Gameplay Galaxy August 2024 Seed Funding Round

Gameplay Galaxy, a Web3 gaming platform, has raised $24 million in a seed funding round. The round was led by Blockchain Capital and Merit Circle. The funds will be directed towards the development of Gameplay Galaxy flagship title, Trial Xtreme, a mobile game series with over 300 million downloads. The game will introduce blockchain-based ownership of in-game assets like bikes and tokens earned through gameplay. This funding highlights the growing venture capital interest in Web3 gaming, especially following a resurgence in 2024.