Galactic Entertainment

Galactic Entertainment, founded in 2021 and headquartered in Dubai, is a developer of decentralized, multiverse games operating at the intersection of cinematic storytelling and blockchain technology. The company was established by Loren Roosendaal and Jon McCoy. Roosendaal, a Netherlands native, began building and modding video games at age 11 and co-founded his first US-based game studio at 20. His career combines experience in the video game and movie industries with building award-winning tech startups, focusing on using entertainment technology to solve real-world problems. McCoy serves as the Chief Creative Officer, bringing his experience from working on major Hollywood franchises like Star Wars, Blade Runner, and Marvel films.

The company's business model centers on the "Play-to-Own" concept, an evolution of the free-to-play model that allows players to have true ownership of in-game assets through blockchain. This approach aims to create a sustainable and player-centric ecosystem, contrasting with the high advertising expenditures of traditional free-to-play games. Revenue is generated as players acquire and trade digital assets, which range from in-game items to entire planets, all recorded as NFTs on the blockchain. The firm operates as a venture capital-backed entity and has received investments from firms like Immutable X, Double Peak, and BBS Finance.

Galactic Entertainment's flagship project is PlanetQuest, a sci-fi cinematic multiverse game. In this tactical exploration and survival game, players venture across procedurally generated planets to find rare resources, fend off alien wildlife, and discover artifacts. The game is built on the Immutable X platform, a Layer 2 scaling solution for Ethereum, which facilitates gas-free and carbon-neutral NFT transactions. PlanetQuest uniquely features a decentralized storyline where the community of players can vote on narrative decisions, directly influencing the evolution of the universe's lore, which is also being developed into books and comics. Players can engage in cooperative (PvE) or competitive (PvP) modes, and while the game is free-to-play, owning a planet NFT unlocks the full game experience. The in-game economy is powered by the ERC-20 token Quantum ($PQX), which players earn and use for trading.

Expanding its ecosystem, the company launched Galactic Entertainment Publishing, a division co-founded by Roosendaal and Mark Meyers, the former Head of Disney's AAA Studios. This publishing arm aims to elevate Web3 gaming to AAA standards. The group has also established a venture capital fund, Galactic Capital, to invest in new experiences, although public information on its specific investments is limited. Keywords: Galactic Entertainment, PlanetQuest, Loren Roosendaal, Jon McCoy, Mark Meyers, Play-to-Own, blockchain gaming, Web3, NFT, cinematic multiverse, Immutable X, decentralized storyline, P2E, game development, crypto gaming, AAA games, Galactic Entertainment Publishing, Galactic Capital, $PQX, Quantum token