For the CEO of Sky Mavis, raising a lot of capital will make it easier to implement the intentions, because it is very difficult to do without enough capital. However, there are times when holding a lot of capital is not necessarily effective.
In February 2022, Forbes Vietnam announced the Under 30 list in 2022. Instead of 30 characters, this year’s Under 30 list includes only 26 faces. These characters are currently operating in four areas: Business and entrepreneurship; Social activities; Science and education; Creativity, art, entertainment and sport.
In particular, Nguyen Thanh Trung – co-founder and CEO of Sky Mavis, the company that owns the hit blockchain game Axie Infinity, causing a world fever in 2021 is also on this list. He is Vietnam’s first tech dollar billionaire. Accordingly, the game Axie Infinity, developed by Sky Mavis, has a market value of over $8 billion, raising $7.5 million in a Seres A funding round from billionaire Mark Cuban and a group of international investors; Another $152 million in Series B funding.
Nguyen Thanh Trung was born in 1992, formerly a student majoring in Mathematics – Information (High School for the Gifted in Natural Sciences, University of Natural Sciences, Vietnam National University, Hanoi). Besides, he was also directly recruited to study Software Engineering at FPT University. Trung also won the CUP Dong Super CUP at the Student Informatics Olympiad (2012). In 2014 in Ekaterinburg, Russia, Nguyen Thanh Trung was the only Vietnamese student to attend the Global Final of the ACM/ICPC International Student Programming Competition.
Used to hate blockchain but ended up starting blockchain…
It is known that Nguyen Thanh Trung used to hate blockchain, because before that, there were many ICO cases (first cryptocurrency issuance) that emerged with a lot of fraudulent information, get rich quick… But because of the coincidence came into contact with a blockchain game and had the chance to meet two of the Company’s four current co-founders while playing the game. In 2018, Nguyen Thanh Trung and his co-founders Sky Mavis decided to start a business with Axie Infinity, the purpose of which was to better develop the game they were playing.
Nguyen Thanh Trung has entered the top 10 most influential figures in the crypto world after launching the game Axie Infinity. This ranking is published by CoinDesk, which is an influential news site in the cryptocurrency market.
Axie Infinity is one of the first blockchain-powered games in the world, this game allows participants to both have fun and earn money, creating a virtual world that players can build, breeding, can both bring the Axie to fight and win. Blockchain technology allows to confirm ownership of in-game items to help players exchange and transfer, thereby generating real income.
According to the data of December 2021, the average daily transaction value of items reached 10 million USD. As of early February 2022, the total value of items in Axie Infinity has been traded approximately 4 billion US dollars. Following the success of Axie Infinity, many blockchain games in Vietnam and the world have also developed since then.
“At the beginning, no one knew that Axie Infinity was Vietnamese. Because at first, a startup didn’t have too much time to think about how to incorporate culture into the product, because they had too many problems to think about. like how to survive”, Nguyen Thanh Trung shared an event in April 2022.
For the CEO of Sky Mavis, raising a lot of capital will make it easier to implement the intentions, because it is very difficult to do without enough capital. However, there are times when holding a lot of capital is not necessarily effective.
Up to now, Sky Mavis can be considered to have followed the enterprise’s strategy: targeting the international market. Currently, Axie Infinity has become a technology product that is considered to be of international stature. The total number of foreign players accounted for 97%, the remaining 3% were Vietnamese.
At an event in mid-December recently, Ho Sy Viet Anh – CTO Sky Mavis shared to the community the most updated information about the business. According to him, in addition to Axie Infinity, Sky Mavis also develops a blockchain ecosystem with the aim for the community to develop together. Some other products of Sky Mavis can be mentioned such as: electronic wallet (e-wallet), NFT asset trading market (NTF Marketplace), Ronin (Ronin Network) sidechain network located on the network. Ethereum, the decentralized exchange Katana (decentralized exchange)…
Currently, Sky Mavis has more than 200 official employees worldwide, CTO Ho Sy Viet Anh is directly leading more than 100 engineers. This business is also looking for engineers and talents, especially to train students who are passionate about this field, to create an environment for them to learn and work with our team of technology engineers. company.
