Heroes Of Mavia Lands $5.5 Million In Funding For Its P2E MMO Strategy Game

Things are moving in the right direction for Heroes of Mavia, the up-and-coming blockchain-based play-to-earn MMO out of Vietnam. A recent $5.5 million seed funding round confirms growing interest in MMO strategy games with P2E mechanics. 

Heroes Of Mavia In A Nutshell

There is growing momentum in the play-to-earn gaming segment. Ever since Axie Infinity noted strong momentum and growth, other projects have come to market, exploring similar mechanics to empower players across the board. Developing a superior gaming experience to earn real money takes money, time, and effort. Any project completing a funding round in the space is worth keeping an eye on, and Heroes of Mavia falls into that category too. 

For those unaware, Heroes of Mavia positions itself as a play-to-earn MMO strategy game developed by Skrice Studios. Players can buy land, build their base, and battle other players for in-game RUBY token rewards. Additionally, in-game assets – such as Land, Heroes, and Statues – are non-fungible tokens supported by the native marketplace. Additionally, all combat is live-streamed and permanently recorded for anyone to view whenever they want. 

Heroes Of Mavia is built on Ethereum, the most prominent blockchain in the world today. Every player commands its base and needs to expand its size and army through resources obtained from attacking other players. Moreover, there will be unique monetization features and intricate mechanics, contributing to the AAA gaming experience the developers aim to provide. 

Getting involved in the game requires owning at least one plot of land – either by owning it directly, renting it from a player, or partnering with a landowner. Every plot can hold one base. However, letting players rent from other players makes it easier to get involved in Heroes of Mavia without making substantial upfront investments. 

Successful Seed Funding Boosts Momentum

The Heroes of Mavia team recently announced the completion of a $5.5 million seed funding round. The round noted strong participation from renowned investors, including Binance Labs (lead), Genblock Capital, Alameda Research, Animoca Brands, YGG, Merit Circle, and various angel investors. 

Skrice Studios’ Managing Director Tristan Chaudhry comments:

“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.“

The seed funding will allow Skrice Studios to develop the game further – including its dual-token approach to separate the governance token from the in-game currency – and attract top talent to grow its team. Moreover, the company will focus on growing its community ahead of the game launch.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.