Mayhem Studios, a Web3 game development company under MPL, has completed a Series A funding round of $20 million, led by Sequoia Capital.

BlockBeats reported on April 11th that Mobile Premier League (MPL), an Indian P2E game development company, announced the completion of a $20 million Series A financing round for its subsidiary, Mayhem Studios. The financing was led by Sequoia Capital, with participation from Steadview Capital, Truecaller, and others. Last month, MPL launched the NFT marketplace Good Game Exchange (GGX) and also launched a Web3 game strategy based on play-to-earn (P2E), which is part of the group's development plan.