Blockchain Capital and Merit Circle backed the additional funding, bringing the total raised in the round to $24 million.
Web3 studio Gameplay Galaxy has secured an additional $11 million in an extended seed round, as venture capital funding for blockchain-based gaming is expected to return in 2024.
Blockchain Capital and Merit Circle backed the additional funding, bringing the total raised in the round to $24 million. According to an Aug. 27 announcement, the funds will support the development of the studio’s flagship title, Trial Xtreme.
Gameplay Galaxy claims to have over 300 million downloads tied to the Trial Xtreme franchise, a mobile game featuring motocross-style racing and sports. One of the series’ popular games, Trial Xtreme Freedom, is set to introduce blockchain-based ownership tracking of in-game assets in tournaments.
