{"id":42366,"date":"2021-05-12T17:33:23","date_gmt":"2021-05-12T14:33:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42366"},"modified":"2025-08-30T22:53:47","modified_gmt":"2025-08-30T19:53:47","slug":"mark-cuban-backs-axie-infinity-nft-game-in-funding-round","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/mark-cuban-backs-axie-infinity-nft-game-in-funding-round\/","title":{"rendered":"Mark Cuban backs Axie Infinity NFT game in funding round"},"content":{"rendered":"<p>Sky Mavis, the studio behind the NFT game Axie Infinity, raised $7.5 million in a Series A funding round. Investors included billionaire Mark Cuban and Reddit cofounder Alexis Ohanian.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">What a journey so far!<\/p>\n<p>We couldn\u2019t have done it without our amazing community. <a href=\"https:\/\/t.co\/M9Ikhj1ORE\">https:\/\/t.co\/M9Ikhj1ORE<\/a><\/p>\n<p>\u2014 Sky Mavis (@SkyMavisHQ) <a href=\"https:\/\/twitter.com\/SkyMavisHQ\/status\/1392102777958981632?ref_src=twsrc%5Etfw\">May 11, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The round was led by Libertus Capital. It also included Collab + Currency, DeFi Alliance, Animoca Brands, BlockTower Capital, and others.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;In Axie you want to play for hours. Add an economy, and you\u2019ll have something special. I am very glad to become part of this&#8221;<\/em>, \u2014 said Mark Cuban.<\/p>\n<\/blockquote>\n<p>Sky Mavis will use the funds to integrate the Ronin sidechain for Ethereum, aiming to lower the entry barrier for players.<\/p>\n<p>The studio will also recruit more experienced developers from the traditional gaming world to boost the appeal of Axie Infinity.<\/p>\n<p>The creators of the play-to-earn <span data-descr=\"gamers earn cryptocurrency and NFTs through in-game activities\" class=\"old_tooltip\">play-to-earn<\/span> game say that its daily active user base is 41,000, and the NFT trading volume per month is $15 million.<\/p>\n<p>Earlier, the billionaire invested in NFT marketplace <a href=\"https:\/\/forklog.com\/en\/news\/nft-marketplace-superrare-raises-9m-from-mark-cuban-and-samsung\">SuperRare<\/a> and social network <a href=\"https:\/\/forklog.com\/en\/news\/nft-social-network-niftys-secures-investment-from-mark-cuban-and-joseph-lubin\">Nifty<\/a> built on non-fungible tokens.<\/p>\n<p>Earlier in February, the billionaire spoke of <a href=\"https:\/\/forklog.com\/en\/news\/mark-cuban-defi-and-nfts-hold-huge-potential-for-the-next-decade\">the enormous potential of NFTs<\/a> over the next decade.<\/p>\n<p> Subscribe to ForkLog\u2019s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sky Mavis, the studio behind the NFT game Axie Infinity, raised $7.5 million in a Series A funding round. Investors included billionaire Mark Cuban and Reddit cofounder Alexis Ohanian.<\/p>\n","protected":false},"author":1,"featured_media":42367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1551,1213,1133],"class_list":["post-42366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-mark-cuban","tag-nft","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"41","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=42366"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42366\/revisions"}],"predecessor-version":[{"id":42368,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42366\/revisions\/42368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/42367"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=42366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=42366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=42366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}