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.