Blockchain games studio Pixion Games raises $5.5M

Pixion Gamesa studio from gaming Web3 based in London and specialized in Play-to-Ownhas just collected 5.5 million dollars from the Avalanche, Merit Circle or Ready Player DAO.

This Tuesday, the British Pixion Games has announced a financing round from 5.5 million dollars to accelerate the release of its next flagship title Fableborne.

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Fableborne is presented as a Action RPG type Play-to-Own and mobile-first offering “stunning graphics and fun gameplay”.

Unlike Play-to-Earnon P2O focuses on the ownership and control of in-game assets, not on the possibility of generating income (speculative aspect).

Our team is fully focused on creating Fableborne a top-notch, high-quality game with on-chain elements,” said Kam Punia, founder and head of Pixion Games, in a statement.

Pixion’s backers include the Blizzard Foundation Fund Avalanchethe VCs Shima Capital, Eldridge and Merit Circle but also the decentralized autonomous organization Ready Player DAO and the market maker GSR.

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Despite crypto winterthe Web3 gaming segment continues to attract capital in comparison with other branches of the industry. In recent weeks, studios Anichess, Metagame, HyperPlay and Illuvium have all completed financing rounds. At the beginning of June, start-up Argus Labs also raised funds for its blockchain games.

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