Sky Mavis is a technology-focused game studio. It is a Vietnamese developer, that develops online video games to create virtual worlds with player owned-economies, marketplaces for trustless trading of unique digital assets, enables the gameplay characters to reach millions of players worldwide.
Sky Mavis was co-founded in 2019 by CEO- Trung Nguyen, COO- Aleksander Leonard Larsen, CTO- Viet Anh Ho, Art Director- Tu Doan, Growth Lead- Jeffrey Zirlin. It developed Axie Infinity, which is a digital pet universe game and players battle and had built Ronin Network specifically for blockchain gaming.
Sky Mavis developed Axie Infinity (founded in 2018), a play-to-earn[P2E] Non-Fungible Token (NFT) game developed by Sky Mavis, where players use cryptocurrencies to breed, trade, and battle digital pets called 'Axies' and earn crypto in the process.
Sky Mavis uses gamified blockchain, that could allow the user to create games with personalized avatar NFTs purchased with tokens, issued to users on the platform who play or watch the game. It has been building many games using Ronin blockchain.
Allows the players to battle and collect Axies while earning crypto.
Allows the players to sell or buy the collectibles to anyone and anywhere.
It is a launchpad for blockchain games. Build-a-guild, fundraise, grow.
It is a place to hold digital items and currencies earned by the players.
Ronin Network or RON is an Ethereum-linked sidechain made specifically for blockchain gaming built by Sky Mavis, a company that developed Axie Infinity. Ronin is an EVM-based[Ethereum Virtual Machine] blockchain developed for play-to-earn[P2E] games.
Katana is Ronin's native decentralized exchange. It allows anyone to trade tokens like AXS, SLP, RON, USDC, and WETH from their Ronin wallet anytime, anywhere. This enables players to buy and sell in-game currencies. It swaps easily between different tokens within Ronin ecosystem.
Helps to move/transfer assets from Ethereum to Ronin and vice versa.
It is an analytics platform, where it tracks transaction activity on Ronin.
Allows to purchase crypto on Ronin with fiat currencies.
Allows user to choose and help the validators and eventually earns crypto when chosen validators are selected. It also locks up AXS tokens and earns rewards.
Developer portal is available to improve and invest.
On the 23rd March 2022, Sky Mavis’ Ronin validator nodes and Axie DAO validator nodes were compromised resulting in 173,600 Ethereum and 25.5 million USDC drained from the Ronin bridge. It was considered to be the largest crypto heist to date, totaling a stolen amount of $625 million at the current market value then.
|Funding Type||Funding Round Closing||Amount Raised|
|Series C||April 6, 2022||$150,000,000|
|Series B||October 4, 2021||$152,000,000|
|Series A||May 11, 2021||$7,500,000|
|Seed||November 7, 2019||$1,500,000|
|Seed||August 2, 2019|
The total amount raised within 5 rounds of funding is about $311,000,000. The funds were meant to help reimburse the victims of the $625 million hack on the Ronin chain.
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