Heroes of Mavia Closes $5.5 Million Seed Round, Backed by Binance Labs

Heroes of Mavia announces the close of its current seed funding round with $5.5 million. Skrice Studios is helming the blockchain-based play-to-earn massively multiplayer online strategy game. The seed funding was in order to gain funds to develop the game, attract talent, and grow its community. 

Multiple well-established venture capital firms with an interest in blockchain gaming participated in the seed round. It was led by Binance Labs, with other investors including Genblock Capital, Yield Guild Games (YGG), Delphi Digital, Animoca Brands, Hashkey Capital, ExNetwork Capital, Double Peak Ventures, Mechanism Capital, Alameda Research, Merit Circle, and many more.

Bill Chin, Head of Investment at Binance Labs, says he believes in the potential of Mavia and the team behind it.

At a time when play-to-earn gaming is exploding in interest globally, we believe Mavia and the team behind it is positioned to be one of the top AAA-titles in the space.

Meanwhile, Tristan Chaudhry, Managing Director at Skrice Studios, expresses his thrill towards the results of the backing. As a result, he asserts the company’s claim to push the boundaries of what play-to-earn games can do.

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,

Heroes of Mavia is a P2E MMO Strategy Game that allows players to buy land, build a base, and battle other players. The goal of the game is to earn the main in-game token RUBY. Heroes of Mavia promises intricate gaming mechanics, exciting gameplay, and unique monetization features.

The game uses a dual token model: MAVIA and RUBY. MAVIA is the governance token of the game. It provides holders the ability to vote on important decisions, directing the future of the MAVIA game. Players will also use MAVIA for buying, selling, and renting NFTs on the MAVIA Marketplace.

While RUBY is the main play-to-earn currency of the game. Players earn the token by battling enemy armies and bases. They can use the token for over a dozen in-game purchases, NFT upgrades, skins, as well as decorations.