ORLANDO, Florida., — April 15, 2024 — AVALON, an independent game studio, today announced a $10 million funding round co-led by BITKRAFT Ventures and HASHED, with participation from Coinbase Ventures, Spartan Capital, Foresight Ventures, LiquidX, and Momentum6. The investment is going towards creating their first game, AVALON. It’s going to be a cutting-edge online multiplayer game where players can move between different worlds, with their assets and progress carrying over. It’s aimed at both traditional and modern gamers who enjoy web-based gaming.
The studio was founded in 2021 and includes award-winning leaders from industry-leading studios including Microsoft, Sony, Capcom, Infinity Ward, and Ubisoft. The team has a proven track record of conceiving, developing, shipping, and sustaining AAA titles across genres, including massively multiplayer online role-playing games, adventure games, and competitive shooters for iconic IPs like Call of Duty, EverQuest and Assassin’s Creed.
AVALON is a massively multiplayer online game designed from the ground up to empower players to create, share, play, and take ownership of their experiences. AVALON is a world that grows with and around players, featuring characters that interact in real-time with players in ways never seen before, made possible through a partnership with artificial intelligence pioneers Didimo and Inworld AI. Players can experience AVALON Core, the main gameplay mode designed by the studio, as well as separate, user-generated worlds and experiences, bringing their heroes, items, and progression across worlds.
“The AVALON universe prioritizes delivering an immersive gameplay experience by combining cutting-edge tech like Unreal Engine 5 with AI-assisted user-generated content systems. Our emphasis on a no-code solution allows players to easily create game logic without needing to code. Plus, our upcoming NFT collection will introduce AI-powered avatar NFTs, adding another layer of innovation,” said Sean Pinnock, Founder and CEO of AVALON.
“AVALON enables players to build nearly limitless, dense worlds that are high in visual fidelity without having to understand performance constraints, which is the next evolution of UGC. These individual UGC-centric worlds are in turn united through a central, interoperable gameplay experience. We believe that through vibrant, complex and yet easy-to-build UGC experiences AVALON can make a significant contribution to the rise of the Synthetic Reality, and with it enable experiences with deep economies and high crypto-genre fit,” commented Carlos Pereira, Partner at BITKRAFT Ventures.
About AVALON
AVALON is a web3-based MMORPG that leverages groundbreaking AI and blockchain technologies to create a decentralized and player-centric gaming ecosystem. With an immersive storyline, stunning visuals, and seamless gameplay, AVALON promises to deliver an unparalleled gaming experience to players worldwide. For more information, visit playavalon.com.
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