# Axie Infinity raises $152 million Series B, valued at $3 billion

**Published:** 2026-06-23T13:45:42.609Z  
**Topic:** Axie Infinity  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/896af19a-53ce-4707-94de-2f86a8e06fe0

Axie Infinity secures $152 M Series B led by Andreessen Horowitz, pushing its valuation to $3 B and expanding a game‑driven crypto economy with $2.4 B trading

Axie Infinity’s latest funding round added $152 million in Series B capital, lifting the Vietnam‑based startup’s valuation to $3 billion and underscoring the rapid growth of its play‑to‑earn gaming model【1】. The infusion follows a $7.5 million Series A just five months earlier and comes as the game’s on‑chain economy surpasses $2.4 billion in trading volume, highlighting both investor confidence and expanding user participation.

| At a glance | |
|---|---|
| Funding round | $152 million Series B |
| Valuation | $3 billion |
| Prior round | $7.5 million Series A (5 months earlier) |
| Trading volume | $2.4 billion total |

## Funding surge and market impact  
The $152 million Series B was led by Andreessen Horowitz, a firm that also led the earlier Series A, signaling strong venture backing for Axie’s blockchain‑based gaming approach【1】. The jump from a $7.5 million raise to $152 million in less than half a year illustrates how quickly investors view play‑to‑earn games as a new frontier for crypto adoption. The company’s valuation now stands at $3 billion, a figure that dwarfs many other crypto‑focused startups that emerged in 2021.

## User growth and economic footprint  
Axie’s user base hit 1.8 million logged‑in players in August, with a concentration in the Philippines where roughly 40 percent of all players reside【1】. In that market, 25 percent of participants had never held a bank account before, making the game’s native tokens their first exposure to formal finance. The platform’s two in‑game currencies—AXS and SLP—have facilitated a total trading volume exceeding $2.4 billion, a metric that underscores the real‑world monetary stakes for players who can earn “thousands of dollars a month” by battling and breeding digital monsters【1】.

## Roadmap and accessibility challenges  
Despite the financial upside, onboarding remains cumbersome: new players must set up two crypto wallets, acquire Ethereum, and purchase at least three Axies, a process that can cost around $1,500 according to Rest of World estimates【1】. Recognizing this friction, Sky Mavis is developing a free‑to‑play version that could eventually appear on mainstream app stores, a move that may broaden the game’s reach to a potential 2 billion users as envisioned by co‑founder Aleksander Larsen【1】.

## What to watch  
- **Series C timing** – Any upcoming funding rounds could further shift valuation and signal market sentiment.  
- **Free‑to‑play launch** – The rollout of a simplified version on iOS/Android could drive a surge in new users and on‑chain activity.  
- **Regulatory scrutiny** – Tax authorities in the Philippines are already probing player earnings; future policy actions may affect token usage and liquidity.

The latest funding round cements Axie Infinity’s status as a flagship play‑to‑earn project, but its long‑term influence will hinge on whether the upcoming free‑to‑play version can lower entry barriers enough to sustain growth beyond its current niche markets.

## Sources
1. Platformer — [How Axie Infinity is turning gaming on its head - Platformer](https://www.platformer.news/how-axie-infinity-is-turning-gaming/)
2. The Verge — [How Axie Infinity is turning gaming on its head - The Verge](https://www.theverge.com/2021/10/13/22725083/axie-infinity-sky-mavis-blockchain-economy-game-pokemon)

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Cite as: TrendWatcher, "Axie Infinity raises $152 million Series B, valued at $3 billion", https://www.trendwatcher.in/article/896af19a-53ce-4707-94de-2f86a8e06fe0