$24 Million Seed Funding Boosts Gameplay Galaxy’s Web3 Gaming Ambitions

ChainPlay

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3 months ago

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Gameplay Galaxy, known for the hit franchise Trial Xtreme, has extended its recent seed funding round. The extension brings in an additional $11 million, raising their total funding to $24 million. This achievement highlights the growing interest and confidence in Gameplay Galaxy’s approach to Web3 gaming.

Strong Support from Investors

The investment round was led by Blockchain Capital and Merit Circle, two significant players in the industry. Their support signals a strong belief in Gameplay Galaxy's innovative ideas and their potential to disrupt the market. With this backing, Trial Xtreme Freedom is well-positioned to lead the shift from Free-to-Play (F2P) gaming to broad adoption of Web3.

One standout feature of Trial Xtreme Freedom is track ownership. This feature allows track owners to host their own tournaments and special events. Players can also craft, upgrade, and own their bikes, earning tokens as they play. Top-notch gameplay will be maintained while a new degree of user control is introduced by these Web3 components.

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The recently obtained capital will be put to better use by growing the team, expediting product development, and improving go-to-market tactics. These actions will help Gameplay Galaxy maintain its popularity and expand into the Web3 gaming market.

Doron Kagan, Founder and CEO of Gameplay Galaxy, shared his vision for the future. He sees Web3 as the natural next step in the evolution of the Free-to-Play model. Kagan believes this transition could be one of the most significant in gaming history, enhancing player engagement and opening up new opportunities in the industry. He expressed excitement about leading this innovation.

Maya Gurevich, Founder and COO of Gameplay Galaxy, emphasized the company’s commitment to its players. She highlighted that Trial Xtreme Freedom is the result of years of successful game development combined with Web3 innovation. Gurevich aims to revolutionize the gaming industry by giving players meaningful ownership in a seamless and fun gaming experience.

Bart Stephens, GM at Blockchain Capital, spoke about the challenges of the video game industry. He pointed out that many have invested heavily in Web3 games, but few have seen success. Stephens believes that the team behind Trial Xtreme, with over 300 million downloads and deep blockchain expertise, has what it takes to create the first Web3 game to achieve mainstream success.

About Gameplay Galaxy

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The creators of the Trial Xtreme Series, a pioneer in mobile racing and sports games, are Gameplay Galaxy. Their goal is to establish the first competitive extreme sports ecosystem driven by Web 3. With a solid track record and a willingness to adopt new technology, Gameplay Galaxy keeps providing gamers all around the world with amazing gaming experiences.