| Founded | 2018 |
|---|---|
| Closed | 2022 |
| Country | Vietnam |
| Sector | Gaming |
| Total raised | ~$162M (a16z crypto, Accel, Paradigm, Multicoin Capital) |
| Collapse type | Sudden Collapse |
| Founder | Trung Nguyen, Jeff Zirlin |
Axie Infinity (Sky Mavis)
"The play-to-earn NFT game with 2.8 million daily users and a $3B valuation — destroyed in one day when North Korea's Lazarus Group stole $625 million from its Ronin bridge"
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Axie Infinity was built by Sky Mavis — a Vietnamese gaming studio founded in 2018 by Trung Nguyen, Jeff Zirlin, and co-founders in Ho Chi Minh City.
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