Hanoi, Vietnam, Jan. 21, 2022 — Heroes of Mavia, a blockchain-based play-to-earn massively multiplayer online (MMO) strategy game developed by Skrice Studios, is thrilled to announce the closing of its $5.5-million seed funding round. The project will use the proceeds to develop the game, attract top talent and grow the community.
The seed round saw participation from well-known venture capital firms that have shown a strong interest in blockchain gaming. This round was led by Binance Labs, with other investors, including Genblock Capital, Delphi Digital, Mechanism Capital, Alameda Research, Animoca Brands, Yield Guild Games, Yield Guild Games Southeast Asia, Exnetwork Capital, Double Peak Group, Merit Circle, HashKey Capital and many more.
Binance Labs head of investment Bill Chin said, “At a time when play-to-earn gaming is exploding in interest globally, we believe Mavia and the team behind it are positioned to be one of the top triple-A titles in the space.”
“We are thrilled to have such strong backing from some of the largest and most influential investors in the space. We are proud to say that all of our partners share our vision for making Heroes of Mavia a leader in blockchain gaming, and we plan on pushing the boundaries of what play-to-earn games are capable of,” said Tristan Chaudhry, managing director at Skrice Studios.
Built on the Ethereum network, the game is set on a fantasy-themed island called Mavia, where the player commands a base. Each player’s objective is to grow their base and army using resources obtained from attacking others’ bases. It promises to change the nonfungible token (NFT) gaming landscape with its intricate mechanics, exciting gameplay and unique monetization features.
Heroes of Mavia delivers triple-A-quality graphics and brings cutting-edge features to GameFi. It allows every base in the Mavia ecosystem to be livestreamed during attacks and defenses. All battles are permanently recorded and can be viewed by anyone, forever.
To get started, players need to occupy at least one plot of land through one of three methods: owning land, renting land or partnering with a landowner. One plot of land can hold just a single base in the game. By enabling players to rent from a landowner or partner with them, the game makes it easier to get started with little or no upfront capital.
Heroes of Mavia uses a dual-token model, with the governance token, MAVIA, giving holders the ability to vote on important decisions and direct the future of the Mavia game. MAVIA token is also used for buying, selling and renting NFTs on the Mavia marketplace.
RUBY is the in-game play-to-earn token in Heroes of Mavia. Players earn RUBY by battling enemies’ armies and bases. The token is used for more than a dozen in-game purchases, NFT upgrades, skins and decorations.
About Heroes of Mavia
Heroes of Mavia is a triple-A MMO strategy game allowing players to buy land, build a base and battle other players for the in-game token RUBY. Three NFT types exist in the game — land, heroes and statues — and each can be bought and sold on the Mavia marketplace. RUBY is the main play-to-earn currency in the game and can be earned by winning battles against other bases.
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