Gamefi has been the talk of the town in crypto for a while now, and growing institutional interest suggests there’s plenty of race left to run. Whether it’s Gemini raising $400m to facilitate access to the metaverse, or the Tron Foundation launching a $300m gamefi fund, an apparently endless river of capital is flowing into the space and nourishing the impression that very soon, we’ll all be donning VR headsets and devoting our free time to exploring, interacting and earning in immersive virtual reality worlds. The latest venture to welcome a seven-figure investment is Galaxy Fight Club, a MOBA game built on the Polygon blockchain. In its latest seed and private sale, the cross-IP game raised $7 million in a round led by Animoca Brands, Sequoia Capital and Skyvision Capital, having won investment from The Chernin Group, YGG SEA, Spartan Capital, Sfermion, PKO Investments, Infinity Ventures Crypto, Rarestone Capital and many others. Galaxy Wars Commence Distinct from many of its battle-based competitors, the project seeks to emulate Nintendo’s Super Smash Bros franchise by providing a stage where players from around the world can bring their own NFTs (Cryptopunks, BAYC, etc) to the party and fight to earn rewards. By giving NFT owners from different communities an opportunity to use their weird and wonderful assets on an interoperable platform, Galaxy Fight Club seeks to create a sustainable ecosystem that challenges the curren...
