Axie Infinity Raises $860K While Their AXS Token Rises 55% In The Last 24 Hours

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The Axie Infinity team is making moves. On the one hand, they raised $860K “through a strategic sale of our governance token, AXS.” On the other, they announced an in-game decentralized exchange and their AXS increased in prize by 55% in the last 24 hours. 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.
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Let’s digest all that part by part.
Axie Infinity ‘s $860K Private Sale
The terms of the “strategic sale” state the following:
“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 extremely 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,” he adds for color. 

$AXS @AxieInfinity I think is now @DeFianceCapital best seed investment ever and it’s not even close
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
World is unbound growth
— Zhu Su



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