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Avalon Corp, a Web3 gaming startup founded by a group of seasoned professionals in the video game industry, has secured $13 million in investment in a round that was co-led by Bitkraft Ventures.
Participants in the round included Hashed, Delphi Digital, Mechanism Capital, Coinbase Ventures, and others. Also, the round received money from angel investors including former Microsoft executive Charlie Songhurst and Twitch co-founder Kevin Lin, to name a few.
Experienced game developers with prior experience at companies like Electronic Arts, Microsoft, Blizzard, and Sony make up the Avalon team. The Unreal Engine 5-based Avalon, which will have certain MMO and metaverse components, is the studio’s debut title.
Nevertheless, because to the way the term has been appropriated and misapplied, Avalon Corp CEO Sean Pinnock and Chief Product Officer Jeffrey Butler said in an interview with Decrypt that they don’t regard Avalon as a metaverse per se.
Butler remarked of the term “metaverse” that “everyone’s kind of leaping onto this phrase and just pounding the poor word to death,” adding that practically every significant brand—from fast food to fashion—has said they are creating their own metaverse.
Pinnock says,
With Avalon, we’re building an open universe where content producers may construct the worlds they envision. And [in] our idea of something like a—not metaverse—we anticipate that to develop such a thing is extremely tough, if not actually impossible, for a single firm to achieve it.
He added that,
We want to provide gamers, creators, and everyone the ability to create worlds. When such worlds eventually join, they could resemble the Oasis from Ready Player One.
The most accurate representation of any “metaverse” will, in Pinnock and Butler’s opinion, be created by game developers rather than consumer brands since they have the necessary expertise to create AAA games.
Avalon’s COO was formerly 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, according to Pinnock. He also stated that once developed, Avalon could host major brands looking to stake their claim in its universe with their own intellectual property and unique experiences.
Pinnock stated a strong preference for the Ethereum Layer 2 protocols (i.e. Polygon, ImmutableX), even if Avalon hasn’t yet chosen a specific blockchain to support and allow its interoperable economy.
Pinnock declared,
I personally think highly of Layer 2 Ethereum technologies. What’s nice about that technology is that it has a far lower environmental effect than credit card swipes and costs much less in gas for transactions. Also, we are able to obtain the transactional scalability we want. Digital ownership will be crucial to how blockchain will be applied in Avalon. As a result, the blockchain will be used to certify all of our assets inside of Avalon.
The Avalon team is adamant that, when used properly and not as a “walled garden,” cryptocurrency is the greatest approach to provide a fully decentralized metaverse.
It’s crucial that this technology is genuinely decentralized since it will be among the most intrusive ever created by civilization, Pinnock said. “How do we go about that? It is an extremely challenging issue to resolve.”
Since 1999, Butler has been a part of the video game business, spending nearly ten years with Sony Online Entertainment working on games like Everquest.
According to him, cutting-edge technology like Unreal Engine 5 enables the group to create the style of massively multiplayer environment they desire, at the appropriate size.
Avalon, however, will be much more than just a virtual environment to explore; it will also be gamified and allow users to move money between virtual “worlds” using crypto and NFTs.
Pinock said that:
Gamification is really essential to us. I was not the original inventor of Warcraft III, but I was an early Dota modder and created my own Dota spinoff as well as a ton of other games. And I think that the fact that there was a game to build around, that there was a framework, is what made Warcraft III’s modding community so popular. We will thus create our own framework.
Avalon is hoping to collaborate with AI companies to eventually deploy a feature that will let users design their own worlds using generative artificial intelligence (AI) technology.
While the team realizes that not every game may have the PC hardware needed to play Avalon at a high level, their objective is to make it a AAA-quality game.
On his plans for a cloud gaming component, where data is housed and displayed online as opposed to on the user’s computer, Pinnock stated, “There will be a cloud service for Avalon.” A web browser is required to play this game.
This Move-to-Earn Crypto from Fight Out is taking over
In the area of crypto games, a new platform which also deserves mentioning is Fight Out.
