Animoca Brands Leads $18M Series A for Play-to-Earn Upstart Avocado Guild

Animoca Brands Leads M Series A for Play-to-Earn Upstart Avocado Guild
Play-to-earn (P2E) company Avocado Guild raised $18 million in a Series A led by Animoca Brands, bringing its valuation to $200 million, according to a press release shared with CoinDesk.Gaming guilds like Avocado cluster P2E gamers who are able to earn crypto income from titles such as Axie Infinity. Guilds often have revenue-sharing agreements and give players initial loans to bring them into the game.In an interview with CoinDesk, Avocado co-founder and CEO Brendan Wong described the guild as a “metaverse of metaverses,” because it enables players to participate in multiple virtual worlds.“Avocadians,” as users call themselves, not only learn…