Hanoi, Vietnam, Feb. 22, 2022 — Heroes of Mavia, a blockchain-based play-to-earn (P2E) massively multiplayer online (MMO) strategy game developed by Skrice Studios, has announced the closing of its $2.5-million strategic funding round led by Crypto.com Capital. Other participants included HashKey Capital, Merit Circle, GuildFi, Yield Guild Games Southeast Asia, Avocado Guild and several other funds. 

The strategic round marks the final private sale of the MMO strategy game’s MAVIA token. It comes hot on the heels of Mavia’s $5.5 million in seed funding from Binance Labs, Genblock Capital and other well-known investors last month, raising the total amount to $8 million.

Bobby Bao, managing director of Crypto.com Capital, said, “Crypto.com Capital is pleased to support Heroes of Mavia in its strategic round as it scales and prepares to launch in 2022. With its innovative mechanics spanning gameplay and base-building elements, as well as top-quality graphics — we believe that Heroes of Mavia is well-positioned to become a top triple-A P2E title.”

Built on the Ethereum network, the game is set on a fantasy-themed island, Mavia, where the player commands a base. The 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.

Tristan Chaudhry, managing director at Skrice Studios, said, “We are fortunate to have such strong partners backing our team in this latest fundraising round, and having Crypto.com as the lead investor further strengthens Mavia’s position in the NFT gaming space.”

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 live-streamed during attacks and defenses. All the 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 a single base. By enabling players to rent from or partner with a landowner, the game makes it easier for them to get started with little-or-no upfront capital.

Heroes of Mavia uses a dual-token model, with MAVIA being the governance token that gives tokenholders the ability to vote on important decisions and direct the future of the game. MAVIA is also used for buying, selling and renting NFTs on the Mavia marketplace.

RUBY is the in-game P2E  token in the Heroes of Mavia, which players earn by battling enemy armies and bases. The token is used for more than a dozen in-game purchases, NFT upgrades, skins and decorations.

About Crypto.com Capital

Founded in March 2021, Crypto.com Capital is the venture arm of Crypto.com, and invests in seed and Series A crypto startups. With $500 million earmarked for investment, Crypto.com Capital seeks to accelerate the growth of early-stage crypto startups and operates on the principle of “founders first.” Crypto.com Capital seeks to form long-term strategic partnerships with founders and grow alongside them in their business.

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 RUBY. There are three NFT types in the game: Land, Heroes and Statues, and each can be bought and sold on the Mavia marketplace. RUBY is the game’s main P2E currency and can be earned by winning battles against other bases.

Media contact

Nania Tran, nania@mavia.com 

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