Heroes of Mavia closes $2.5M strategic funding round

Heroes of Mavia, a play-to-earn blockchain-based massively multiplayer online (MMO) strategy game created by Skrice Studios, has closed a $2.5 million strategic funding round led by Crypto.com (CRO/USD) Capital, Invezz learned from a press release.

Hashkey Capital, Merit Circle, GuildFi, YGG SEA, Avocado Guild and several other funds took part in the round.

Final private sale of MAVIA token, total of $8M raised

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The funding round marks the final private sale of the game’s native MAVIA token. It follows Mavia’s $5.5 million seed funding from well-known investors like Binance Labs and Genblock Capital, bringing the total amount raised to $8 million.

Bobby Bao, Managing Director of Crypto.com Capital, commented:

Crypto.com Capital is pleased to support Heroes of Mavia in its Strategic round, as it scales and prepares to launch in 2022. With its innovative mechanics spanning gameplay and base-building elements, as well as top quality graphics – we believe that Heroes of Mavia is well positioned to become a top AAA play-to-earn title.

What is Mavia?

The game is set on an eponymous island, where the player is a commander of a base. Each player’s goal is to grow their army and base using resources obtained from attacking other players’ bases. The game will transform the niche with exciting gameplay, intricate mechanics, and unique monetization features.

Tristan Chaudhry, Managing Director at Skrice Studios, said:

We are fortunate to have such strong partners backing our team in this latest fundraising round, and having Crypto.com as the lead investor further strengthens Mavia’s position in the NFT gaming space.

Heroes of Mavia brings bleeding-edge features to GameFi, delivers top quality graphics, and enables live streaming of every base in the Mavia ecosystem during attacks and defenses. Anyone can view the battles, which are recorded permanently.

Getting started with Heroes of Mavia

Players choose from three methods to occupy a plot of land: renting land, owning land, or partnering with a landowner. Each plot of land corresponds to a base. It’s easy to get started without much capital if you rent land or partner with a landowner.

MAVIA is the governance token, giving holders the ability to vote on decisions and determine the future of the ecosystem. They can also use it to trade and rent NFTs on the Mavia marketplace.