Avalon raises $13M to build an interoperable digital universe

02/28 14:34

Avalon Corp. has raised $13 million in funding to build a new interoperable digital universe. The company is building a platform for games that could one day take advantage of the metaverse. It foresees an interoperable universe, tied together through technologies such as game engines and blockchain technology. Bitkraft Ventures, Hashed, Delphi Digital, and Mechanism Capital led the round, with participation from Coinbase Ventures, Yield Guild Games, Merit Circle, Avocado Guild and Morning Star Ventures. The round also included Kevin Lin, cofounder of Twitch; Charlie Songhurst, former head of corporate strategy at Microsoft; Dennis Fong, CEO of GGWP; and Robin Jung, previous CEO of Pearl Abyss.
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