Avalon Corp Raises For Web3 Metaverse

Avalon Corp Raises For Web3 Metaverse

Play-To-Earn Games News, P2E Games News | 25 Apr 2023 08:19 UTC

Sony Game Developers and Ex-EA Developers Comprise Avalon Corp Team

Avalon Corp.'s Digital Universe receives $13 million in funding to launch an AAA project in the Web3, metaverse, and blockchain gaming

The world is molding itself towards the crypto universe for investments as well as the future. Big companies are getting interested in blockchain and metaverse or AAA multiverse and looking for different ways to be a part of it. In a similar effort, Bitkraft Ventures has raised $13 million in funding along with other companies to fund Avalon Corp, a Web3 gaming startup working on Avalon universe. The companies included are Hashed, Delphi Digital, Mechanism Capital, Coinbase Ventures, and others. The round also received funding from some angel investors, including former Microsoft executive Charlie Songhurst and Twitch co-founder Kevin Lin.

The big news is their team of developers, has worked in huge tech companies like Electronic Arts, Microsoft, Blizzard, and Sony. The studio's first game will be Avalon, which runs on Unreal Engine 5 and has some MMO and Web3 metaverse elements. However, CEO of Avalon Corp Sean Pinnock and Chief Product Officer Jeffrey Butler told Decrypt in an interview that they don't perceive Avalon as a metaverse. The main reason for the reluctance is how the term has been taken and misapplied in the digital world.

Butler remarked of the term "metaverse" that "everyone's kind of leaping onto this word and just pounding the poor word to death," adding that practically every big brand, whether they be a fast food chain or fashion industry, has somehow associated themselves with the creation of their own metaverse.

The Avalon Universe

According to Pinnock, Avalon Corp is building an interoperable AAA Web3 universe at Avalon so that content creators can build the worlds they envision. And their idea is to somehow ignore the word ‘metaverse’ as it would be extremely difficult, if not actually impossible, for a single firm to create such a thing. “We’d like to empower gamers, creators, anyone to build worlds. And then those worlds over time interconnected could become something like an Oasis from Ready Player One.”

According to the duo, the game developers will create the most accurate representation of any Web3 "metaverse." It is not something the consumer brands can achieve because they haven't got the necessary expertise to create AAA games.

According to Pinnock, Avalon could host major brands looking to stake their claim in its universe with their own intellectual property and unique experiences. The other huge news that was shared by the duo was that Avalon Corp's current COO has also served as the Head of Business Development at Bandai Namco's North American division, which owns the intellectual property rights to well-known Japanese properties like Dragon Ball Z, Naruto, and One Piece.

Avalon Corp, metaverse, Web3, Avalon Universe, Blockchain
Avalon Corp, metaverse, Web3, Avalon Universe, Blockchain

Avalon Corp and Blockchain Options

Pinnock advocated quite strongly for Ethereum Layer 2 protocols. However, Avalon hasn't yet chosen a single blockchain to support and enable its interoperable economy. Pinnock declared that he personally thinks quite highly of Layer 2 Ethereum technologies. According to him, the nice thing about that technology is that it has a much lower environmental impact than credit card swipes and costs much less in gas for transactions. He also added that they are able to obtain the transactional scalability they desired. Moreover, digital ownership is crucial to how blockchain will play its role in Avalon. As a result, the blockchain will act to certify all of Avalon Corp's assets inside Avalon.

While talking to the media, Pinnock said that it is imperative for this technology to follow true decentralization. The reason lies in it is among the most intrusive ones ever in the making. Butler has been a part of the video game industry for nearly ten years with Sony Online Entertainment working on some hit AAA games. Pinnock was of the opinion that cutting-edge technology like Unreal Engine 5 enables the group to create the style of massively multiplayer environment they desire, at the appropriate scale.

The Avalon Metaverse Offers More

However, Avalon will be much more than just a virtual environment to explore; it will inculcate AAA gaming elements. Moreover, it will allow users to transfer money between Web3 virtual "worlds" using crypto and NFTs. The startup is also hopeful of collaboration with AI companies. It plans to eventually deploy a feature that will let users design their own worlds using generative AI technology.

While the team realizes that not every game may have the PC hardware needed to play Avalon Corp's universe at a high level, their goal is to make it an AAA-quality game. Pinnock adds that there is a cloud offering for Avalon. His plans are for a cloud gaming component that hosts and renders data online, not on the user's computer.

Play to Earn Gaming News

Looking for the best play-to-earn games? Look no further than our video game review site. Our large collection of P2E games has been looked over and has all the information you need. From genre and game platform to tokens, whitepapers, and Discord and Twitter social media links, we have it all. In addition, we offer game trailers for each game, as well as game videos where we provide in-depth reviews. We pride ourselves on being up-to-date, and offer daily updates on the latest news in the world of video gaming. You'll find everything you need to stay informed about your favorite play-to-earn, blockchain, NFT, crypto, P2E, Web3, or metaverse games.

