Thursday, October 5, 2023

Gamefi: Blockchain Game Raises $7 Million


For a long time, Gamefi has been the focus of the crypto world. The increased corporate interest also shows that there is still a lot of ground to cover.

We might soon all be wearing virtual reality headgear. Also, spending our spare time discovering, engaging, and earning in rich virtual reality environments.

This is clear because a continuous amount of investment is pouring into the sector. For instance, Gemini raised $400 million to facilitate entry to the Metaverse. On top of that, the Tron Foundation launched a $300 million Gamefi fund.

Galaxy Fight Club, a MOBA game based on the Polygon blockchain, is the latest project to receive a seven-figure investment. The cross-IP game generated $7 million in its most recent seed and private sale. Animoca Brands, Sequoia Capital, and Skyvision Capital were the lead investors in this round. Galaxy Fight Club also received funding from The Chernin Group, Infinity Ventures Crypto, and a number of additional investors.

Galaxy Wars

Unlike many of its battle-based peers, the program aspires to be a replica of Nintendo’s Super Smash Bros series. It accomplishes this by offering a platform on which users from all around the world can compete. Consquently for rewards using their own NFTs.

Galaxy Fight Club aims to build a long-term ecosystem that disrupts the present fragmented approach. It accomplishes this by allowing NFT owners from various communities to use their assets on a standardized platform. The GFC team sees every NFT project. With every Lego brick that can be used to build new things.

The investment firms in the industry have definitely taken to the concept. The Chernin Group’s partner, Jarrod Dicker, recognized Galaxy Fight Club as a great bet in the fundraising round. This attracted over two dozen investors. The other is to make earn-to-play games more enjoyable. Galaxy Fight Club, according to him, is a pioneer in both fields.

Gamefi: Genesis Fighter

In addition to unlocking the doors to numerous NFT collections, Galaxy Fight Club has its own platform-native Genesis Fighter avatars. Simply keeping these Genesis Fighter avatars in your wallet earns you prizes (approximately 5–15 $GCOINs every day). Consequently, they generated a lot of buzzes. Along with access to several NFT collections, Galaxy Fight Club features its own Genesis Fighter avatars. It makes up nearly 40% of the network’s overall supply.

PvP Deathmatches, 3v3 Team Tournaments, and 10-perso Battles are excellent venues for testing out Avatars. Typically, a variety of prizes are up for grabs, including $GCOIN, weaponry, and even ETH. All players are eligible for these prizes. This includes whether one chooses to fight with a customized Genesis fighter, an NFT from another game. Additionally, they can choose an automatic default fighter with basic attributes.

Christina Jones
Christina Jones
Christina Jones is the owner and CEO of Cryptoconstellation Before starting Crytpoconstellation, Christina spent ten years as an Editor in Chief at a well-known publishing house, Editorial Planeta SL, in Madrid.

More from Crypto News Constellation

[tds_leads input_placeholder="Email address" btn_horiz_align="content-horiz-center" pp_checkbox="yes" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" msg_composer="success" display="column" gap="10" input_padd="eyJhbGwiOiIxNXB4IDEwcHgiLCJsYW5kc2NhcGUiOiIxMnB4IDhweCIsInBvcnRyYWl0IjoiMTBweCA2cHgifQ==" input_border="1" btn_text="I want in" btn_tdicon="tdc-font-tdmp tdc-font-tdmp-arrow-right" btn_icon_size="eyJhbGwiOiIxOSIsImxhbmRzY2FwZSI6IjE3IiwicG9ydHJhaXQiOiIxNSJ9" btn_icon_space="eyJhbGwiOiI1IiwicG9ydHJhaXQiOiIzIn0=" btn_radius="0" input_radius="0" f_msg_font_family="521" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_msg_font_weight="400" f_msg_font_line_height="1.4" f_input_font_family="521" f_input_font_size="eyJhbGwiOiIxMyIsImxhbmRzY2FwZSI6IjEzIiwicG9ydHJhaXQiOiIxMiJ9" f_input_font_line_height="1.2" f_btn_font_family="521" f_input_font_weight="500" f_btn_font_size="eyJhbGwiOiIxMyIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMSJ9" f_btn_font_line_height="1.2" f_btn_font_weight="600" f_pp_font_family="521" f_pp_font_size="eyJhbGwiOiIxMiIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMSJ9" f_pp_font_line_height="1.2" pp_check_color="#000000" pp_check_color_a="#fdbf46" pp_check_color_a_h="#000000" f_btn_font_transform="uppercase" tdc_css="eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJsYW5kc2NhcGUiOnsibWFyZ2luLWJvdHRvbSI6IjMwIiwiZGlzcGxheSI6IiJ9LCJsYW5kc2NhcGVfbWF4X3dpZHRoIjoxMTQwLCJsYW5kc2NhcGVfbWluX3dpZHRoIjoxMDE5LCJwb3J0cmFpdCI6eyJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3Njh9" msg_succ_radius="0" btn_bg="#fdbf46" btn_bg_h="#dd9933" title_space="eyJwb3J0cmFpdCI6IjEyIiwibGFuZHNjYXBlIjoiMTQiLCJhbGwiOiIwIn0=" msg_space="eyJsYW5kc2NhcGUiOiIwIDAgMTJweCJ9" btn_padd="eyJsYW5kc2NhcGUiOiIxMiIsInBvcnRyYWl0IjoiMTBweCJ9" msg_padd="eyJwb3J0cmFpdCI6IjZweCAxMHB4In0=" msg_err_radius="0" f_btn_font_spacing="1" title_text="Stay Up to Date"]


Related Crypto News

Development of NFT’s Gaming Industry

Following the speedy crypto crisis, the NFT gaming universe is rapidly expanding, and these platforms continue to draw...

FanTiger Plans to Modify Music via NFT

FanTiger, an NFT music service, achieves a $5.5 million investment as part of an initial funding deal. Multicoin Capital...

NFT Adoption Surge in Korea

The country in the Far East may soon be at the forefront of the blockchain business once more....

Instagram Might Add NFTs Soon

Instagram, the video and photo-sharing service owned by Meta, is planning to add non-fungible tokens (NFTs) to its...