ChainCatcher reported 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. Founder and CEO Doron Kagan said that Gameplay Galaxy started raising seed round financing in May this year and ended last month. This round of financing was carried out in the form of equity financing and came with token warrants, bringing the company's valuation to $71 million.
According to the Rootdata platform, Gameplay Galaxy completed a $12.8 million seed round of financing in September 2022, and the company's total financing amount has reached $24 million.