P2E Game Startup Battlebound Closes $4.8 Million Round Led by a16z

P2E game startup Battlebound closed a $4.8 million round of funding led by a16z with participation from Play Ventures and Dapper Labs, among others. The funding will help Battlebound scale and release its two game titles in development in phases that are quicker to market. Previously, Battlebound launched an NFT collection of 10,000 playable game avatars, which generated $3 million in funding. The next NFT collection will launch later this year.