Heaven Mavis, the studio behind the popular Axie Infinity nonfungible token (NFT) game, has announced a fresh circular of funding for the company.

In a statement issued on Tuesday, Sky Mavis appear that it had closed a $152-million Series B funding circular.

According to the announcement, notable crypto and blockchain investors such equally global exchange behemothic FTX, venture majuscule fund Andreessen Horowitz participated in the investment circular.

Other investors in the $152-1000000 funding round included Accel, Epitome, Standard Crypto, every bit well as Material Ventures and Samsung Next amid other notable backers.

The Axie Infinity maker said it was going to use the funds to "create economical and financial freedom for gamers," adding:

"While we've scaled at an astonishing charge per unit, adding institutional investors to our customs will enable united states to expand our reach, reinforce our legitimacy when it comes to regulatory protection, and will requite us the flexibility to scale and hire aggressively without touching our AXS token reserves."

Tuesday'southward funding news comes on the heels of the project'south token AXS reaching a new best loftier to a higher place $155 on Monday.

The parabolic AXS cost rise has been fueled by significant developments such equally massive airdrops and the launch of AXS staking.

Axie earned about $220 million in revenue in September, a significant decline from the over $342 meg reported in August. However, the company has recorded more than than $2.2 billion in total trading volume

Related: Axie Infinity hits a new ATH at $155 while Bitcoin bulls aim for $50K

Sky Mavis also has plans for significant upgrades to its gaming platform and the release of its Ronin-based decentralized exchange.

Ronin is the company's Ethereum sidechain that reportedly has $4.5 billion already locked upward in the network with about two million user wallets.