Avalon raised $13 million in venture funding to continue building the world’s first interoperable digital universe, which provides the infrastructure to build, operate and maintain digital universes. Coinbase led this round of funding with participation from existing investors BITKRAFT Ventures, Hashed, Delphi Digital,  Yield Guild Games, Mechanism Capital, Morningstar Ventures, and Merit Circle.

AVALON is an international, fully remote, people-first organization dedicated to attracting, hiring, retaining, and empowering passionate veteran creatives.
The company is developing a game platform that will take advantage of the metaverse one day. It envisions an interoperable universe linked together by game engines and blockchain technology. It isn't calling its platform a "metaverse" because "we imagine that a single company can't build that," said Sean Pinnock, CEO of Avalon, in an interview with GamesBeat.

The Orlando, Florida-based company believes its leaders have the necessary experience to address the issues that creators and designers will face soon.