Sky Mavis, the creator of play-to-earn game Axie Infinity, has raised $150 million to reimburse its users who lost funds during the $600 million exploit on Ronin — the Ethereum sidechain that hosts the blockchain game.
The funding round was led by Binance with participation from other venture funds — Animoca Brands, a16z, Dialectic and Paradigm — Sky Mavis announced in a Substack post today.
Combining its own funds along with latest raise will help Sky Mavis deliver on its promise of paying back everyone who was affected by the exploit, the firm said.
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