According to Wednesday’s announcement, a play-to-earn blockchain gaming community has raised $18 Million in Series A funding rounds. Avocado Guild explained that Avocado Brands raised funds from investors like Animoca Brands and Goldentree Asset Management. Three Arrows Capital and Solana Ventures were also involved.
P2E Organization Avocado Guild raises $18 million from strategic investors
Avocado Guild has announced that they have raised $18million from strategic investors, according to a Wednesday announcement. The capital raise stemmed from the firm’s Series A funding round which gave Avocado Guild an overall valuation of around $200 million.
Our investors, but most importantly our fellow Avocadians, thank you.
— Avocado Guild 🥑 (@Avocadoguild) November 24, 2021
Avocado Guild, essentially, is a P2E gaming community that uses a variety of successful games to help gamers. The rise of blockchain gaming was a major topic this year. A recent survey revealed that most software engineers working in the field of games have begun to use blockchain technology.
“At the heart of every NFT player is the desire to succeed and lead a better life,” the Avocado Guild website details. “Avocado Guild (AG) is a play-to-earn guild that aims to unlock life-changing opportunities and rewarding experiences for its community members.” According to the organization, the Series A financing was led by Animoca Brands and QCP Soteria Node.
QCP Soteria Node, Animoca Brands and Binance Smart Chain were also part of the funding round. Also, Goldentree Asset Management and Polygon Studios participated. Three Arrows Capital and Solana Ventures are three other participants. Avocado Guild says the company plans to grow to other P2E Blockchain games as well as become an autonomous decentralized organization (DAO), Avocadodao.
The topic of play-to earn blockchain gaming was a big one this year. Some believe it’s the future for online and multiplayer gaming. Others disagree. In a recent earnings report, Ubisoft included blockchain gaming and Microsoft’s executive vice president for gaming recently spoke out on NFT gaming. Square Enix is rumored to be entering the blockchain gaming market, and Morgan Stanley considers that the metaverse could become the next great investment topic.
Are you happy with Avocado Guild’s $18 million fundraising and plans to be a designated autonomous organization (DAO)? Please comment below to let us know your thoughts on this topic.
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