The metaverse gaming platform Avalon Corp has recently garnered widespread attention, successfully completing two significant funding rounds totaling $23 million. This not only reflects investors' confidence in Avalon but also highlights its immense potential in the blockchain gaming sector.
In February 2023, Avalon Corp secured $13 million in funding, co-led by Bitkraft Ventures, Hashed, Delphi Digital, and Mechanism Capital, with participation from Coinbase Ventures, Yield Guild Games, Merit Circle, Avocado Guild, and Morningstar Ventures. In April 2024, the crypto gaming studio Avalon raised an additional $10 million, with Bitkraft and Hashed leading the round, and other investors including Coinbase Ventures, Spartan Capital, LiquidX, and Momentum6.
Avalon Corp is dedicated to leveraging blockchain technology and advanced game engines to create a truly "digital universe" platform. While the blockchain and cryptocurrency sectors are not without bad actors, Avalon aims to use these emerging technologies to provide high-quality services to users, viewing blockchain as "a perfect choice to break paradigms."
Avalon's successful fundraising not only lays a solid foundation for its future development but also highlights the growing potential for blockchain technology in the metaverse. So, how did Avalon stand out among numerous competitors?
Understanding Avalon Corp and the Future Trends in Web3 Gaming
Avalon Corp is an independent game studio focused on online games and experiences, dedicated to revolutionizing the game development process through innovative methods. Recently, the company successfully raised $10 million, which will be used to develop their first game, also named Avalon. This next-generation MMORPG aims to attract both Web2 and Web3 gamers. Avalon’s vision is to create a true “digital universe” platform using blockchain technology and advanced game engines.
Proudly calling itself a "people-first" studio, Avalon emphasizes fun and teamwork in the game creation process. The company believes in proper planning over long hours and finds that a self-driven remote team is more effective. Avalon’s team includes veteran leaders from renowned studios such as Microsoft, Sony, Capcom, Infinity Ward, and Ubisoft, bringing extensive experience in conceptualizing, developing, releasing, and maintaining various AAA games.
The Avalon team is passionate and accomplished, united by a vision to create something that makes the world better. CEO Sean Pinnock stated, “The Avalon universe combines cutting-edge technologies like Unreal Engine 5 with an AI-assisted user-generated content system to deliver immersive gaming experiences. We focus on no-code solutions to enable players to easily create game logic. Additionally, our upcoming NFT series will introduce AI-driven avatar NFTs, adding another layer of innovation.”
Avalon’s uniqueness lies in its innovative technology and user experience. Utilizing a modular kit system for rapid and virtually limitless construction methods, enhanced by Unreal Engine’s Nanite and Lumen, the company has developed several new unique technologies that promise to revolutionize game creation and gameplay. Pinnock emphasized, “Creating should feel like playing a game, and this philosophy is embedded in our development process.”
Avalon's success is attributed not only to its technological innovations but also to its deep understanding of the metaverse and Web3. Pinnock noted, “Blockchain is just a decentralized database; players care whether the application is enjoyable or solves their problems. We are dedicated to developing a fun game, and we firmly believe that if presented correctly, digital ownership and decentralization will enhance the user experience.”
Overall, Avalon, through its innovative technology and focus on player experience, is poised to stand out in the highly competitive gaming market. As game development progresses, Avalon will continue to attract top global talent to collaboratively build an infinite possibility digital universe.
Key Details That Could Make Avalon a Hit
Avalon is an MMORPG developed using Unreal Engine 5, integrating the benefits of blockchain technology. Set in a fantasy medieval kingdom, players can explore a dangerous and mysterious world with their characters and compete for rare NFT rewards. Players have full ownership of all their in-game items, ensuring their investments and efforts are fully protected.
Currently, Avalon is in early access, and the game is still under development, meaning significant changes may occur in the future. Players can choose to participate during the development phase to experience the early version or wait for the official release for the complete experience. During early access, players might encounter unforeseen issues or new game elements.
Avalon supports blockchain and NFT technology, allowing players to trade using cryptocurrency and make in-game purchases to acquire digital assets. All related transactions and activities are handled by the game publisher. Players should understand the relevant knowledge to better manage the risks associated with digital assets before participating in the game.
