Axie Infinity to Raise $150M Series B at $3B Valuation: Report

Play-to-Earn Giant Axie Infinity’s Revenue Tanked 40% in September — CoinDesk

Blockchain-enabled play-to-earn game Axie Infinity is raising approximately $150 million in a Series B capital round at a $3 billion valuation, according to reporting on Monday by The Information.

  • Citing two unnamed sources “with direct knowledge of the deal,” The Information wrote that venture giant Andreessen Horowitz is leading the round.
  • The monster-battling game, which uses non-fungible tokens (NFTs) to reward players made 64,933.71 ether (ETH), worth $220.32 million, in September. That was down from a record $342 million in August, data center Axie World shows.
  • But September’s figure represents a nearly 3,000-fold year-over-year growth.

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