galaxy interactive – RE3W.IO

Yield Guild Games Raised $13.8 Million In Funding Round Led By a16z Crypto and DWF Labs

admin — Mon, 06 Mar 2023 00:49:36 +0000

Yield Guild Games (YGG) has generated US$13.8 million in a token purchase from the YGG treasury led by DWF Labs along with the participation of a16z Crypto, Galaxy Interactive, Sangha Capital Fund, Sanctor Capital, and David Lee to support the guild’s decentralization initiatives. YGG was co-founded by Beryl Chavez Li and Gabby Dizon. Yield Guild Games will appaarently be using the funds to accelerate the development of its soulbound reputation token (SBT). The SBT tokens were test-launched last year but were only offered as rewards for in-game activities.

SBT tokens are permanently linked to a person’s wallet, making them non-transferable. The company plans to place the tokens directly into games. YGG will reward creators with SBT tokens for completing selected tasks or quests. The company is launching a revamped version of its web app in March 2023, with the Soul token expected to play a big role in the guild’s ecosystem platform.

VR Developer ForeVR Announced Additional $10M In Series A Funding Round Led By Lobby Capital

admin — Fri, 04 Nov 2022 02:31:41 +0000

VR developer ForeVR announces another $10 million in Series A funding led by Lobby Capital. Returning investors included Bessemer Venture Partners and Galaxy Interactive, among others. Including this latest funding, ForeVR has now raised $18.5 million since launching in July 2020.

ForeVR has a couple of releases already in the VR world. Their titles ForeVR Bowl and ForeVR Darts have sold in the Meta Quest ecosystem. And the latest funding announcement comes after the September launch of ForeVR Cornhole, the company’s third game.

Marcus Segal is CEO and co-founder of ForeVR is a well-known game developer who wants to bring the most popular IRL games to Virtual Reality. Segal co-founded the company with Michael Pagano Doom to translate the most popular real-life games into compelling multiplayer social experiences in VR.

Marcus Segal, CEO and co-founder of ForeVR Games, stated: “At Zynga, we proved that 2D social games like Words with Friends and Farmville had the power to build massive audiences by bringing people together in play. Marrying what we learned at Zynga with the visual richness of VR will allow us to take social gaming to the next level. Our new funding validates our work thus far and our vision for creating a new ‘Wii Sports of VR’ that brings every one of ages together in hyper-realistic, immersive worlds.”

Led By Anthos Capital, Delysium Has Closed $10M Funding Round

admin — Wed, 19 Oct 2022 16:40:13 +0000

Immutable X recently announced another web3 gaming partnership, this time with Delysium – a cyberpunk style, open-world, MMORPG, and UGC. There was a 2k limited edition NFT sale with Unix Gaming that occurred on September 24th.

Delysium raised $4 million led by Galaxy Interactive earlier this year. With participation from Republic Crypto, Alameda Research, Anthos Capital, Eureka Meta Capital, Y2Z Ventures, Tess Ventures, Zonff Partners, Infinity Ventures Crypto, Lucid Blue Ventures, Unix Gaming, Ancient8, PathDAO, YGG SEA, Mask Network, Smarti Labs, and Metasense DAO.

Delysium is described as a “real open-world, vividly AI-powered and completely player-owned MMO game that supports players in creating various personalized physical assets, narrative assets together with native AI MetaBeings.” Players can earn loot boxes (tokens, NFTs, game resources, etc.) by joining various game modes, and sell them in the marketplace or consume to upgrade the character/weapon/clothing with higher numerical values in PVE modes or to craft buildings as well as create weapon/cyber bodies with skins by themselves, etc.

Delysium has now announced its $10 million strategic funding round led by LA-based VC Anthos Capital with participation from Immutable, GSR, Blockchain Coinvestors, Leonis Capital, Antalpha Ventures (Bitmain’s venture arm), Perion, and Formless Capital.

FreshCut Raised $15M In Funding Led By Galaxy Interactive

admin — Mon, 10 Oct 2022 18:20:43 +0000

FreshCut describes itself as a short-form gaming content ecosystem. In May of this year, the company announced it and its ecosystem partners had collectively raised $15 million in funding. The raises were led by Galaxy Interactive, Animoca Brands, and Republic Crypto with participation from Hashed, SkyVision Capital, Tamarack Global, C2X, and Polygon.

FreshCut is focused on bridging gaming and web3 with a community-focused content platform that will enable creators to publish high-quality, short-form content for fans. By leveraging web3 principles and technologies, FreshCut is trying to create a new user experience that allows the entire community, both fans, and creators, to be rewarded for their participation and to influence the trajectory of the platform.

Creators can “create and earn” the native FreshCut community token for uploading their content. Similarly, gaming fans can “engage and earn” with the latest clips from their favorite creators to earn tokens, just the beginning of many ways in which the token will be integrated into the FreshCut ecosystem.

FreshCut is working with creators to enable a superior curated content experience for fans of gaming and esports content. Fans can expect to find top content from premier games such as Super Smash Bros, Warzone, League of Legends, Street Fighter, and Valorant. FreshCut is also partnering with new and upcoming web3 games and content creators like Brycent, Chief Pat, and Mystic7.

Immutable X Has announced Web3 Gaming Partnership With Delysium For Upcoming NFT Sale

admin — Wed, 14 Sep 2022 20:35:42 +0000

Immutable X just announced another web3 gaming partnership, this time with Delysium – a cyberpunk style, open-world, MMORPG, and UGC. There is a 2k limited edition NFT sale with Unix Gaming on September 24th at 12 am PDT.

Delysium raised $4 million led by Galaxy Interactive earlier this year. With participation from Republic Crypto, and Alameda Research, with Anthos Capital, Eureka Meta Capital, Y2Z Ventures, Tess Ventures, Zonff Partners, Infinity Ventures Crypto, Lucid Blue Ventures, Unix Gaming, Ancient8, PathDAO, YGG SEA, Mask Network, Smarti Labs, and Metasense DAO. The funding went towards supporting the web3 game production and ecosystem, at the same time.

Players can earn loot boxes (tokens, NFTs, game resources, etc.) by joining various game modes, and sell them in the marketplace or consume to upgrade the character/weapon/clothing with higher numerical values in PVE modes or to craft buildings as well as create weapon/cyberbodies with skins by themselves, etc.

Led By Galaxy Interactive, MetaverseGo Announced $4.2 Million Seed Funding Round

admin — Thu, 25 Aug 2022 18:28:00 +0000

Mobile gaming platform MetaverseGo recently announced a $4.2 million seed funding round led by Galaxy Interactive. The round also saw participation from Delphi Digital, Dragonfly Capital, Mechanism Capital, Infinity Ventures Crypto, Shima Capital, Com2uS, Akatsuki, Ascensive Assets, BitScale Capital, Yield Guild Games (YGG), BreederDAO, Mentha Partners, and Emfarsis.

The British Virgin Islands-based company launched in March 2022, with the bulk of its staff operating out of the play-to-earn hotspot in the Philippines. According to the company, MetaverseGo received an initial valuation of $40 million. The new capital will apparently be used for software development, securing partnerships with telecommunication providers, and strategic hires.

MetaverseGo allows users to sign up and start playing games, like the popular Axie Infinity, using just a cell phone number. It then sets up the players’ wallets and grants them access to digital assets owned by gaming guilds such as YGG. The aim is to provide fast and easy access to play-and-earn games for users new to the space. With the ability to access multiple play-to-earn games in four simple steps.