Ethereum-based play-to-earn game Heroes of Mavis recently completed its seed funding round where it raised $5.5 million from web3 and metaverse investors, including Binance Labs.
Binance and others invest in Heroes of Mavia
According to a press release shared with CryptoPotato, the project intends to use the new capital injection to further develop the game, attract top talent and expand its community of supporters.
The seed funding round was led by Binance Labs and saw contributions from several notable venture capitalists. These include Delphi Digital, Genblock Capital, Mechanism Capital, Alameda Research, Animoca Brands, YGG, YGG SEA, ExNetwork Capital, Double Peak Ventures, Merit Circle, Hashkey Capital, and many other angel investors.
Binance Labs Chief Investment Officer Bill Chin said, “At a time when gambling is exploding around the world, we believe Mavia and the team behind it are positioned to be one of the best AAA space titles. .”
MMO strategy game
Developed by Skrice Studios, Heroes of Mavia is a massively multiplayer online (MMO) strategy game that takes place on a fantasy-themed island called “Mavia”. There, the player is the commander of a base with the sole objective of developing his vase and his army using the resources obtained by attacking the bases of others.
The game offers players AAA-quality graphics and brings state-of-the-art features to GameFi, allowing every base in the Mavia ecosystem to be live streamed during attacks and defenses. This approach ensures that battles are permanently recorded and can be viewed by anyone, forever.
The game uses a dual-token model, where MAVIA is its governance token, which allows holders to vote on certain decisions regarding the game and is used to buy and rent NFTs on the Mavia marketplace.
The second token is Ruby, an in-game currency that can be earned by winning battles and used to make purchases.
Heroes of Mavia has the lofty goal of changing the entire NFT gaming landscape with its complex mechanics, thrilling gameplay, and unique monetization features.
Commenting on the success of the fundraiser, Tristan Chaudhry, Managing Director of Skrice Studios, said:
“We are thrilled to have such strong support from some of the largest and most influential investors in the industry. We are proud to say that all of our partners share our vision of making Heroes of Mavia a leader in Blockchain. Gaming, and we plan to push the boundaries of what Play-to-Earn games are capable of.
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