The story of Avalon is set in a medieval fantasy kingdom inspired by Arthurian legends and an alternate history of the Templar Knights. Players will explore this world, uncovering the secrets of the Templars and earning cryptocurrency and rare NFT rewards through adventures and battles. The game offers various modes of play, including active play-to-earn and passive earn-to-play economic models. Players can acquire resources through purchasing, leasing, or collaboration and can build and manage real estate within the game.
"Avalon: The Game" is currently in development and will be released in stages. The first closed Alpha test began in January 2023, with a public Beta test scheduled for October 2023. These testing phases have attracted over 500 seasoned MMO players, contributing to the game's development. The game is transitioning from Unreal Engine 4 to Unreal Engine 5, and the development team will regularly open the game to the public to share progress.
Avalon's current development stage includes various gameplay elements such as:
1. PVE exploration on the Genesis map.
2. PVP arena battles.
3. Three types of multiplayer team raids (currently limited to six-player squads).
4. Dragon-mounted aerial PVP combat.
5. Both first-person and third-person perspectives.
6. Multiple ground mounts and a portal system.
7. Systems for gathering, hunting, fishing, cooking, baking, and repairing.
8. An extensive world economy featuring mills, taverns, stables, and blacksmith shops.
Avalon’s world consists of twelve kingdoms, each with its own online server network. Each kingdom will include a main castle, twenty villages, ten towns, seven ports, surrounding seas, and endless dungeons. Players can travel freely between kingdoms once they reach level 20 or own a house, service building, or portal in a kingdom.
Future updates will introduce more themes and allow players to create their own. Avalon will feature real-time character interactions with players, enabled by partnerships with AI pioneers Didimo and Inworld AI, offering a unique gaming experience. As development progresses, Avalon will continue to attract top global talent to build an expansive digital universe.
How to Participate in Avalon’s Airdrop? Development Progress and Future Outlook
Avalon is an innovative MMORPG that combines blockchain technology and Unreal Engine 5, gradually making its way to the market. Its unique game mechanics and highly immersive experience set it apart in the blockchain gaming sector. Recently, Avalon launched the Genesis Mining Festival in collaboration with multiple ecosystem projects, offering token airdrop rewards worth over $24.35 million. This event runs from May 27 to June 10, aiming to attract more players to engage with the game and enhance on-chain interactions, boosting platform activity.
During the Genesis Mining Festival, users can earn airdrop eligibility and win generous token rewards by completing various on-chain interaction tasks, such as adding liquidity, creating trades, and borrowing assets. Additionally, users can participate in social tasks to earn platform points, which may be linked to future token airdrops.
Although a full version of the game is not yet available for experience, users can participate in social tasks to earn platform points by following these steps:
1. Log in: Visit the Avalon interaction website, click "CONNECT X," and log in by linking your Twitter account.
2. Complete tasks: Fulfill social tasks such as following, liking, and retweeting relevant Twitter content, and linking accounts like METAMASK, STEAM, TWITCH, and DISCORD to earn points.
3. Daily Spin: Participate in a daily spin game to win more points (not yet available).
"Avalon: The Game" is currently in development and will be released in stages. The first closed Alpha test began in January 2023, with a public Beta test scheduled for October 2023. These testing phases have attracted over 500 seasoned MMO players, contributing to the game's development. The game is transitioning from Unreal Engine 4 to Unreal Engine 5, and the development team will regularly open the game to the public to share progress.
Despite the current lukewarm interest in the GameFi sector, Avalon’s strong funding background and innovation make it a project worth watching. Avalon has completed two funding rounds, raising over $23 million, laying a solid foundation for its further development and promotion. Avalon’s unique game mechanics and highly immersive experience showcase its vast potential in the metaverse and blockchain gaming realms. As development advances and the market tests its offerings, Avalon is poised to secure a significant position in the future gaming market, becoming a benchmark in the blockchain gaming industry. We look forward to Avalon bringing more innovation and surprises to players, leading the future development of blockchain games.
