Cryptocurrency game studio AVALON has completed a $10 million financing round, led by BITKRAFT VENTURES and HASHED, with participation from COINBASE VENTURES, SPARTAN CAPITAL, FORESIGHT VENTURES, LIQUIDX, and MOMENTUM6, among other institutions. AVALON is developing a large-scale multiplayer online game that aims to provide an immersive gaming experience using Unreal Engine 5 and artificial intelligence technology. They also plan to launch AI-driven avatar NFTs. The game is expected to release a closed beta version later this year.

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<p>Shenzhen-based TechFlow has announced that cryptocurrency gaming studio Avalon has completed a $10 million financing round, with Bitkraft Ventures and Hashed leading the investment. Other participants include Coinbase Ventures, Spartan Capital, Foresight Ventures, LiquidX, and Momentum6.</p>
<p>The studio plans to release a large-scale multiplayer online game called Avalon. In a statement, the company said it is collaborating with "artificial intelligence pioneers Didimo and Inworld AI" to develop the game.</p>
<p>Avalon CEO and founder Sean Pinnock said, "The Avalon universe prioritizes an immersive gaming experience by combining cutting-edge technologies like Unreal Engine 5 with an AI-assisted user-generated content system. We focus on no-code solutions that enable players to easily create game logic. Additionally, our upcoming NFT series will introduce AI-driven avatar NFTs."</p>
<p>Players will be invited to participate in a closed beta version of Avalon, which is set to launch later this year.</p>
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Avalon completes $10 million financing, led by Bitkraft Ventures and Hashed.