Many move-to-earn (M2E) ventures are currently receiving attention from investors, which has increased the amount of money entering the market. Several programs that aim to reward users for exercising and maintaining a healthy lifestyle have emerged over time. The only move-to-earn application with a Play-to-Earn development trajectory is Fight Out, though.
Everyone in society should live an active, healthy lifestyle, according to Fight Out. The future, according to the developers, is Play-to-Earn (P2E) gaming combined with actual physical work.
Investors have contributed more than $4.7 million to the presale phase of Fight Out. To commemorate this achievement, Fight Out is now offering a generous 5% referral promo link program to its users.
FIGHT OUT: Play to Earn Is Here To Stay
Exploitation and imbalance have been problems in the gaming industry. Large gaming businesses possess the rights to all of the most well-known titles, which explains why. By granting its player bases genuine ownership of their in-game assets, Web3 games, on the other hand, have evolved to combat this unfair economic tactic. As a result, players can benefit from their dedication and hard work.
Fight Out is a Play to Earn directory on a Move to Earn platform. Users can compete in the metaverse, gain knowledge from seasoned athletes and warriors, and acquire rewards and badges by accomplishing fitness-related tasks. Users of Fight Out will have access to original content, metaverse experiences, and actual events.
Players use “soulbound” NFT avatars, who have attributes and talents based on their experience and successes in the real world. Since it is “soulbound,” it cannot be bought, sold, or donated. Upon creating an account, users can mint their very own NFT avatar, and early-bird investors in its presale will receive special NFTs once the project is officially launched.
The development of users’ avatars is influenced by a variety of features. Cardio, strength, mobility, endurance, and technique measures are separated apart. Every one provides a different advantage when playing Fight Out games. Players should be aware that fighting techniques matter, therefore how they practice will directly affect how well their avatar performs in the Fight Out gaming environment. With the help of this platform, users can test their physical prowess in a fun and secure setting.
Get Rewarded For Practice While Having Fun
Users will find all they need in the software to get in shape and get ready for the Fight Out gaming environment. Top athletes will teach masterclasses and provide fitness articles on the platform. Users’ training will be guided, informed, and motivated by this.
Community is at the heart of Fight Out. Users can participate in a variety of activities with other community members thanks to this. In order to acquire $FGHT and obtain player badges, players can also take part in high-stakes leagues and tournaments as well as finish other fascinating tasks and game modes. These badges are used as soul-bound proof of accomplishment.
Users can share their gear, accomplishments, and badges with the Fight Out community through the platform.
Two tried-and-true strategies for getting people to start and maintain new behaviors are rewarding good behavior and making the process fun. Fight Out uses both to assist our users in changing their way of life. REPS are given to users by Fight Out’s technology in exchange for their training, successes, and community involvement.
Gamers should be aware that the platform’s native token, $FGHT, is available for purchase during the presale on the website. REPS is the in-app currency, earned by completing tasks within the platform. Accessories and power-ups for players’ Fight Out avatars can be purchased in the Fight Out app with REPS.
Purchase $FGHT before the pre-sale expires.
In its continuing token presale, Fight Out has earned more than $4.7 million from enthusiastic investors. Wherever in the world, anyone with an internet connection and a cryptocurrency wallet can take part in the presale. However investors making desktop purchases need to have a MetaMask wallet set up on their browser. The website suggests Trust Wallet for users of mobile apps.
The cost of the $FGHT token is currently $0.02491. To promote early token purchases, prospective investors should be aware that the token’s value will rise every twelve hours. Up until March 31st, when it will be listed for $0.0333, this will be the case.
Also, the platform’s developer just unveiled a lucrative 5% referral promo link program. Investors should go to the Fight Out homepage, add their bitcoin wallet, and click the “5% referral link” button to start making money from this.
After that, spread the word via social media or among your personal network to earn 5% of the purchase price for each person who purchases the $FGHT token through your referral link.
Get on the FGHT presale before it’s over
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