
Galaxy Blitz
A Play-To-Earn strategy NFT game where you lead the descendants of humanity to forge a new empire.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor | €0.0 | round |
* | $10.0m | Early VC | |
Total Funding | 000k |
USD | 2023 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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Galaxy Blitz operates within the blockchain gaming sector, specifically focusing on the Play-to-Earn (P2E) strategy game market. Founded in 2021 by Allen Xie, Clement Clement, Diana Zhu, Gavin Fang, and Clement C, the company is headquartered in Helsinki, Finland. The founding team possesses a diverse background; Diana Zhu, a graduate of Vaasa University, brings marketing and business development expertise, while Clement, from the American Business School of Paris, has experience from Huawei and has been involved in the blockchain industry since 2017. Allen Xie, with a computer science degree from KTH Royal Institute of Technology, leads the programming with over a decade in the game industry.
The company's primary offering is a mobile-first, sci-fi strategy game built on the BNB Chain. It has secured $10 million in funding over two rounds, with its initial funding round on January 27, 2022, and a subsequent ICO on March 23, 2022. Investors include Amplio Ventures, Bybit, and Gate.io. The business model centers on a P2E structure where players can earn real-world value through gameplay. Revenue is generated through the in-game economy, where players use the primary utility token, MIT, to purchase in-game assets. These assets include resources, which are BEP20 tokens, and structures or units like starships and heroes, which are structured as NFTs (ERC721). This allows for a player-driven marketplace where these items can be traded.
Galaxy Blitz's gameplay involves base building, resource management, and strategic combat against other players (PvP) and computer-controlled enemies (PvE). Players choose from one of four factions—Talus, Sourage, Centra, and Aldari—each with distinct attributes, units, and abilities. The core loop requires players to build and defend their base, produce resources and NFT items, and attack other players' bases to loot their resources. Winning battles rewards players with resources and MIT tokens. The game features both land and space combat, with players controlling NFT heroes and unique starships. The company has also stated plans to incorporate augmented reality (AR) and virtual reality (VR) technologies to enhance the player experience.
Keywords: blockchain gaming, Play-to-Earn, NFT game, strategy game, BNB Chain, mobile gaming, crypto game, MIT token, metaverse, P2E, GameFi, sci-fi game, base building game, PvP combat, player-driven economy, virtual assets, digital collectibles, AR gaming, VR gaming, decentralized gaming