Gameplay Galaxy raises $24M to build Web3 competitive ecosystem

Gameplay Galaxy announced today that it has raised $24 million in total for its seed round of funding, following a successful extension adding $11 million more to the round. Blockchain Capital and Merit Circle led the round. According to Gameplay Galaxy’s founders, it plans to use the funds to accelerate development on Trial Xtreme Freedom, its latest extreme sports title.

According to Gameplay Galaxy, it plans to use its new funding to build out its competitive Web3 esports ecosystem and facilitate broader adoption of Web3 by using “new player centric digital ownership utilization models.” These include track ownership in Trial Xtreme Freedom, which allows players to run their own events and tournaments, as well as bike ownership and token earning.