Play-to-earn (P2E) company Avocado Guild has raised $18 million in a Series A funding round to go toward expanding its gaming services, a Wednesday (Nov. 24) Yahoo report says.
Avocado and similar guilds cluster platform-to-employment gamers who can rake in crypto income from various games like Axie Infinity, which lets players collect and battle with characters in the form of digital non-fungible tokens (NFTs), earning money through playing.
The guilds often come with agreements for revenue sharing, giving players NFT loans to get them into the games, the report notes.