Gameplay Galaxy, a rising star in the world of blockchain gaming, has recently secured $11.17 million in a seed extension round, bringing its total valuation to an impressive $71 million. This funding, co-led by Blockchain Capital and Merit Circle, will primarily be used to further develop Trial Xtreme Freedom, the company’s groundbreaking blockchain-based game. However, Gameplay Galaxy has set its sights on a much larger goal: revolutionizing how gamers interact with digital assets within an extreme sports ecosystem.
What sets Gameplay Galaxy’s latest funding round apart is its unique structure. Unlike traditional equity rounds or simple ICOs, this seed extension round features a hybrid model that combines both equity and token warrants. This innovative approach has caught the attention of many in the blockchain community, as it offers a blend of ownership and tokenized assets. Token warrants provide the security of equity while also offering the potential for significant appreciation in the rapidly evolving world of blockchain gaming.
With the infusion of fresh capital, Gameplay Galaxy is gearing up for significant expansion. The company plans to enter new gaming markets and unveil a new business model in the coming months, aiming to forge strategic partnerships with major brands and gaming influencers. This strategic shift could pave the way for high-profile collaborations and further elevate Gameplay Galaxy’s presence in the blockchain gaming realm.
Scheduled for a full release in Q1 of next year, Trial Xtreme Freedom is poised to disrupt the gaming landscape. Setting itself apart from traditional platforms, the game integrates web3 elements such as blockchain-based progression and asset ownership. Part of the funding received will be allocated towards streamlining the onboarding process for Web2 users and enhancing web3 functionalities, such as wallet integration.
According to Doron Kagan, co-founder and CEO of Gameplay Galaxy, blockchain gaming represents the next frontier in the evolution of the industry. By combining web3 features with traditional gaming mechanics, the studio is positioning itself as a trailblazer in this new era. With a growing user base and expanding platform, Gameplay Galaxy’s valuation is poised to soar as it continues to attract major brands and key opinion leaders to its platform.
The recent seed extension round for Gameplay Galaxy, featuring a token warrant structure, may foreshadow the future of investment in the blockchain gaming sector. As companies within this space experiment with hybrid models, the allure of token warrants, offering the potential for increased returns alongside equity security, is becoming increasingly apparent. This innovative funding approach could set a precedent for future investments in the gaming industry.
Gameplay Galaxy’s recent funding success marks a significant milestone in the realm of blockchain gaming. By embracing a forward-thinking approach to funding and development, the company is poised to lead the charge in reshaping how gamers interact with digital assets. With Trial Xtreme Freedom on the horizon and a growing list of strategic partnerships, Gameplay Galaxy is well-positioned to make a lasting impact on the future of gaming.
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