Gameplay Galaxy, an emerging player in the blockchain gaming sector, has recently closed an impressive $11.17 million seed extension round. This funding boost has catapulted the company’s total valuation to $71 million, with a cumulative funding of $24 million. Co-led by Blockchain Capital and Merit Circle, this round will primarily fuel the development of Trial Xtreme Freedom, Gameplay Galaxy’s pioneering blockchain-based game.
While Trial Xtreme Freedom is at the forefront of Gameplay Galaxy’s agenda, the company has grander aspirations in mind. The vision is to revolutionize how gamers engage with digital assets within an extreme sports ecosystem. This ambitious goal sets Gameplay Galaxy apart in the ever-evolving blockchain gaming landscape.
The funding round orchestrated by Gameplay Galaxy has not gone unnoticed within the blockchain community. Unlike traditional equity rounds or simplistic ICOs, the company opted for a hybrid approach incorporating both equity and token warrants. This innovative structure has garnered attention for its attractiveness and flexibility in investment propositions. Token warrants offer a blend of equity security and the potential for exponential growth through tokenized assets, particularly in burgeoning markets like blockchain gaming.
With the fresh injection of funds, Gameplay Galaxy is gearing up for rapid expansion. The company is actively pursuing entry into new gaming markets and is set to unveil a novel business model in the upcoming months. This strategic shift aims to forge key partnerships with leading brands and influential figures in the gaming realm, propelling Gameplay Galaxy to greater heights in the blockchain gaming sphere.
Trial Xtreme Freedom, the flagship blockchain game from Gameplay Galaxy, is slated for a full release in Q1 of the next year. Distinguished by its integration of web3 elements such as blockchain-based progression and asset ownership, the game promises a unique gaming experience. A portion of the funds raised will be allocated to streamlining the onboarding process for Web2 users and integrating essential web3 functionalities.
Doron Kagan, co-founder and CEO of Gameplay Galaxy, envisions blockchain gaming as the natural progression for the gaming industry. By melding web3 features with conventional gaming mechanics, the studio is at the forefront of this new era. With its expanding user base and growing platform, Gameplay Galaxy is poised for increased valuation and broader recognition.
As Gameplay Galaxy continues to attract major brands and key opinion leaders to its platform, the future looks promising for the adoption and valuation of the company. The recent seed extension round, backed by a token warrant structure, could signify the future direction of investments in the blockchain gaming sector. With hybrid models gaining traction, token warrants offer a blend of robust returns and equity security, making them an appealing choice for gaming investments.
Gameplay Galaxy’s recent funding milestone and unique investment approach position the company as a frontrunner in the blockchain gaming domain. With a clear vision, innovative strategies, and a commitment to pushing boundaries, Gameplay Galaxy is set to shape the future of gaming as we know it.