Tuesday , October 4 2022

Samsung joins $150 million investment round from the company behind Axie Infinity


By hannah perez

Samsung’s investment arm has participated in the latest investment round from Sky Mavis, the company that developed Axie Infinity. Samsung has already supported the blockchain gaming industry.


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SamsungTech equipment giant takes a step forward to support the growing gaming industry blockchain.

Investment subsidiary of the technology giant, Samsung Nextjoins US$152 million Series B tour sky blue, game company blockchain popular developer based in Vietnam Play axis infinity.

As previously reported DailyBitcoin, the latest investment round is led by venture capital firm, Andreessen Horowitz, A16zand places the decentralized video game company at a valuation of close to $3 billion. The latest funding injection comes shortly after the $7.5 million Series A announced on May 11, 2021.

Axie Infinity continues to grow

In addition Samsung, other leading companies also participated in the investment tour. Among them was the cryptocurrency exchange. FTX, paradigm, Standard Crypto, acceleration, Fabric Initiatives, among others.

axis infinity is a Play-Win game based on blockchain which has grown rapidly this year. Similar to Pokémon, this video game makes use of: tokens It cannot be spent (NFT) to allow its players to spawn collectible monsters and earn money in the process.

Despite being released in 2018, the game has grown in popularity in recent months. according to incoming data DappRadar, axis infinity In the last 30 days, it has earned a record income of close to 500 million dollars.

maker axis infinity In his statement, he said that the capital raised in the last round was “creating economic and financial freedom for players“and I add:

While we have scaled at an astonishing rate, adding institutional investors to our community will allow us to expand our reach, strengthen our legitimacy when it comes to regulatory protection, and give us the flexibility to scale and contract aggressively.

Samsung supports NFT gaming industry

Even if there are games based on digital currencies and NFT blocked by South Korea Games Administration and Classification Committee, Samsung took a step to invest in the company in the rear axis infinity. According to some experts, the reason for this decision may be the high performance of the world-famous video game in recent months.

On the other hand, it can also be a sign of recognition. Samsung the video game industry gives blockchain and NFT, despite local regulations. This isn’t the tech giant’s first investment in this industry. Last year, Samsung had already participated in an investment round Stylish Labs, the NFT company behind the projects NBA Best Shot and CryptoKitties.

The South Korean provider also reported a software update in May to add support for decentralized apps (DApp) and virtual currencies on its smartphones. Galaxy. Also, I already added the app Best Shot to your app store Galaxy last year.

this should be noted this is not the first Samsung is associated with axis infinity. According to a blog post by Axie, Samsung Blockchain Wallet added support for Axie in October 2019, allowing users of such devices to play and collect Axies directly from their mobile phones.

Recommended Resources

Resources: Refuse, cointelegraph, CoinDesk, MobileWorldLive, file

Version Hannah Estefania Pérez / DailyBitcoin

Image from Unsplash

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