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Galaxis Raises $10M, Doubling Down on Belief That NFTs Will Provide Real Value Everywhere

May 6, 2024
    Galaxis, a “post-hype NFT utility platform,” has raised $10 million ahead of its token launch.Participants included Chainlink, Ethereum Name Services (ENS) and Rarestone Capital.
As a researcher with a background in blockchain technology and experience in the NFT space, I’m excited to see Galaxis, a Singapore-based Web3 platform, announce that it has raised $10 million from reputable investors such as Chainlink, Ethereum Name Services (ENS), Rarestone Capital, Taisu Ventures, and ENS co-founder Nick Johnson. This funding comes ahead of their token launch, which is a significant milestone for the company.As I prepare for the upcoming token launch, Galaxis – a Web3 platform based in Singapore – revealed on Tuesday that we’ve secured $10 million in funding from esteemed investors such as Chainlink, Ethereum Name Service (ENS), Rarestone Capital, Taisu Ventures, and ENS co-founder Nick Johnson.

As a researcher studying the financial aspects of the company, I can share that the significant revenue generated from the sale of over 11,000 “Galaxis Engines” further bolstered our overall funding.

As a crypto investor, I’ve come across this platform that facilitates the creation and sale of non-fungible tokens (NFTs) for artists and brands. Notable personalities like DJ Steve Aoki, actor Val Kilmer, and NBA sensation LaMelo Ball have collaborated with them. Over the past few years, they’ve successfully sold over 225,000 NFTs, resulting in secondary market sales worth approximately 32,000 ETH ($100 million). Now, they’re gearing up for a large-scale distribution phase.

CEO and co-founder Andras Kristof expressed, “The next phase involves leveraging our indigenous GALAXIS token to amplify our ecosystem.” Additionally, as a post-hype NFT platform, he emphasized, “We are convinced that the implementation of this innovative technology will transcend the hype and bring tangible benefits to various industries beyond Web3.”

Through the nurturing of CoinMarketCap, Galaxis empowers individuals and brands with a following to develop interactive and incentive systems for their communities via NFTs, eliminating the necessity of external engagement platforms as it incorporates an integrated economy.

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2024-05-07 14:49