Avalon Raises $10M In Funding

Avalon, an Orlando, FL-based independent game studio, raised $10m in funding.

The round was led by Bitkraft Ventures and Hashed, with participation from Coinbase Ventures, Spartan Capital, Foresight Ventures, LiquidX, and Momentum6.

The company intends to use the funds to develop their debut eponymous title, a multiplayer online game with interoperability of assets and progression between worlds designed for web2 and web3 gamer appeal.

Led by Sean Pinnock, Founder and CEO, Avalon is a multiplayer online game designed from the ground up to empower players to create, share, play, and take ownership of their experiences. It 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 its 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.

Avalon is currently under development for PC and cloud streaming.