Tuesday, October 4, 2022

Galaxy Fight Club Secures $7M to Build its First Cross-IP Game

Galaxy Fight Club, a polygon-based Cross- IP Multiplayer Online Battle Arena(MOBA) Game has secured $7 million in seed and private funding round that was led by  Animoca Brands, Sequoia India, and Sky Vision Capital. 

Galaxy Fight Club’s mission is to establish a free interactive ecosystem of digital products where users acquire their intellectual property. The Cross-Game manifesto will enable players to engage and have access to the games from any device. The game is accessed through the use of NFTs they control such as Bored Ape or Crypto Ads, allowing various IPs from different collections to interact meaningfully.

Various supporters and contributors in the round include The Chernin Group, PKO Investments, Huobi Innovation Labs, Kucoin Labs, YGG SEA, Spartan Capital, Infinity Ventures Crypto, Formless Capital, Gerstenbrot Capital, Rarestone Capital, MEXC, MoonEdge, Polkastarter, Panony, RR2 Capital, Astronaut Capital, Double Peak Group, 18 Ventures, Zokyo, Edimus Capital amongst several outstanding Investors including Kun Gao of Crunchyroll, Kevin Lin of Twitch, 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.”

“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”, said 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.”

Venture capital funding is now becoming commonplace in today’s digital currency ecosystem. A particular trend brewing is the funding of metaverse and NFT focused platforms, a number of which CryptoMarketsbeat has documented their funding of late. Amongst those that have received financial backing from investors lately include MetaDojo and Corite amongst others. With the big money guys refusing to relent, more innovative metaverse-focused startups are bound to have no issues showcasing their innovations and creativities to the world.

Joyce Onose
A Blockchain enthusiast and growing writer in the space with an understanding of the importance in creating quality content for readers in the industry. Also, keen on using her skills in improving Blockchain journalism.

Related Articles

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
2,043FollowersFollow

Latest Articles

%d bloggers like this: