Galaxy Fight Club Raises $7M to Build the First Cross-IP PvP game for the NFT Metaverse

Galaxy Fight Club a Polygon-based cross-IP MOBA game, has successfully closed $7 million in a seed and private sale led by Animoca Brands, Sequoia Capital and Skyvision Capital. Galaxy Fight Club's vision is to build a truly open ecosystem with interoperability of digital items where the players, instead of the company, own their IP. On this cross-IP game platform, players will be able to login and battle with the NFTs that they own such as a Bored Ape or a Cryptoadz, enabling different IPs from different collections to interact with each other in a meaningful way.

Galaxy FIght Club Investors

Additional backers and partners in the round include The Chernin Group, YGG SEA, Spartan Capital, Sfermion, PKO Investments, Infinity Ventures Crypto, Huobi Innovation Labs, Kucoin Labs, Rarestone Capital, Formless Capital, Gerstenbrot Capital, Perion, Double Peak Group, Polkastarter, MEXC, MoonEdge, Edimus Capital, Bondly, Astronaut Capital, Panony, 18 Ventures, Zokyo as well as many other notable angel investors including Kevin Lin of Twitch, Kun Gao of Crunchyroll and Matt Finick of ROBLOX and Marvel Studios.

Galaxy Fight Club's Founder Ado says, "In Ready Player One there are different planets known for different experiences and players hop between each planet with their avatars. At the moment most P2E games are still turn-based and not that enjoyable, Galaxy Fight Club is designed to be fun-to-play first, play-to-earn second. in the future we see Galaxy Fight Club as that go-to planet for PvP experiences known for fighting, combat and excitement."

Galaxy Fight Club is already expanding their team rapidly, onboarding industry veterans from the traditional gaming industry as well as blockchain experts.

Gameplay footage

"There are two major trends coming to crypto gaming— shepherding in the utility of PFP NFTs and making play-to-earn games more fun– Galaxy Fight Club is pioneering both," says Jarrod Dicker , Partner at TCG. "Building off of the composability nature of major NFT projects, Galaxy Fight Club is creating a new value for these communities by presenting a fun way to leverage their favorite projects."

"We see a huge potential of protocols integrating increased utility of their NFT's rather than being solely a social status symbol.The team have a wealth of experience in understanding products to design an easy, fun and interactive game combined with strong blockchain talent to integrate the P2E experience," said Patrick Wu , Partner at Skyvision Capital.

Galaxy Fight Club has allocated 40% of their total token supply to their community through their Genesis Galaxy Fighter NFTs, a significant portion even for P2E games.

About Galaxy Fight Club

Galaxy Fight Club is the first cross-IP, cross-platform (PC+ Mobile) PvP fighting game where holders of different NFT collections can battle with each other to both win and earn rewards through play-to-earn mechanics.

Website - https://galaxyfightclub.com/
Twitter - https://twitter.com/GalaxyFight_NFT
Medium - https://medium.com/@Galaxyfightclub/
Discord - https://discord.gg/galaxyfightclub
Official Community Telegram - https://t.me/galaxyfightclub_nftofficial
Official Announcement Telegram - https://t.me/galaxyfightclub_nft


Galaxy Fight Club

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/galaxy-fight-club-raises-7m-to-build-the-first-cross-ip-pvp-game-for-the-nft-metaverse-301472788.html

SOURCE Galaxy Fight Club

News Provided by PR Newswire via QuoteMedia

GAMING00
The Conversation (0)
East Side Games

The Office: Somehow We Manage Mobile Game Available Now

East Side Games Group (TSX: EAGR) (OTC: EAGRF) (" ESGG " or the " Company "), Canada's leading free-to-play mobile game group, in collaboration with Universal Games and Digital Platforms, announced today the worldwide launch of The Office: Somehow We Manage on iOS and Android. The free-to-play idle game is inspired by NBC's critically acclaimed, Emmy® Award-winning U.S. version of The Office which is now streaming exclusively on Peacock.

Watch the launch trailer here .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
NorthStar Gaming Chairman and CEO Michael Moskowitz.

NorthStar Gaming Leverages Content to Create Engaged, Active Players, CEO Says

NorthStar Gaming (TSXV:BET,OTCQB:NSBBF) is leveraging its rich, compelling content to better engage its customers, which ultimately leads to higher revenue, said NorthStar Chairman and CEO Michael Moskowitz, following an earlier announcement that the company is rolling out enhancements to the Sports Insights content on its platform.

“From the time that we founded NorthStar Gaming, we took the view that providing compelling content would lead to higher engagement with our customers,” he said. "And we're finding just that. We're planning to launch Sports Insights 2.0 in the first half of 2024 with redesigned sports and homepages, live scoreboards and tickers, live odds, trending topics and a greater tie-in in terms of the player journey and promotional offers that we provide to them."

Moskowitz noted that leveraging content helps attract new customers, with several media organizations using the company’s content on their own sites. “Ultimately, these articles and this content will help to create awareness around the NorthStar Bets brand and platform, and ultimately drive traffic to our site, which will convert into revenue.”

Keep reading...Show less
hand touching phone

Game-changing Prospects for the iGaming Market

iGaming has grown considerably in recent years. Driven by innovations in web technology and a changing regulatory landscape, online casinos and sportsbooks are more popular than ever.

To understand how the landscape may change moving forward, investors should assess how the industry has evolved in recent years.

Keep reading...Show less
smartphone on podium

Top Trends Shaping the Canadian iGaming Market

From emerging technologies to evolving regulations, the trajectory of iGaming has changed substantially in recent years as the market has experienced significant growth.

In 2022, Ontario's provincial government introduced game-changing legislation that established a regulatory framework for iGaming. Due to this legislation, regulated iGaming successfully displaced the unregulated market, according to Attorney General Doug Downey, creating over 1.6 million active player accounts across more than 70 operator websites as of April 2023 — just over one year following the change.

Ontario's regulation has also laid the groundwork for widespread change in the iGaming space across Canada. As iGaming continues to evolve, it's important to have a deeper understanding of both new and existing trends that will shape the industry's future, as well as regulations.

Keep reading...Show less
NorthStar Gaming Holdings

NorthStar Gaming Holdings


Keep reading...Show less
NorthStar Gaming Announces New Partnership Agreement with BettorView

NorthStar Gaming Announces New Partnership Agreement with BettorView

Partnership strategically positions NorthStar to reach consumers in restaurants and bars across Ontario

NorthStar Gaming Inc. (TSXV: BET) is proud to announce it has entered a partnership agreement with BettorView that will enable NorthStar to engage with consumers in restaurants and bars across Ontario. The partnership provides NorthStar with the opportunity to further expand player acquisition across both sports wagering and online casino in a frictionless and convenient manner.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
{{ sections }}

Latest Press Releases

Related News

×