Melaxy

Founded in 2022, Melaxy is a Singapore-based entertainment software company operating in the blockchain gaming sector. The firm is developing a massively multiplayer online role-playing game (MMORPG) set in a space exploration-themed metaverse. Melaxy's business model centers on the creation and sale of in-game assets, which are structured as non-fungible tokens (NFTs), allowing players to have verifiable ownership.

The company's primary product is a play-to-earn game that integrates decentralized finance (DeFi) and cryptocurrency staking mechanisms. The gameplay revolves around players exploring the galaxy, discovering planets, mining resources, and engaging in battles. Core assets within the game include spaceships and planets, which are issued as NFTs. For instance, the company released an initial series of 6,000 "Genesis Pass NFTs," which granted early adopters access to unique spaceship or planet NFTs. Planet owners can develop their digital real estate, creating unique civilizations and even renting out land slots to other players, thereby generating rewards.

Melaxy employs a dual-token economic system to manage its in-game economy and governance. The MYT (Melaxy Token) serves as the primary currency for daily transactions and consumption within the game. A second token, IFS (Infinity Stone), functions as a governance token, enabling holders to vote on key game development decisions and share in potential profits. The game is built on Layer Zero's omnichain protocol, positioning it as an interoperable GameFi project. In November 2022, the company secured early-stage venture capital from investors including Taisu Ventures, Digital Finance Group, Jsquare, MetaStone Group, and YBB.

Keywords: blockchain gaming, play-to-earn, NFT, metaverse, space exploration game, GameFi, decentralized finance, crypto gaming, MMORPG, virtual assets, digital economy, Layer Zero, omnichain, MYT token, IFS token, virtual real estate, Taisu Ventures, Digital Finance Group, Jsquare, MetaStone Group, YBB