In a bold move that has sparked intrigue within the blockchain community, Gameplay Galaxy has recently secured $11.17 million in a seed extension round, bringing its total valuation to a whopping $71 million. This funding round, co-led by Blockchain Capital and Merit Circle, is not your typical equity round seen in the gaming and tech industries. Instead, it features a hybrid structure that includes both equity and token warrants. This unique setup has caught the attention of many industry experts, as it offers a blend of ownership security and the potential for appreciating tokenized assets.
With the infusion of fresh capital, Gameplay Galaxy is poised to accelerate its expansion plans. The company is gearing up to enter new gaming markets and is set to unveil a new business model in the coming months. This strategic shift could pave the way for key partnerships with major brands and gaming influencers, further solidifying Gameplay Galaxy’s position in the blockchain gaming space.
One of the key focal points of this funding round is the development of Trial Xtreme Freedom, Gameplay Galaxy’s first blockchain-based game. Set for a full release in Q1 of next year, Trial Xtreme Freedom offers a unique gaming experience by integrating web3 elements such as blockchain-based progression and digital asset ownership. The funding received will also go towards streamlining the onboarding process for traditional Web2 users and incorporating wallets and other web3 functionalities.
Doron Kagan, co-founder and CEO of Gameplay Galaxy, envisions a future where blockchain gaming becomes the norm in the industry. By blending the features of web3 with traditional gaming mechanics, Kagan aims to position Gameplay Galaxy as a pioneer in this new era of gaming. With a growing platform and expanding user base, the company’s valuation is poised to soar, especially as it plans to attract major brands and Key Opinion Leaders (KOLs) to its platform.
As companies in the blockchain gaming space continue to experiment with hybrid investment models, the use of token warrants may become more prevalent. This innovative approach, which combines the security of equity with the potential for token appreciation, offers investors the best of both worlds. The recent funding round for Gameplay Galaxy could serve as a blueprint for future investments in the blockchain gaming sector, paving the way for increased returns and equity security.
Gameplay Galaxy’s recent funding round marks a significant milestone in the evolution of the blockchain gaming industry. With a revolutionary approach to funding and a strategic vision for the future, the company is poised to reshape how gamers interact with digital assets in the realm of extreme sports. As the industry continues to evolve, Gameplay Galaxy stands at the forefront of this exciting new era, primed for success and innovation.
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