A game in Vietnam is invested 7.5 million USD

Sky Mavis, the Vietnamese startup behind the game applying blockchain platform, was invested $ 7.5 million by billionaire Mark Cuban and some investors.
According to the Nikkei billionaire Mark Cuban and some investors poured $ 7.5 million into Sky Mavis to continue growing Axie Infinity . A startup representative said he would use the money to recruit human resources, promote the game to more people.

At the Series A fundraising round, 19 institutions and 21 individual investors participated in leading Axie Infinity including Alexis Ohanian, co-founder of Reddit and Kevin Lin, co-founder of social network Twitter. 500 Startups Vietnam investment fund also participated in leading the fundraising round. Start-up to develop game platform NFT in Vietnam is invested 7.5 million USD. Photo: Nikkei. Sky Mavis said the NFT will change the way the game is designed. While the traditional form is pay-to-play, NFT allows players to pay to own items, or special skills, of a character in the game. They can trade in-game assets as an investment. Launched in 2018 by Trung Nguyen and Jeff Zirlin, Axie Infinity is a virtual land trading and exchange game based on blockchain platform, also known as NFT (non-fungible token). In early 2021, NFT became a fever when photos, music and videos were traded for millions of dollars. In March, Twitter CEO Jack Dorsey sold his first tweet on the NFT for nearly $ 3 million. Buyers will be sent a certificate with Dorsey’s signature and the tweet’s original metadata. Just a few days later, a series of NFT items were sold at high prices, one of which included a photo Everydays: The First 5,000 Days author Beeple (real name Mike Winkelmann) with the amount of 69.3 million USD, although many experts warn NFT could be a speculative bubble. Billionaire Mark Cuban, investor in the program Shark Tank has repeatedly supported Bitcoin, Ethereum and other cryptocurrencies. “Axie is an interesting and interesting background,” Sky Mavis quoted Cuban. Eddie Thai, partner of 500 Startups Vietnam, said NFT is valuable with features such as “buying, developing and selling game items at will”. Nikkei Vietnam is not an unfamiliar name in the world gaming industry when programmer Dong Nguyen was once famous for the game Flappy Bird . Things to know about NFT – the new fever of the world NFT stands for Non-Fungible Token. This is a crypto token on the blockchain that represents a single asset class.