, the Avalon ecosystem is poised to offer a multiplayer experience where players can seamlessly navigate through diverse worlds while retaining their assets and progress. Designed to cater to both traditional and modern gamers, AVALON will introduce a dynamic AI-powered world that adapts in real-time.
Founded in 2021 by industry veterans from top companies like Microsoft, Sony, and Ubisoft with experience in renowned franchises such as Call of Duty and Assassin’s Creed, Avalon is now dedicated to creating an MMORPG experience that appeals to players from both web2 and web3 communities.
Empowering players to create and play
Sean Pinnock, the founder and CEO of Avalon, envisions a universe that combines Unreal Engine 5 with AI-driven user-generated content systems, allowing players to effortlessly create game logic without the need for coding. BITKRAFT Ventures’ Carlos Pereira also notes that individual user-generated content-centric worlds will be unified through a central, interoperable gameplay experience, contributing significantly to the emergence of the Synthetic Reality.
In addition, the studio is gearing up to launch an NFT collection featuring AI-powered avatar NFTs that will introduce a new layer of innovation to reshape the MMORPG genre and empower players further.
The funding round also saw participation from prominent investors like Coinbase Ventures, Spartan Capital, Foresight Ventures, LiquidX, and Momentum6.
