Funding Boost for Gameplay Galaxy: $11M Seed Extension Backed Jointly by Blockchain Capital and Merit Circle
Gameplay Galaxy, a Web3 games studio, is currently in the tech soft launch phase for its highly anticipated mobile game, Trial Xtreme Freedom. This game marks the company's first foray into the world of blockchain gaming.
Trial Xtreme Freedom is a mobile-based Web3 sports game that incorporates blockchain elements. While specific details about the Web3 features in Trial Xtreme Freedom are not fully itemized, it is described as a Web3 game developed by Gameplay Galaxy and has attracted significant funding.
Gameplay Galaxy has raised a total of $24 million, which includes an additional $11 million announced recently as part of its seed funding round. The funding brings the total raised to $24 million, following a $12.8 million seed round announced in 2024.
The round was co-led by Blockchain Capital and Merit Circle, reflecting the growing interest in Web3 gaming. The funding was structured as equity with token warrants, valuing the gaming studio at $71 million.
In Trial Xtreme Freedom, players can engage with web3 elements as optional features. These features are likely to include integration of blockchain for in-game assets or ownership, use of NFTs or tokenized items, and possibly decentralized elements or Web3 wallets support for players. However, the exact blockchain mechanisms and tokenomics Trial Xtreme Freedom employs are not yet fully detailed.
Players can earn tokens by playing games in Trial Xtreme Freedom. They can also craft, upgrade, and own bikes within the game. Another exciting feature is the ability for players to host their own events and tournaments with track ownership.
Doron Kagan, founder and CEO of Gameplay Galaxy, previously led the free-to-play game studio Deemedya, renowned for creating popular gaming titles like the Trial Xtreme series, the Rope Escape series, and Game of Winds. Kagan left Deemedya in 2022 to build Gameplay Galaxy.
After 20 years in the free-to-play industry and two successful exits, Kagan saw blockchain as the natural evolution for the gaming industry. He reimagined the successful Trial Xtreme brand, which has over 300 million downloads, as a web3 ecosystem for extreme sports games.
A full launch for Trial Xtreme Freedom is planned for the first quarter of 2025. For more granular information on the Web3 features in Trial Xtreme Freedom, checking Gameplay Galaxy’s official releases or detailed game documentation would be beneficial.
[1] Gameplay Galaxy Official Release [2] Detailed Gameplay Galaxy Game Documentation
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