Avocado Guild raises $18 mn in funding round led by Animoca Brands

Avocado Guild has announced that it has raised $18 million from strategic investors. The capital raise arise from the firm’s Series A funding round which gave Avocado Guild an overall valuation of around $200 million. According to the organization, the Series A financing was led by Animoca Brands and QCP Soteria Node.

Avocado Guild is actively building a P2E blockchain gaming guild that features various successful game titles to support the gamers. Blockchain gaming has been on the rise over the past year.

ALSO READ: now.gg launches cloud payments with 95 per cent developer cut and NFT-based monetization for mobile games

“At the heart of every NFT player is the desire to succeed and lead a better life,” the Avocado Guild website details. Besides QCP Soteria Node and Animoca Brands, Binance Smart Chain, Goldentree Asset Management, Polygon Studios, Three Arrows Capital, and Solana Ventures participated in the financing round.

Having become a decentralized autonomous organization (DAO) called Avocadodao, Avocado Guild is planning to branch out in different P2E blockchain games.