Galaxy Interactive, a division of Galaxy Digital, continues with its rush of investments in startups. Their investment strategy seems to be heavily directed toward gaming studios/companies as they have a certain intrigue in what is known as the ‘metaverse’ – a universe of interconnected virtual worlds.
In our roundup of all Galaxy Digital investments made in Q1 2020, they also made an investment in a company called Go Meta, otherwise known as Metaverse. In their latest investment, the ‘metaverse’ is once again referenced.
Through our partnership with Block.one via the Galaxy EOS VC Fund, we’ve been focused on enabling the next wave of interactive entertainment by making investments in cloud-native content and infrastructure such as blockchain that we believe will ultimately lay the foundation for the metaverse.Sam Englebardt (Managing Partner at Galaxy Interactive)
Playable Worlds recently announced a $10 million Series A funding round led by Galaxy Interactive, through the Galaxy EOS VC Fund. Playable Worlds is building a cloud-based sandbox massively multiplayer online (MMO) game that offers new kinds of gameplay and game experiences in worlds that feel more real and immersive than with previous technologies.
The funds will enable the company to hire a capable team to help build a game that lasts by reinforcing best practices for persistence, engagement, and retention. Their cloud technology will deliver richer simulations, more regular content releases, and stronger communities.
Raph’s vision and demonstrated ability to give players a compelling sandbox for the expression of their digital identities…There are few that know the MMO space like Raph and we’re thrilled to be backing him and his exceptional team.Sam Englebardt (Managing Partner at Galaxy Interactive)
The Playable Worlds CEO, Raph Koster, also has an interest in helping build the ‘metaverse’ and believes the best way to achieve that is to first build a great entertainment experience and then take it from there. Utilizing their proven custom technology, he believes it will allow them to deliver games-as-a-service and online game operation that’s better than current standards.
With experience designing popular MMO games such as Ultima Online, as well as directing the Star Wars Galaxies game, Raph seems more than capable to lead his team to global success. The team is now moving into production on their innovative lead title and original IP.
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