Singapore-based cryptocurrency platform Galaxis has raised $10 million from prominent funders and global crypto and tech firms.
According to its Tuesday press release, participants in the round include Chainlink, Rarestone Capital, Ethereum Name Services (ENS), ENS co-founder Nick Johnson, and Taisu Ventures. Other partners include renowned cryptocurrency visionary JohnnyZcash and KapotheGoat01, who will be coming in as strategic partners and advocates for new and emerging solutions, the firm announced via a post on X.
In addition to the investment from the venture capitalists and round participants, profits from the firm’s node sale of over 11,000 ‘Galaxis Engines’ also contributed to the overall funding.
Galaxis, which offers brands and creators the chance to collect NFT collections and earn rewards, has in the past partnered with several celebrities, such as actor Val Kilmer, DJ Steve Aoki, renowned boxer Mike Tyson, and NBA star LaMelo Ball.
The firm has sold over 225,000 NFTs in the past few years, grossing more than $32,000 ETH, valued at about $100,000 million, in secondary NFT sales, and is currently preparing for the long-awaited ‘mass distribution’.
According to its statement, the company plans to launch its native token on Bybit in phases, the first of which will be an Initial Dex Offering (IDO). The press release also cited Galaxis CEO Andras Kristof, who expressed his enthusiasm for the $1 million creator and community grants, emphasizing that the company’s mission has always been to empower and support content creators.
He went on to say that this initiative demonstrates the company’s dedication because it provides both empowerment and the infrastructure required for success. Kristof also reportedly stated his belief that the use of this novel technology will transcend Web3 hype and provide real value in all verticals.
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