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Gameplay Galaxy Extends Seed Funding Round by $11 Million

Aug 27, 2024
  1. Funding Announcement
  2. Web3 Gaming Specifications
  3. Management Commentary

Gameplay Galaxy, known for the Trial Xtreme series, announced the extension of their seed funding round, adding $11 million to their existing $24 million.

Funding Announcement

The funding round extension was led by Blockchain Capital and Merit Circle. This additional investment underscores the growing confidence in Gameplay Galaxy’s innovative approach to Web3 gaming and its potential market impact.

Web3 Gaming Specifications

Innovations include track ownership, organization of tournaments, and special events. Players will be able to create, upgrade, own their bikes, and earn tokens through gameplay. These features will emphasize a high level of player ownership built on best-in-class gameplay.

Management Commentary

The funds will be used to accelerate product development, expand the team, and enhance market strategies.

We believe that Web3 represents the natural evolution of the Free-to-Play model, paving the way for the most significant transition in gaming history. This new paradigm not only enhances player engagement but also opens up unprecedented opportunities for the emergence of new gaming giants. We’re excited to be at the forefront of this revolution, driving innovation and creating value for our players and stakeholders.Doron Kagan, Founder and CEO of Gameplay Galaxy

Gameplay Galaxy continues to push the boundaries of Web3 gaming, aiming to deliver unforgettable experiences to players worldwide.

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