Gameplay Galaxy, a gaming firm behind Trial Xtreme, has secured $11.17M from its seed round extension, a session co-led by Blockchain Capital and Merit Circle. This extended round has brought the total amount generated from seed funding to $23.97M, in addition to the initial $12.80M raise. Blockchain Capital and Merit Circle participated in Gameplay Galaxy’s initial Seed round alongside Com2uS, Mysten Labs, Solana Ventures, Yield Guild Games, and Hustle Fund.
According to Doron Kagan, the Founder and CEO of Gameplay Galaxy, the seed extension round commenced in May and has an equity round with token warrants which elevated the company’s valuation to a whopping $71M. Speaking on the investment participants, he said many smaller investors who pleaded anonymity contributed to the recently completed seed round.
Gameplay Galaxy Soft-launches Trial Xtreme Freedom
Following the successful rounds, Gameplay Galaxy is expected to launch tons of games into the web3 gaming ecosystem. Currently, the team is building its inaugural game: Trial Xtreme Freedom — an extreme bike racing game. They plan to utilize the funds to create a “new player-centric digital ownership utilization model” where players can own tracks, craft, upgrade, and own bikes, host tournaments and events and ultimately earn tokens. In plain terms, Gameplay Galaxy is trying to build an economy around its web3 franchise.
Trial Xtreme Freedom was soft-launched on August 23, ahead of a global launch scheduled for Q1 2025. However, the launch depends on app store approval and subsequently generated key performance indicators (KPIs). Though the full launch will coincide with the token issuance, Gameplay Galaxy stays committed to providing players with the best experience.
Gameplay Galaxy aims to penetrate the web3 gaming market by campaigning with Trial Xtreme, its traditional game that boasts over 300M downloads. Interestingly, the mobile free-to-play game debuted in the gaming space in 2011.
Kagan said: “After 20 years in the free-to-play industry and two successful exits, we saw blockchain as the natural evolution for the gaming industry”. He further explained saying: “With strong conviction, we took our successful Trial Xtreme brand with over 300 million downloads and reimagined it as a web3 ecosystem for extreme sports games.”
Gameplay Galaxy Open Roles Ahead of Full Launch
In addition to the full launch preparations, Gameplay Galaxy has opened more roles to bring in more experts to the team. The team plans to introduce a model that would allow major brands and KOLs to become stakeholders as the game expands into more countries and integrates additional web3 features.
For more information, visit https://www.gameplaygalaxy.com/