Stock Groups

Super Smash Bros for NFTs Wins Investment From VC Heavy Hitters -Breaking

[ad_1]

Super Smash Bros wins investment from VC Heavy Hitters

Galaxy Fight Club (a cross-IP NFT gaming platform built on Polygon) is celebrating $7m investment.

The MOBA (multiplayer online battle arena) was a hit and sold over $10m of native NFTs in its first year. A round that included Sequoia Capital, Skyvision Capital and Animoca Brands attracted a number high-profile partners and backers. The Chernin Group and Spartan Capital were among those who invested.

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. Galaxy Fight Club will be proving that their investment was worthwhile.

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.”

Galaxy Fight Club is a platform-agnostic NFT that allows players to make money by allowing different IPs to connect with each other.

This funding close marks an important phase of the project. It has completed the Genesis Galaxy Fighter NFT mint last august, and a Genesis Gear collector mint in November. A closed beta of the project was also made available in November. The open beta will be released before the end 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.”

Galaxy Fight Club is set in 2049. It features many battle arenas, including one on a high-rise roof with cyberpunk themes. Players compete to find health boosters or boosts, and get rewards for defeating other players. The overall strength of fighters is determined by their base race, armour and weapon. A fighter may also possess other characteristics that are unique, like laser eyes which increase the ability of their characters to injure enemies.

The gameplay ability is another important aspect. It means that skilled players can defeat better-equipped and rarer opponents just by 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.”

Galaxy Fight Club offers a variety of game modes, including 3v3, tournaments and 1v1 battle royales. All but the tournaments are open to all players. The premium mode of tournaments is only available to teams that have either a Genesis Galaxy Fighter NFT (or second-generation Galaxy Fighter NFT). Galaxy Fighters can be traded on the Opensea market for those who have missed the Genesis mint.

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

“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. The sale of land parcel NFTs and the introduction of spectator betting systems, as well as stakes, will take place this year. No matter what your perspective, 2022 promises to be a big year for the project. It continues the ride of the gamefi-tsunami.

Continue reading on CoinQuora

[ad_2]