Heroes of Mavia Seed Round Smashes $5.5 Million Funding

Heroes of Mavia bags $5 million in seed funding round
Binance labs is one of the firms that put interest in the project

Heroes of Mavia officially announces the closing success of its current seed funding amounting to $5.5 million. In detail, the event was organized to gather funds to enhance the game and attract talent to its growing community.

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The event attracted many well established venture capital firms that have interest in the blockchain gaming industry. These firms include, Binance Labs, Genblock Capital, Yield Guild Games (YGG), Delphi Digital, Animoca Brands, Hashkey Capital, and ExNetwork to name a few.

Bill Chin, Head of Investment at Binance Labs said,

At a time when play-to-earn gaming is exploding in interest globally, we believe Mavia and the team behind it is positioned to be one of the top AAA-titles in the space.

In terms of technology, Heroes of Mavia enables its players to buy land, build a base, and battle other players. Through this, players can earn the native token of the platform — RUBY.

Tristan Chaudhry, Managing Director at Skrice Studios, expresses his excitement about the play-to-earn project.

We are thrilled to have such strong backing from some of the largest and most influential investors in the space. We are proud to say that all of our partners share our vision for making Heroes of Mavia a leader in Blockchain Gaming, and we plan on pushing the boundaries of what Play-to-Earn games are capable of.

In other news, Axie Infinity recently introduced its new burn feature named Lunacian Express. The new feature will allow Axie owners to release their Axies “on a journey” to Lunacia, the virtual land of the game. In return, their Axie will retrieve a gift for them.