Axie Infinity Raise $860K Via Private Sale, AXS Up 75% In A Week
NFT game, Axie Infinity is making headlines again. They recently raised $860K through a private sale of their native token AXS, which at the time of writing is up 75% on a weekly chart.
The Axie Infinity team is making moves. They raised $860K “through a strategic sale of our governance token, AXS.” The price AXS increased 75% in value in the last week. Great numbers all around that would satisfy and attract any investor. And speaking about satisfied investors, their original backers were the people invited to Axie Infinity’s private sale.
“Axie Infinity raised $864,000 in a private sale of AXS to strategic investors in the middle of 2020. These investors purchased AXS at a 20% discount.
20% of the private sale tokens will be unlocked during the AXS public sale. The rest of the private sale tokens will be unlocked quarterly over the next 2 years.”
In the press release, they disclosed the investors:
Arca
Three Arrows Capital
DeFiance Capital
DeFi Capital
Sparq Ventures
Animoca Brands
Hashed
Dialectic
as well as angel investors:
Alexander John Amsel
Alex Svanevik (Nansen)
Bashylok Oleksander
The investors seem very satisfied. In a recent tweet, DeFiance Capital’s Zhu Su announced Axie Infinity and their Axie Infinity Shards (AXS) are the company’s most profitable seed investment by far.
“Craziest thing is at the time of the round, it was so undersubbed that many people invested just to support ecosystem without any expectation of returns.”
Craziest thing is at the time of the round, it was so undersubbed that many people invested just to support ecosystem without any expectation of returns
“AXS has risen by 21% in the last 24 hours, which is the highest increase among top50 crypto, and is related to the new pledge feature that has just been launched.
Axie Infinity is launching a decentralized exchange and its price rose 55% in 24h. However, its trading volume and active users are declining.”
Axie Infinity is launching a decentralized exchange and its price rosed 55% in 24h. However, its trading volume and active users are declining.
