Avalon Meta Raises $420,000 Led By Peerplays In A Strategic Capacity
Avalon Meta Raises $420,000 Led By Peerplays In A Strategic Capacity
February 20, 2020
Avalon Meta Raises $420,000 Led By Peerplays In A Strategic Capacity
Avalon Meta Raises $420,000 Led By Peerplays In A Strategic Capacity
February 20, 2020

Avalon Meta, an Indian-based startup that combines higher education and competitive gaming, has raised $420,000 led by Peerplays, a blockchain-based gaming company, in a strategic capacity along with Purvi Capital, a Chicago-based VC firm, and Abhinav Chhikara, the former Head of Design of edtech giant Unacademy.

As it has been reported, Avalon Meta is run by Avalon Labs, a digital services company, which was founded in 2017 by Varun Mayya, Shashank Udupa, and Abhinav Arora.

It has been analyzed that Varun Mayya is also the co-author of Bloomsbury published Pyjama Profit.

However, Jonathan Baha’i, the Founder of Peerplays, says:

“Peerplays has become the leading name in blockchain gaming worldwide.”


He also said that the company immediately recognized the truly visionary approach Avalon Meta was taking to disrupt education through gaming, all of it is powered by the Peerplays Blockchain. 

Varun Mayya, the CEO of Avalon Meta, says:

“Unlike the plethora of bootcamps out there, our thoughts are that education will eventually become commoditised and educational content will have an effective price of zero in the future. Most courses barely manage a five percent user retention, which is why we decided to turn higher education into a game. Not gamify an existing solution, but make a full-fledged, proper game.”

According to him, Peerplays has proved themselves to be a pioneer in blockchain-based gaming. He says that this makes the company just the right strategic partner to bring into Avalon.

ALSO READ :  Australia Highlights Massive Cyberattack Using Cryptojacking Malware
Image: linkedin.com

Mayya added:

“Their insight and strategic experience in the gaming space – they’ve already lived the big shift into livestream, digital assets, and more – is something that we think Indian investors will take some time warming up to.”

Thus, Avalon Labs, the parent company, is also investing up to $250,000 in a new business, as the founders are now focused on acquiring users this year, and want to offer gamified education as the future of learning. 

Source: yourstory.com


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
Share This

Share This

Share this post with your friends!