Sky Mavis – Pioneering Web3 Gaming & Blockchain Infrastructure
10 min read
Sky Mavis – Pioneering Web3 Gaming & Blockchain Infrastructure
🚀 Sky Mavis Quick Facts 2025
Founded: 2018
HQ: Ho Chi Minh City, Vietnam
Employees: 200+ (2025)
Funding Raised: $311M
Valuation: $3B (2025)
Ecosystem: Axie Infinity, Ronin Blockchain, Mavis Hub
- #1 blockchain gaming ecosystem: Axie Infinity, Ronin (top 3 NFT chain, 10M+ wallet downloads)
- Backed by a16z, Paradigm, Accel, Binance, Animoca Brands
- 2024 profit: $13.4M (x3 YoY), revenue $35M (+51%)
- Rebounded after $625M Ronin hack; runs lean & profitable
- Key products: Axie Infinity, Ronin, Marketplace, Ronin Wallet, Mavis Hub, Web3 infra for games
Sky Mavis is Southeast Asia's Web3 unicorn—creator of Axie Infinity and the Ronin blockchain. A global pioneer in player-owned digital economies, Sky Mavis now powers the world's leading blockchain gaming infrastructure, trusted by millions, and is a symbol of Vietnam's tech ascendance.
Overview & Mission
- Company: Sky Mavis Pte. Ltd.
- Industry: Web3, Blockchain, Gaming, Fintech
- Mission: Empower economic freedom for everyone through player-owned virtual economies
- Vision: To be the world's default platform for blockchain-powered gaming and digital ownership
Market Pain Point
Problem: Millions of gamers worldwide miss out on true digital ownership and upside from their in-game assets; blockchain games face complex onboarding, fragmented infra, and security risk.
Sky Mavis’s Solution: All-in-one ecosystem: create, launch, and scale Web3 games—Ronin chain (ultra-fast, NFT-focused), robust wallet, marketplace, and tools for both players and devs.
Competitive Advantage
- Ronin: #1 gaming-focused blockchain (10M+ wallets), low cost, EVM compatible
- Axie Infinity: first global play-to-earn phenomenon, 2.8M+ at peak (2021), still in top 5 by active wallets
- Back-end infra: Mavis Hub, launchpad, SDK/API for third-party game studios
- Proven resilience: rebounded profit x3 after Ronin hack, diversified digital asset revenue
- Active governance, open-source code, builder-centric approach
Business Model & Revenue
- Marketplace fees (NFT/gaming assets), Ronin chain gas fees
- Date-locked, validator, and staking rewards (83%+ revenue 2024)
- SaaS for developers—aggregate infra, publishing, data, launchpad
- Axie: transaction fees, branded NFT launches, ecosystem rewards
Ecosystem, User & Financial Growth (2018–2025)
Sky Mavis Ecosystem, Users & Financial Growth (2018–2025)
Growth & Performance Highlights
| Metric | Data |
|---|---|
| Founded | 2018 |
| Employees | 200+ (2025) |
| Active Wallets | 10M+ (Ronin, 2025) |
| Axie Peak DAU | 2.8M+ (2021) |
| 2024 Revenue | $35.2M |
| 2024 Net Profit | $13.4M (x3 YoY) |
| Total Funding | $311M (Seed–Series C) |
| 2025 Valuation | $3B |
| Main Investors | a16z, Paradigm, Accel, Animoca, Binance |
Funding, Team & Investors
- Founder/CEO: Nguyễn Thành Trung (ex-Lozi, Vietnam tech pioneer, Forbes 30U30 Asia)
- Key Team: Aleksander Larsen (COO), Jeffrey Zirlin (Growth), Tu Doan (Art), Andy Ho (CTO)
- Team: 200+ globally distributed, Vietnam and Singapore core
- Major investors: Andreessen Horowitz, Paradigm, Accel, Binance, Animoca Brands, Libertus, etc.
Nguyễn Thành Trung (center), Aleksander Larsen, Jeff Zirlin, Tu Doan — the Sky Mavis founding team
Achievements & Social Impact
- Axie Infinity: World’s first viral play-to-earn game, paved way for NFT gaming sector
- Ronin: now top 3 NFT blockchain globally, with lowest gas fees, best UX for gamers/devs
- Key to making “Vietnam = blockchain powerhouse” in global tech ecosystem
- Massively contributed to new jobs, startups, developer/creative ecosystem
Exit Strategy & ROI Outlook
- Global Web3 & gaming IPO/M&A candidate (Coinbase, OpenSea, Animoca...)
- Persistent revenue engines: chain fees, SaaS, NFT eco, staking—Web3 cash flow
- High moat: IP (Axie), infra, brand, top user/asset stickiness (Ronin wallet NPS 90+)
Risks & Solutions
- Risks: regulatory volatility (US/Asia), NFT/gaming cycles, security/hacks, market sentiment
- Solutions: open-source smart contract, ongoing audits, diversified validator, strong reserves, community recovery fund
- New initiatives: focus on Ronin as platform infra (not just P2E), scale up B2B 3rd-party games/tools
SWOT Analysis of Sky Mavis (2025)
SWOT Analysis – Sky Mavis (2025)
“We’re not just building a game or a blockchain—we’re building mainstream adoption of digital ownership for a new generation.”
— Nguyễn Thành Trung, Founder & CEO Sky Mavis
Introducing Mavis Seeds | Life at Sky Mavis (YouTube)
Sky Mavis is making Vietnam the world’s blockchain gaming capital—empowering millions of creators, players, and open economy pioneers. Join us in building the Web3 future!
What’s Next / Future Roadmap (2025–2028)
- 2025: Open up Ronin SDK for third-party AAA studios, global NFT marketplace v2 launch
- 2026: Reach 15M+ wallets, expand infra to support scalable multi-chain games
- 2027: Enroll 50+ Web3 games, lead metaverse interoperability pilot in Asia
- 2028: IPO/M&A strategic exit or full DAO governance transition
- Ongoing: Security, user/community incentives, open infra for global Web3 adoption
Vision: Sky Mavis — the world builder for open, player-owned digital economies.
Register Your Interest in This Project
“Skillset and Toolset are merely the ingredients, but Mindset is the flame. Without the right willpower, perseverance, and thirst for breakthrough, even the best tools remain dormant. Mindset determines the game.”
— Hoang Vinh, CEO MPR - Market and Product Research
Sources Aggregated for Investors:
- Main Page: https://www.skymavis.com/
- 2024 Financials/Recovery: Vietcetera
- Funding/Valuation: SalesTools.io | Clay Funding
- Axie/Ronin Wallet: Roninchain
- Team: Axie Whitepaper – Team
Download Sky Mavis Infopack PDF
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