Super Smash Bros for NFTs Wins Investment From VC Heavy Hitters

Source : coinquora.com

Galaxy Fight Club, a cross-IP NFT game built on Polygon, is celebrating after welcoming $7m of investment in its latest seed and private sale.

The multiplayer online battle arena (MOBA) game, which last year sold almost $10m worth of native NFTs, attracted a slew of high-profile backers and partners in a round led by Animoca Brands, Sequoia Capital and Skyvision Capital. Among those to invest were The Chernin Group, YGG SEA, Spartan Capital, Sfermion, PKO Investments, Infinity Ventures Crypto, Huobi Innovation Labs, Kucoin Labs, Rarestone Capital, and Formless Capital.

In all, over two dozen parties – comprising hedge funds and angel investors – committed capital to the venture, including Kevin Lin of Twitch, Kun Gao of Crunchyroll, and Matt Finick of ROBLOX and Marvel Studios. It will now be down to Galaxy Fight Club to prove their money was well spent.

Breaking New Gamefi Ground

Described as the first cross-IP, cross-platform (PC + Mobile) PvP fighting game that enables holders of different NFT collections to leverage their tokens and compete with others,Galaxy Fight Club aims to become the “Super Smash Bros for the NFT ecosystem.”

By enabling different IPs from rival collections (BAYC, Cryptopunks and others) to interact with each other in a meaningful way, Galaxy Fight Club aims to usher in a new era for NFTs, one that is platform-agnostic and gives all players the chance to earn.

The close of the funding marks the culmination of an exciting phase for the project, which completed its Genesis Galaxy Fighter NFT mint last August, followed by a Genesis Gear collect mint in November. The closed beta was also released in November, with an open beta expected to follow before the end of March, 2022.

“At the moment, most play-to-earn games are still turn-based and not that enjoyable,” notes the game’s founder Ado. “Galaxy Fight Club is designed to be fun-to-play first, play-to-earn second. In the future, we see Galaxy Fight Club as that go-to planet for PvP experiences known for fighting, combat and excitement.”

Set in the year 2049, Galaxy Fight Club features several battle arenas including a cyberpunk-themed high-rise rooftop, with players competing to locate health packs and boosters and win rewards for overcoming other players. Fighters are equipped with weapons, and the overall strength of each fighter is determined by traits such as base race (25%), armour (25%) and weapon (50%). Other general characteristics unique to fighters play a role, too: for example, some characters have laser eyes, increasing their capacity to injure opponents.

Gameplay performance is yet another critical factor, meaning savvy players can overcome rarer and better-equipped opponents simply by dint of their ingenuity. “A gifted player controlling a 50 percentile fighter can beat a 80 percentile player,” explains Ado. “For us, there was never any sense in making a game where holders of rare NFTs could simply dominate the field.”

Game modes in Galaxy Fight Club include 3v3, tournaments, 1v1 and Battle Royales, with all but tournaments open to every category of player. As the premium mode, tournaments can only be enjoyed by teams made up of gamers that hold either a Genesis or second-generation Galaxy Fighter NFT. Those who missed out on the Genesis mint will be glad to know that Galaxy Fighters are busily trading on theOpensea marketplace.

Second-generation fighters, incidentally, are avatars that can be created by players through ‘training’ or ‘breeding’, which requires a 300 $GCOIN fee. The rarity of these particular NFTs depends on the weapons used to train them.

“Building off of the composability nature of major NFT projects, Galaxy Fight Club is creating new value for communities by presenting a fun way to leverage their favorite projects,” says TCG Partner Jarrod Dicker.

Having already made quite a splash with its Genesis mint and now the oversubscribed seed round, the GFC team isn’t resting on its laurels: a recruitment drive is well underway, with the goal of onboarding veterans from both the traditional gaming sector and the blockchain world. This year, land parcel NFTs will go under the hammer while staking and spectator wagering systems will come into effect. Whatever way you look at it, 2022 is set to be a huge year for the project as it continues riding the gamefi tsunami.

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