Bitkraft Ventures and Hashed have co-led a $10 million funding round for crypto gaming studio Avalon, which plans to release a massively multiplayer online game. 

The company's first game, also called "Avalon," is being built by a team of people with experience working for major web2 gaming companies. To develop the title, Avalon has partnered with "artificial intelligence pioneers Didimo and Inworld AI," the company said in a statement.

“The Avalon universe prioritizes delivering an immersive gameplay experience by combining cutting-edge tech like Unreal Engine 5 with AI-assisted user-generated content systems," Avalon CEO and founder Sean Pinnock said in the statement. "Our focus on a no-code solution enables players to create game logic effortlessly. Plus, our upcoming NFT …