Avalon Secures $10M for First Blockchain Game

ChainPlay

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8 months ago

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Avalon, a pioneering Web3 gaming studio established by industry veterans from major gaming companies, recently secured a significant investment of $10 million in a funding round led by BITKRAFT Ventures and HASHED. This substantial funding is poised to propel the development of Avalon's debut blockchain gaming venture, AVALON.

The Genesis of AVALON: Bridging Web2 and Web3 Gaming

AVALON, the inaugural project by Avalon Studio, is a massively multiplayer online (MMO) game that breaks barriers between traditional Web2 gaming and the emerging Web3 landscape. Drawing on the rich experience of its creators, who have contributed to renowned gaming franchises such as EverQuest and Call of Duty, AVALON promises an immersive gaming experience with cross-world asset transfer capabilities.

At the heart of AVALON lies the empowerment of players through blockchain technology. Players are not only participants but creators, enabled to shape and own their in-game experiences. Leveraging advanced AI gaming technology, AVALON ensures dynamic gameplay with user-generated worlds, fostering a continuously evolving virtual universe.

Visionary Innovations: Unreal Engine 5 and AI-Assisted Content Creation

Sean Pinnock, Founder and CEO of AVALON, emphasizes the studio's commitment to cutting-edge technology. By integrating Unreal Engine 5 and AI-driven content creation tools, AVALON aims to deliver unparalleled visual fidelity and user-friendly game logic creation. The upcoming introduction of AI-powered avatar NFTs further underscores the studio's dedication to innovation.

BITKRAFT Ventures' Carlos Pereira envisions AVALON as a catalyst for the evolution of user-generated content (UGC) in gaming. Through AVALON's seamless integration of individual UGC-centric worlds into a unified gameplay experience, the studio aims to advance the concept of Synthetic Reality. This vision aligns with the growing demand for immersive, economy-driven gaming experiences with a strong crypto-genre focus.

Anticipated Release and Industry Impact

With development underway for both PC and cloud streaming platforms, AVALON is on track to launch its closed early access phase by the year's end. Baek Kim of HASHED anticipates AVALON's transformative impact on the MMO gaming landscape, citing the studio's innovative gameplay, technological prowess, and commitment to a cohesive online experience as driving factors behind the investment.

Through strategic partnerships, technological innovation, and a clear vision for the future of gaming, Avalon Studio emerges as a formidable player in the burgeoning Web3 gaming sphere, poised to redefine the gaming experience for players worldwide.