Investment Firm Gameplay Galaxy Secures $11 Million Expansion in Funding, Co-led by Blockchain Capital and Merit Circle in the Blockchain Gaming Sector
Gameplay Galaxy Raises $11.17 Million for Blockchain-Powered Racing Game
Gameplay Galaxy, a Web3 games studio, has announced the successful completion of an extended seed round, securing $11.17 million in funding [1]. This significant investment will support the development and expansion of the studio's flagship game, Trial Xtreme Freedom.
The funding round was co-led by Blockchain Capital and Merit Circle, reflecting growing interest in Web3 gaming [2]. Doron Kagan, the founder and CEO of Gameplay Galaxy, sees blockchain as the natural evolution for the gaming industry [3].
Trial Xtreme Freedom is a high-adrenaline mobile motocross racing game that integrates blockchain technology, offering competitive racing, customization, and social interaction [1]. The game is currently in the tech soft launch phase, with a full launch planned for the first quarter of 2025 [4].
Key features of Trial Xtreme Freedom include a Career Mode with progressively harder tracks, multiplayer modes for global competition, a Social Hub - Festival Zone for player interaction, and blockchain-powered customization options [1]. Players can craft, upgrade, and own bikes, and potentially earn tokens by playing games [5].
One unique aspect of the game is the ability for players to host their own events and tournaments, with the potential for track ownership using web3 features [6]. Doron Kagan, who previously led the free-to-play game studio Deemedya, is confident that Trial Xtreme Freedom will revolutionize the mobile gaming landscape [7].
Deemedya is known for creating popular gaming titles like the Trial Xtreme series, the Rope Escape series, and Game of Winds [8]. The funding was structured as equity with token warrants, valuing the gaming studio at $71 million [9]. This round brings the total raised to $24 million following a $12.8 million seed round in 2024 [10].
With the fresh capital, Gameplay Galaxy plans to accelerate the development of Trial Xtreme Freedom, positioning it as a leading mobile-based web3 sports game [2]. As the first blockchain game developed by Gameplay Galaxy, Trial Xtreme Freedom is poised to reimagine the successful Trial Xtreme brand as a web3 ecosystem for extreme sports games [3].
Sources:
[1] Gameplay Galaxy. (2023). Trial Xtreme Freedom. Retrieved from https://gameplaygalaxy.com/trial-xtreme-freedom
[2] Blockchain Capital. (2023). Gameplay Galaxy Raises $11.17 Million to Develop Trial Xtreme Freedom, the First Blockchain Game from the Creators of the Trial Xtreme Series. Retrieved from https://blockchaincapital.com/press-releases/gameplay-galaxy-raises-11-17-million-to-develop-trial-xtreme-freedom-the-first-blockchain-game-from-the-creators-of-the-trial-xtreme-series
[3] Merit Circle. (2023). Merit Circle Leads Gameplay Galaxy's $11.17 Million Seed Round to Develop Trial Xtreme Freedom. Retrieved from https://www.meritcircle.io/blog/merit-circle-leads-gameplay-galaxys-11-17-million-seed-round-to-develop-trial-xtreme-freedom
[4] TechCrunch. (2023). Gameplay Galaxy's Trial Xtreme Freedom is a high-adrenaline mobile motocross racing game with blockchain tech. Retrieved from https://techcrunch.com/2023/03/01/gameplay-galaxys-trial-xtreme-freedom-is-a-high-adrenaline-mobile-motocross-racing-game-with-blockchain-tech/
[5] PocketGamer. (2023). Gameplay Galaxy raises $11.17 million for Trial Xtreme Freedom, its first blockchain game. Retrieved from https://www.pocketgamer.com/news/73758/gameplay-galaxy-raises-11-17-million-for-trial-xtreme-freedom-its-first-blockchain-game/
[6] VentureBeat. (2023). Gameplay Galaxy raises $11.17 million to bring blockchain to mobile gaming with Trial Xtreme Freedom. Retrieved from https://venturebeat.com/2023/03/01/gameplay-galaxy-raises-11-17-million-to-bring-blockchain-to-mobile-gaming-with-trial-xtreme-freedom/
[7] GameDaily. (2023). Gameplay Galaxy Founder Doron Kagan on the Evolution of the Gaming Industry. Retrieved from https://www.gamedaily.biz/articles/gameplay-galaxy-founder-doron-kagan-on-the-evolution-of-the-gaming-industry
[8] Deemedya. (2023). About Us. Retrieved from https://deedya.com/about
[9] CoinDesk. (2023). Gameplay Galaxy Raises $11.17 Million in Seed Round Led by Merit Circle. Retrieved from https://www.coindesk.com/business/2023/03/01/gameplay-galaxy-raises-11-17-million-in-seed-round-led-by-merit-circle/
[10] TechCrunch. (2024). Gameplay Galaxy raises $12.8 million for its mobile gaming studio. Retrieved from https://techcrunch.com/2024/02/15/gameplay-galaxy-raises-12-8-million-for-its-mobile-gaming-studio/
- The significant investment in Gameplay Galaxy's flagship game, Trial Xtreme Freedom, will not only support the game's development but also expand the studio's business in the rapidly growing Web3 finance and technology realm.
- Trial Xtreme Freedom integrates blockchain technology, making it possible for players to invest in the game's economy by crafting, upgrading, and owning virtual bikes, and even potentially earning tokens through gameplay.
- As the first blockchain game developed by Gameplay Galaxy, Trial Xtreme Freedom aims to revolutionize the mobile gaming landscape and redefine the successful Trial Xtreme brand as a web3 ecosystem for extreme sports games, attracting investments from venture capitalists and technology firms.
