Gameplay Galaxy, creators of the Trial Xtreme franchise, announced the successful extension of their recent seed funding round, raising an additional $11 million, bringing their total funded amount to $24 million.
Funding and Investors
The investment was led by Blockchain Capital and Merit Circle, highlighting the growing confidence in Gameplay Galaxy’s innovative approach to Web3 gaming and its market potential.
Web3 Gaming Features
Trial Xtreme Freedom aims to lead the transition from Free-to-Play (F2P) to broad adoption of Web3 by introducing new player-centric digital ownership models. One notable feature is track ownership, allowing track owners to hold their own tournaments and special events. Players will also be able to craft, upgrade, own their bikes, and earn tokens through in-game experiences. These Web3 features will bring a new level of player ownership grounded in best-in-class gameplay.
Leadership and Investor Opinions
Doron Kagan, Founder and CEO of Gameplay Galaxy stated, “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.” Maya Gurevich, Founder and COO of Gameplay Galaxy said, “Our players are and will always be our focus. Trial Xtreme Freedom is ground zero where our decades of successful game development and Web3 innovation collide. We are here to revolutionize the entire gaming industry by empowering players to have meaningful ownership in a frictionless gaming experience, all while having fun setting new track records.” Bart Stephens, GM at Blockchain Capital added, “Through our investment career, spanning seed VC to hedge fund public equities, we have invested into the video game industry and realize that it’s incredibly challenging, requiring the right blend of talent, technology, and leadership. We have witnessed numerous VCs pour hundreds of millions into web3 games, and we have not been interested —until we met the Trial Xtreme team. We believe that Doron, Maya, and their dedicated team, with over 300 million downloads under their belt and a deep understanding of blockchain, have the expertise to create the first web3 game to achieve widespread mainstream success.”
The funds will be strategically utilized to accelerate product development, expand the world-class team, and enhance go-to-market strategies.
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