Avalanche collaborates with Pixion Games, enabling $5.5m seed funding for innovative web3 gaming studio

By Lola Coin Jun 27, 202379Views

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Web3 gaming studio Pixion Games has raised $5.5 million in its seed funding round, with investors including the Blizzard Fund of the Avalanche Foundation, Shima Capital, and ReadyPlayerDAO. The funds will be used to develop Pixion Games’ upcoming action-based RPG, Fableborne, which integrates web3 technology and allows players to interact with on-chain assets on the Avalanche network. The studio is also working on a LiveOps powered by tournaments model. The successful funding round comes amidst a trend of increased investment in blockchain gaming, with Illuvium securing $10 million and Dapper Labs raising $305 million. Blockchain gaming revenue has reached $476 million, according to a DappRadar report.

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