Check out our Top Games and game lists to discover the best play-to-earn games. And don't forget to read our fresh daily game news to stay up-to-date on the latest developments in the world of gaming. With our video game review site, you'll have everything you need to explore, discover, and enjoy the best P2E games out there. If you have PlayToEarn Game News, please contact us. If you are launching a game, or have PR around a new game, send it and our PlayToEarn Game news writers will cover it.

Tags

Blockchain games, metaverse, NFTs, sony, web3 news, Avalon
See All
It is the Time for Web3 Gaming to Notch It Up

It is the Time for Web3 Gaming to Notch It Up

Web3 gaming is an innovative fusion of blockchain technology and gaming, poised to have a significant impact on the industry. It combines the utility of blockchain within video games, creating a new category called Web3 games. Enthusiasts believe it holds immense potential and could emerge as a major player in the gaming landscape.While Web3 gaming has garnered excitement and investment, challenges are evident. Despite its growth, daily unique active wallets remain low compared to the global gam...

Read more
SAGA’s Multiverse Summit Takes Place Aboard a Yacht, Revealing Web3 Tech to Empower Multiverse

SAGA’s Multiverse Summit Takes Place Aboard a Yacht, Revealing Web3 Tech to Empower Multiverse

At the Multiverse Summit hosted by Saga, a leading Web3 infrastructure protocol, Liao from Saga unveiled several groundbreaking innovations aimed at transforming the gaming and entertainment industries. The summit took place aboard a yacht on the Rhine River during Gamescom 2023 in Cologne, Germany, and showcased Saga's commitment to revolutionizing the gaming landscape.Key highlights from the summit included the introduction of the latest version of the Saga protocol called Pegasus. This versio...

Read more
Crypto Gaming: Earning and Investing in Virtual Economies

Crypto Gaming: Earning and Investing in Virtual Economies

The convergence of cryptocurrency and gaming has given rise to a groundbreaking phenomenon called crypto gaming, where players can earn cryptocurrency while playing games. This article explores the world of crypto gaming, focusing on legitimate opportunities, popular games, methods of earning, and the potential for investment.Legitimate opportunities in crypto gaming provide players with immersive experiences where they can own in-game assets and trade them in open marketplaces, thereby enhancin...

Read more
PlayToEarnGames.com Newsletter 11: NFTs, RPGs & More!

PlayToEarnGames.com Newsletter 11: NFTs, RPGs & More!

This week in the Web3 game industry, significant developments took place as two top game releases, NFL Rivals and Champions Arena, transitioned from beta versions to full live releases on iOS and Android app stores. NFL Rivals, which already boasts a substantial fan base, achieved over 2 million downloads. Additionally, other games like Eternal Dragons, Everseed, and Rogue Nation introduced new updates. Alpha versions of Boss Fighters and Citizen Conflict were also unveiled, offering players pas...

Read more
Play-to-Earn (P2E) Games: Where Gaming and Crypto Converge

Play-to-Earn (P2E) Games: Where Gaming and Crypto Converge

Play-to-Earn (P2E) games are a revolutionary concept within the gaming world that leverage blockchain technology to combine gaming with cryptocurrency. These games offer players the opportunity to not only enjoy immersive gameplay but also earn real value through digital assets. Unlike traditional games, where rewards are confined to the virtual realm, P2E games allow players to translate their in-game achievements into tangible rewards like cryptocurrencies and non-fungible tokens (NFTs), which...

Read more
MapleStory Universe Aims to Deliver Fair and Unbiased NFT Gaming Experience with Chainlink

MapleStory Universe Aims to Deliver Fair and Unbiased NFT Gaming Experience with Chainlink

Nexon has partnered with Chainlink, a major player in Web3 infrastructure, to enhance its NFT-focused blockchain gaming ecosystem, MapleStory Universe. This collaboration aims to utilize Chainlink's Verifiable Random Function (VRF) technology to create more authentic and equitable experiences for players. MapleStory Universe is a large-scale online role-playing game hosted on the Polygon Supernet, with a focus on delivering top-notch Reward Experiences (RX) through the application of VRF, consid...

Read more
PlayToEarnGames.com

Welcome to PlayToEarnGames.com, your daily source for the latest NFTs and Cryptocurrency News. Whether it's PlayToEarn, cryptocurrencies, wallets, blockchain technology, trends & analysis, beta releases, or other game industry insights, our team of dedicated writers is here to keep you informed. But that's not all; we know that gaming is at the heart of it all.
In our P2E games section, we provide you with the best game reviews across a variety of top genres, including Play To Earn, Web3, Crypto, NFT, Metaverse, Blockchain, and much more. Our comprehensive game reviews cover everything you need to know, from gameplay instructions and videos to in-game footage and images. We also provide links to social media platforms like Twitter, Discord, and Reddit, whitepapers for deeper insights, and, of course, where you can play the game.
So, take a moment to explore our Play-To-Earn game website, and we sincerely hope you enjoy your visit. Stay tuned for the latest updates from the gaming industry and its up-to-date insights to game developers and their game details. So check our section Video Games, Gaming News, Game Developer, Game Trailers/Game Videos, and our Event Calendar with all the mints, drops and more.