Gamefi has long been the talk of the crypto community, and rising institutional interest indicates more to come.
Gemini’s $400 million metaverse fund or Tron’s $300 million games funds, money is coming into the space.
People will soon don VR headgear and spend their free time exploring, participating, and earning in immersive virtual reality worlds.
Galaxy Fight Club, a MOBA game based on the Polygon blockchain, is the latest venture to receive a seven-figure investment.
Animoca Brands, Sequoia Capital, and Skyvision Capital led the $7 million seed and private sale. With participation from The Chernin Group, YGG SEA, Spartan Capital, Sfermion, PKO Investments, Infinity Ventures Crypto, Rarestone Capital, and others.
The Galaxy Wars have Begun
For example, unlike many of its battle-based competitors. The project allows users globally to bring their own NFTs (Cryptopunks, BAYC, and so on) to the party and fight for rewards.
Galaxy Fight Club wants a sustainable ecosystem that allows other groups to use their odd and beautiful assets on an interoperable platform. The GFC team sees every NFT project as a Lego-brick waiting to assemble.
In addition to The Chernin Group, almost two dozen other venture capital firms backed the startup.
He believes that two main developments are coming to crypto gaming. The utility of PFP NFTs and the enhancement of play-to-earn games. Galaxy Fight Club is a forerunner in both of these areas.
As a result of the composability of huge NFT projects, Galaxy Fight Club generates additional money for these groups.
Galaxy Fight Club’s Genesis Fighter avatars reward players every day (5-15 $GCOINs) and unlock NFT collections.
Galaxy Fight Club Gains Traction
When the collection of 10,127 local fighters sells last year, it generated a lot of buzzes, with the collection fetching close to $10 million. This collection represented 40% of the overall supply on the site.
Players can compete in PvP Deathmatches, 3v3 Team Tournaments, or 10-person Battle Royales for rewards like $GCOIN, weaponry, and even ETH. They can test their avatar in PvP Deathmatches, 3v3 Team Tournaments. As well as 10-person Battle Royales for rewards like $GCOIN, weaponry, and even ETH.
According to Patrick Wu of Skyvision Capital, protocols that make NFTs more useful than just a social status indicator have a lot of potential.
He went on to say that the GFC team has created a simple, fun, and interactive game.
Galaxy Fight Club already has numerous major collaborations that could help it achieve its lofty aims, including Perion DAO, Avocado Guild, YGG Sea, and Path DAO.
Having recently completed large funding round, the project appears well-positioned to make a splash in crypto’s hottest and fastest-growing space.
