The crypto play-to-earn sector is showing no signs of slowing down, MixMob chief executive Simon Vieira says after the Solana-based metaverse game raised $7 million from venture capitalists.

Crypto asset fund Defiance Capital led the funding round, with Acensive Assets, Not3lau Capital, IOSG, Illuvium’s Sydney-based co-founder Kieran Warwick, Kyber co-founder Loi Lui and FMFW.io founder Danish Chaudry participating.

“This appreciable injection of capital will allow us to achieve our strategic objectives over the coming months and years,” Vieira says.

“The play-to-earn sector is showing no signs of slowing down, and by offering something vastly different to what already exists in the space, we firmly believe MixMob will prove to be a hit with the creative community.”

Mixmob says that unlike some of its contemporaries, Mixmob’s metaverse platform is designed to reward creativity and style as much as skill and reflex.

MixMob will start as a card strategy game but plans to evolve into a comprehensive Fortnite-like world.

It sold out “resistance masks” in December, mutable NFTs that function as players’ unique identity in the metaverse.