Gameplay Galaxy, a San Francisco, CA-based Web3-powered, decentralized competitive gaming ecosystem, closed a $12.8m seed funding.
The round was led by Blockchain Capital, with participation from Merit Circle, Com2uS, Mysten Labs, Solana Ventures, Yield Guild Games, and Hustle Fund.
The company intends to use the funds to build games that will unite the most innovative Web3 capabilities, design and create seamless experiences, onboard Web2 players to this Web3 gaming ecosystem, develop its wallet offering, and expand its development team.
Led by Doron Kagan, Founder and Chief Executive Officer, and Maya Gurevich, Founder and Chief Operating Officer, Gameplay Galaxy provides a Web3-powered, decentralized competitive gaming ecosystem. 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 players can own, buy, and sell vehicles, racetracks, characters, workshops, and other items as NFTs in a straightforward manner.