PANews reported on August 28 that according to The Block, Web3 game development studio Gameplay Galaxy raised $11.17 million in the latest seed round of extended financing, led by Blockchain Capital and Merit Circle, with other investors participating anonymously. This round of financing brings the company's valuation to $71 million. Gameplay Galaxy was founded in 2022 by the founding team of the Trial Xtreme series, and plans to transform its successful extreme sports game brand into a Web3 ecosystem. The studio is currently developing its first Web3 game, Trial Xtreme Freedom, and plans to officially release it in the first quarter of next year, while issuing game tokens.