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Indie gamers Avalon gear up for global launch with $10 million investment

Apr 16, 2024 - pocketgamer.biz
Indie game studio Avalon has secured $10 million in a funding round led by BITKRAFT Ventures and Hashed to develop its first game, Avalon. The game is set to be a multiplayer experience allowing players to explore various worlds with their progress and assets intact. The studio, founded in 2021, is staffed by industry veterans from Microsoft, Sony, and Ubisoft and is working on an MMORPG experience that will cater to both traditional and modern gamers.

Avalon's CEO, Sean Pinnock, stated that the game will combine Unreal Engine 5 with AI-assisted user-generated content systems, enabling players to create game logic without coding. The studio also plans to launch an NFT collection featuring AI-powered avatar NFTs. The funding round also saw participation from Coinbase Ventures, Spartan Capital, Foresight Ventures, LiquidX, and Momentum6.

Key takeaways:

  • Indie game studio Avalon has raised $10 million in a funding round led by BITKRAFT Ventures and Hashed to develop its first game, a multiplayer experience that allows players to traverse various worlds with their assets and progress intact.
  • The Avalon universe will combine Unreal Engine 5 with AI-assisted user-generated content systems, enabling players to create game logic effortlessly.
  • Avalon also plans to launch an NFT collection that will bring AI-powered avatar NFTs to players, adding a new layer of innovation to the MMORPG genre.
  • The funding round also saw participation from Coinbase Ventures, Spartan Capital, Foresight Ventures, LiquidX, and Momentum6.
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