P2E game Heroes of Mavia closes $5.5M seed round

Heroes of Mavia, a blockchain-based play-to-earn massively multiplayer online (MMO) strategy game developed by Skrice Studios, has closed a $5.5 million seed funding round, Invezz learned from a press release. The funds will be used to attract top talent, develop the game, and grow the community.

Binance Labs led the round

The seed round was led by Binance Labs with participation from well-known VC firms and investors such as Animoca Brands, Alameda Research, Genblock Capital, Delphi Digital, Mechanism Capital, YGG, YGG SEA, and more.

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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.

Tristan Chaudhry, Managing Director of Skrice Studios, commented:

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.

What is Heroes of Mavia?

The game runs on Ethereum (ETH/USD) and is set on the island of Mavia. Players are commanders of a base and their goal is to grow it using resources, obtained from attacking other bases. The game is transforming the NFT landscape with fascinating gameplay, intricate mechanics, and unique monetization features.

In the game, every base can be live streamed during attacks and defenses. Anyone can view battles at any time in the future because they are permanently recorded. You can get started with little or no upfront capital.

Game uses MAVIA and RUBY

Heroes of Mavia uses a dual token model, the two tokens being MAVIA and RUBY. MAVIA is the governance token and enables holders to vote on important decisions, determining the future of the Mavia game. It is also used to trade NFTs on the Mavia Marketplace.

Within the game, RUBY is the play-to-earn token, which players earn by battling enemy armies and bases. It can be used for in-game purchases, decorations, skins, and NFT upgrades.