US-based web3 game studio Avalon has announced a $10 million funding round, which was co-led by Bitkraft Ventures and Hashed. Other participants include Coinbase Ventures, Spartan Capital, Foresight Ventures, LiquidX (Pixelmon), and Momentum6. Founded in 2021 by Jeffrey Butler, one of the original producers for EverQuest, alongside Sean Pinnock and Zack Karlsson, and a team with experiences from the likes of Call of Duty, Diablo, God of War, Assassin’s Creed and Elden Ring, Avalon is building eponymous UGC-focused AI-heavy MMORPG Avalon.