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P2E Organization Avocado Guild Raises $18 Million From Strategic Investors
According to an announcement from
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on Wednesday, the organization raised $18 million from strategic investors. The capital raise stemmed from the firm’s Series A funding round which gave Avocado Guild an overall valuation of around $200 million.Avocado Guild's Series A Fundraise has officially closed in at $18 Million co lead byLogin for hidden links. Log in or register now.Login for hidden links. Log in or register now.Login for hidden links. Log in or register now.Login for hidden links. Log in or register now.Soteria
Thank you to our investors, and most importantly our fellow Avocadians.
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— Avocado Guild(@Avocadoguild)
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Avocado Guild is essentially a P2E blockchain gaming guild that leverages various successful game titles in order to support the gamers. Blockchain gaming has been a big deal this year and according to a
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, a majority of software engineers dedicated to the realm of games are beginning to incorporate blockchain technology.“At the heart of every NFT player is the desire to succeed and lead a better life,” the Avocado Guild website details. “Avocado Guild (AG) is a play-to-earn guild that aims to unlock life-changing opportunities and rewarding experiences for its community members.” According to the organization, the Series A financing was led by Animoca Brands and QCP Soteria Node.
In addition to QCP Soteria Node and Animoca Brands, Binance Smart Chain, Goldentree Asset Management, Polygon Studios, Three Arrows Capital, and Solana Ventures participated in the financing round. According to Avocado Guild, the organization aims to expand to different P2E blockchain games and also become a decentralized autonomous organization (DAO) called Avocadodao.
Play-to-earn blockchain gaming has been a hot subject this year and many believe it is the future of online and multiplayer gaming, while many others disagree with that vision. Ubisoft
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blockchain gaming in a recent earnings report and the executive vice president of gaming at Microsoft recently
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NFT gaming. Game giant Square Enix has been
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entering the blockchain gaming industry and Morgan Stanley
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the metaverse is the next big investment theme.What do you think about Avocado Guild raising $18 million and its plans to become a DAO? Let us know what you think about this subject in the comments section below.