AVALON SECURES $13 MILLION TO BUILD FOUNDATIONAL PILLARS FOR AN INTEROPERABLE DIGITAL UNIVERSE
New company is empowering creators and players to pursue their digital dreams
ORLANDO, FLORIDA (Feb. 28, 2023) — Founded by pioneers and leaders from games including EverQuest, Call of Duty, Diablo, God of War, Assassin's Creed, and Elden Ring among others, AVALON Corp. raised $13 million in funding to build a new interoperable universe. With a comprehensive and extensive background in games, the company is uniquely experienced to solve problems that will face creators and designers in the near future, and is building the tools, framework and more that will allow them to do so.
“We have an opportunity to change the digital world and we truly believe we are the right team to ensure these changes are beneficial for both creators and players,” said Sean Pinnock, CEO, AVALON, “We know that engagement is driven through play, creativity, and human connectivity, all critical elements that are severely lacking in most self-proclaimed metaverses, and it's exactly why the inevitable confluence of tech that will emerge as the metaverse will be built by game developers.”
“Whatever the digital future is, it's clear that no single company can build it,“ said Jeff Butler, chief product officer, AVALON Corp. “At AVALON Corp, we want to be the spark that will ignite the creation of the worlds that gamers have long dreamed of, with our own unique brand of proverbial glue that is equal parts experience, foresight, and imagination.”
The funding for AVALON Corp. is led by BITKRAFT Ventures, HASHED, Delphi Digital, and Mechanism Capital, with participation from Coinbase Ventures, Yield Guild Games, Merit Circle, Avocado Guild and Morning Star Ventures. The round also included: Kevin Lin - Cofounder Of Twitch, Charlie Songhurst - previous Head of Corporate Strategy at Microsoft, Dennis Fong - Gaming Legend, and Robin Jung prev. CEO of Pearl Abyss.
"It's rare to find a company that has the vision, leadership, and expertise in many verticals to produce a revolutionary game and product,” said Jeremy Parris, Delphi Digital. “We at Delphi Digital believe that AVALON Corp has brought together all the elements across the board to push the standard of gaming, the metaverse, and the new tech it's harnessing forward significantly. The future is closer than many think."
“Connected worlds are evolving at unprecedented velocity, ultimately amounting to a Darwinian game, where the fittest and most useful platforms will thrive and stay alive,” said Jun Park, HASHED. “We are excited to back AVALON Corp, led by industry veterans with a visionary view, to help the company realize its potential and pioneer the next wave of interoperable worlds.”
“At BITKRAFT, we choose partners that are rooted in synthetic reality, a convergence of physical and digital worlds that, like the Internet, will introduce new human experiences and unprecedented social and economic opportunities. We imagine highly-social virtual worlds of shared adventure and economy, and see in AVALON the perfect system to empower those digital societies to reach beyond what we've seen possible so far,” said Carlos Pereira, BITKRAFT Ventures.
AVALON is continuing to grow its dynamic team of passionate leaders in gaming. See open roles and more info about the interoperable future at playavalon.com.
About AVALON Corp.
AVALON Corp. is developing a platform and tools that will revolutionize how games and virtual experiences are built. The company's approach is steeped in the sorcery of game-making, rather than the finance business of the metaverse.
AVALON is “building people, building games” as an international, fully remote, people-first organization dedicated to attracting, hiring, retaining, and empowering passionate veteran creatives.
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For more information, contact:
Johner Riehl/Molly Engelberg
Zebra Partners for AVALON Corp.
avalon_team@zebrapartners.net
