Avalon Corp. CEO, Sean Pinnock, reveals a $13 million funding round to build a “new interoperable digital universe”. The round was led by Bitkraft Ventures, Hashed, Delphi Digital, and Mechanism Capital. Participation came from Coinbase Ventures, Yield Guild Games, Merit Circle, Avocado Guild, and Morning Star Ventures.
The round also included Kevin Lin (cofounder of Twitch), Charlie Songhurst (former head of corporate strategy at Microsoft), Dennis Fong (CEO of GGWP), and Robin Jung (previous CEO of Pearl Abyss).
Avalon Corp. says it is developing a platform and tools to revolutionize how games and virtual experiences are built. Sean Pinnock stated that he “foresees an interoperable universe, tied together through technologies such as game engines and blockchain technology”.