Gameplay Galaxy, a rising star in the blockchain gaming sector, has recently secured an impressive $11.17 million in a seed extension round. This latest funding has brought the company’s total valuation to $71 million, with a total funding of $24 million. The primary focus of this seed extension round is to support the development of Trial Xtreme Freedom, Gameplay Galaxy’s flagship blockchain-based game. However, the company’s ultimate goal is to transform how gamers engage with digital assets within the realm of extreme sports.
The design of Gameplay Galaxy’s funding round has caught the attention of many in the blockchain community. Unlike traditional equity rounds or simple ICOs, this round featured a hybrid structure incorporating both equity and token warrants. This innovative approach offers a blend of ownership and token-based benefits, making it an attractive and flexible investment proposition. Token warrants, in particular, provide a mix of security and potential for appreciation, especially in rapidly evolving markets like blockchain gaming.
With the infusion of new capital, Gameplay Galaxy is poised to accelerate its expansion efforts. The company is eyeing entry into new gaming markets and has plans to introduce a novel business model in the near future, aimed at forging strategic partnerships with renowned brands and gaming influencers. By leveraging these partnerships, Gameplay Galaxy aims to enhance its brand presence in the blockchain gaming space and attract a wider audience.
Trial Xtreme Freedom, Gameplay Galaxy’s upcoming blockchain game, is scheduled for a full release in the first quarter of the following year. Distinguished by its integration of web3 elements such as blockchain-based progression and asset ownership, the game stands out from traditional gaming platforms. A portion of the funding will be utilized to streamline onboarding for Web2 users and integrate essential web3 functionalities, such as wallets. Doron Kagan, the CEO of Gameplay Galaxy, envisions the company at the forefront of the blockchain gaming revolution by combining web3 features with conventional gaming mechanics.
As Gameplay Galaxy continues to grow its platform and user base, its valuation is poised to soar. By attracting major brands and key opinion leaders (KOLs) to its platform, the company aims to further expand its user base and solidify its position in the blockchain gaming arena. This strategic move is expected to fuel future adoption and enhance the overall valuation of the platform.
The recent funding round for Gameplay Galaxy, structured around token warrants, hints at a potential shift in investment trends within the blockchain gaming sector. By embracing hybrid models that offer enhanced returns and equity security, companies are paving the way for a new era of gaming investments. Token warrants, with their unique blend of benefits, appear to be a natural fit for investors seeking to capitalize on the burgeoning blockchain gaming landscape.
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