Avalon has received $13 million in investment to create a digital interoperable meta-universe. The funding is led by BITKRAFT Ventures, HASHED, Delphi Digital, Mechanism Capital, Coinbase Ventures, Yield Guild Games, Merit Circle, Avocado Guild and Morning Star Ventures.
A side note: Azra Games receives another $10 million in funding
The company has unique experience of the challenges designers face, and creates tools that can help solve them.
Whatever the digital future may be, it’s becoming clear that no single company can build it. At Avalon, we want to be the spark, we want to help create the worlds gamers have long dreamed of, with our own unique experiences.Jeff Butler, Product Director of Avalon
The funding will also enable the corporation to expand its workforce. Technically, the company is based in Orlando, Florida, but the team is scattered across many US cities and 10 countries. In total, there are 30 full-time employees and dozens more contractors. They intend to create a large company by the time the product the corporation is working on is ready.