{"id":59696,"date":"2022-04-06T14:22:22","date_gmt":"2022-04-06T11:22:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59696"},"modified":"2025-09-04T23:16:43","modified_gmt":"2025-09-04T20:16:43","slug":"axie-infinity-team-raises-150-million-from-binance-and-other-investors","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/axie-infinity-team-raises-150-million-from-binance-and-other-investors\/","title":{"rendered":"Axie Infinity team raises $150 million from Binance and other investors"},"content":{"rendered":"<p>The Sky Mavis-backed company behind the blockchain game Axie Infinity has closed a $150 million funding round led by Binance. The funds will be used to reimburse losses suffered by users as a result of the attack on the Ronin sidechain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Always have, always will be there for our Labs family member! <a href=\"https:\/\/twitter.com\/SkyMavisHQ?ref_src=twsrc%5Etfw\">@SkyMavisHQ<\/a> <a href=\"https:\/\/twitter.com\/AxieInfinity?ref_src=twsrc%5Etfw\">@AxieInfinity<\/a> \ud83d\ude4c\ud83e\udec2 Looking forward to our LONG way ahead together.<a href=\"https:\/\/t.co\/218hdGRYm2\">https:\/\/t.co\/218hdGRYm2<\/a><\/p>\n<p>\u2014 Binance Labs Fund (@BinanceLabs) <a href=\"https:\/\/twitter.com\/BinanceLabs\/status\/1511646534110105602?ref_src=twsrc%5Etfw\">April 6, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The round also included investments from Animoca Brands, a16z, Dialectic, Paradigm, and Accel.<\/p>\n<p>On March 29, a hacker <a href=\"https:\/\/u1f987.com\/en\/news\/ronin-the-ethereum-sidechain-hacked-attacker-siphons-625-million\">withdrew<\/a> from the Ronin sidechain &#8216;the deposits of players and speculators, as well as the revenues of the Axie Infinity treasury&#8217;, totaling about $625 million. Sky Mavis later pledged to return the stolen funds.<\/p>\n<p>The team is working with law enforcement to recover the stolen 56,000 ETH. If these efforts do not yield a positive result, Axie DAO will vote on further treasury steps.<\/p>\n<p>To increase the sidechain&#8217;s decentralisation, the team will add up to 21 new validators over the next three months. Before the incident there were nine, which facilitated the attack and drew criticisms of the developers.<\/p>\n<p>Access to Ronin will be restored in a few weeks, after updating the security system and conducting several rounds of audits.<\/p>\n<p>Binance added the ability to deposit and withdraw funds in ETH\/USDC.<\/p>\n<p>Sky Mavis CEO Trung Nguyen said that on April 7 the studio will release the Origins update. The update <a href=\"https:\/\/axie.substack.com\/p\/origin?s=r\">will improve<\/a> graphics, gameplay design and storylines.<\/p>\n<p>In late March, the project <a href=\"https:\/\/u1f987.com\/en\/news\/axs-climbs-13-after-axie-infinity-unveils-decentralisation-plans\">published<\/a> a new roadmap outlining a plan to move toward increasing decentralisation.<\/p>\n<p>Earlier, Sky Mavis <a href=\"https:\/\/u1f987.com\/en\/news\/sky-mavis-releases-ron-governance-token-for-axie-infinitys-ronin-sidechain\">released<\/a> the governance token RON for the Axie Infinity sidechain.<\/p>\n<p> Subscribe to ForkLog News on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 all news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Sky Mavis-backed company behind the Axie Infinity blockchain game has closed a $150 million funding round led by Binance. The funds will be used to reimburse losses suffered by users as a result of the Ronin sidechain attack.<\/p>\n","protected":false},"author":1,"featured_media":59697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1581,744,1133],"class_list":["post-59696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-axie-infinity","tag-binance","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=59696"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59696\/revisions"}],"predecessor-version":[{"id":59698,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59696\/revisions\/59698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/59697"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=59696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=59696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=59696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}