Gameplay Galaxy Secures $12.8M Seed Funding to Build Web3 Competitive Gaming Ecosystem

The Web3 gaming ecosystem is developed by the creators of Web2 gaming series, Trial Xtreme.
Image source: Gameplay Galaxy

Quick take:

  • The funding round was led by Blockchain Capital.
  • Gameplay Galaxy is bringing Trial Xtreme to Web3.
  • Players can earn active income by competing in tournaments and winning races.

Web3 gaming ecosystem, Gameplay Galaxy, today announced the close of its $12.8 million seed round led by Blockchain Capital, with participation from Merit Circle, Com2uS, Mysten Labs, Solana Ventures, Yield Guild Games, and Hustle Fund.

Developed by the creators of blockbuster Web2 gaming series Trial Xtreme, which reached over 250 million downloads across a variety of bike racing games, Gameplay Galaxy is bringing Trial Xtreme to Web3 as a play-to-earn game. The company will also be adding other extreme sports games in the future.

In the Web3 version of Trial Xtreme, players can own vehicles, racetracks, characters, workshops, and other items as NFTs that they can buy and sell on a decentralized marketplace, as well as earn active income by competing in tournaments and winning races, as well as hosting tournaments and events that others can compete on.

Additionally, players will be able to earn tokens by winning games and can redeem earned tokens to open a secure wallet that can store future tokens and NFTs.

“Our players are always our focus and we are also keenly aware of the need to advance the gaming industry’s business model and are proud of the role this launch will play in that evolution,” said Doron Kagan, Founder and Chief Executive Officer of Gameplay Galaxy.  “Our Web3 ecosystem enables players anywhere in the world to play an active role in how the game is played, as well as to group into guilds and take part in game ownership and enjoy the financial upside of the game’s success. This coupling of rich gameplay experience with profitability potential – all on a Web3 platform – is a first-of-its-kind model and an important next step for the gaming industry overall.”

Gameplay Galaxy will use the seed funds to build new and exciting games it onboard Web2 players to its Web3 gaming ecosystem, develop its wallet offering, and expand its development team.

The company launches with a team of over thirty professionals with experience in developing and pioneering innovative gaming products. It is currently hiring team players who are passionate about building out the future of gaming and Web3.

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