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skymavis.com

Founded Year

2019

Stage

Series C | Alive

Total Raised

$311M

Last Raised

$150M | 4 mos ago

About Sky Mavis

Sky Mavis develops blockchain based games and products. Its first game, Axie Infinity, is a digital pet universe where players battle, raise and trade cute creatures called Axies. Each Axie can possess 6 out of hundreds of possible body parts. Each body part has its own battle move so the combinations for creating unique little battlers are infinite.

Sky Mavis Headquarter Location

155 Duong Ben Van Don

Ho Chi Minh City,

Vietnam

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Research containing Sky Mavis

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Sky Mavis in 1 CB Insights research brief, most recently on Mar 9, 2022.

Expert Collections containing Sky Mavis

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Sky Mavis is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,180 items

B

Blockchain

6,726 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.

G

Gaming

4,917 items

Gaming companies are defined as those developing technologies for the PC, console, mobile, and/or AR/VR video gaming market.

B

Blockchain 50

50 items

Latest Sky Mavis News

Active YGG Scholars Saw In-Game Earnings Increase of 400%

Aug 10, 2022

Share some Bitpinas love: Since the sudden popularity and mass adoption of play-to-earn games, especially the blockchain game Axie Infinity, in 2021; Filipinos gained a new way to earn money as many of them were left jobless at the height of the pandemic. Although the industry has seen many ups and downs, specifically during this bear market, active Yield Guild Games (YGG) scholars reported that they saw their in-game earnings increase by 400% per player. The report was according to YGG’s Q2 2022 Community Update. According to YGG, to address the decrease of players due to the bear market (players mostly quit because the value of the rewards have decreased in fiat), they had their managers reallocate non-fungible tokens (NFT) to active users so that they can maximize opportunities for rewards, and to further enrich the reward-earning potential of active scholars. “15% of NFTs have been reallocated thus far, and thanks to this initiative, in-game earnings per player have increased by 400%.” –YGG Scholars play a play-to-earn game on behalf of a manager or a guild that lended them a crypto or game asset. In exchange for lending them the asset and the scholars playing for the managers, they will have an agreement regarding the percentage split of rewards or earnings. This kind of relationship is called a “scholarship”. (Read more: Comprehensive Axie Infinity Scholarship Guide [English] ) Currently, the guild offers scholarships in Axie Infinity, CyBall, Fancy Birds, Aavegotchi, Legends of Venari, and Thetan Arena. Consequently, YGG disclosed that in their 2nd quarter, their play-to-earn scholarship programs collectively earned over $600,000 (or more than ₱33 million). To further boost their scholars’ motivation to play, the 61 Scholarship Managers of the guild also launched YGG Scholars Tournament, an Axie Infinity esports tournament among YGG scholars, “as a way for them to experience a competitive environment, sharpen their skills and be inspired to join other tournaments in the future.” Recently, YGG scholars were also graced as Metacrafters.io, a collaborative Web3 developer curriculum, announced the launch of its pilot program which allowed close to a thousand YGG scholars access to its Learn-to-earn platform. Like other learning institutions, Metacrafters will also have tuition fee but scholars in the YGG pilot program will have their tuition covered by YGG in exchange for sharing a portion of their rewards. (Read more: Metacrafters.io Gives Select YGG Scholars Access to Learn-to-Earn Game ) On the other hand, in a recent survey YGG conducted from September to December 2021 to over 230 scholars from different countries which aims to gauge their progress and measure the impact of the program on their daily lives. The survey found out that 86% or more than 190 scholars were clueless about cryptocurrency before their scholarship. Moreover, scholars admitted that playing blockchain games and earning cryptocurrency rewards through the YGG Sponsor-a-Scholar Program was their first time using crypto. (Read more: 86% of YGG’s Sponsored Scholars Used Crypto for the First Time )

Sky Mavis Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
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Sky Mavis Rank

  • When was Sky Mavis founded?

    Sky Mavis was founded in 2019.

  • Where is Sky Mavis's headquarters?

    Sky Mavis's headquarters is located at 155 Duong Ben Van Don, Ho Chi Minh City.

  • What is Sky Mavis's latest funding round?

    Sky Mavis's latest funding round is Series C.

  • How much did Sky Mavis raise?

    Sky Mavis raised a total of $311M.

  • Who are the investors of Sky Mavis?

    Investors of Sky Mavis include Paradigm, Andreessen Horowitz, Animoca Brands, Binance, Dialectic and 17 more.

  • Who are Sky Mavis's competitors?

    Competitors of Sky Mavis include Ethlas and 1 more.

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