Galaxis, a Singapore-based Web3 platform, revealed on Tuesday that it has received $10 million from investors, including Chainlink, Ethereum Name Services (ENS), Rarestone Capital, Taisu Ventures, and co-founder Nick Johnson of ENS, in preparation for the token launch.The entire investment was also aided by profits from the company’s node sale of over 11,000 “Galaxis Engines.”DJ Steve Aoki, actor Val Kilmer, and NBA personality LaMelo Ball are just a few of the celebrities that the platform has collaborated with. It assists creators and brands in introducing collections of non-fungible tokens (NFTs).With over 225,000 NFTs sold over the past several years, the company has made over 32,000 ETH ($100 million) from secondary NFT sales. It is currently getting ready for “mass distribution,” according to the corporation.
“The next step is to see the use of our native GALAXIS token supercharge the ecosystem,” said CEO and co-founder Andras Kristof, who also installed the first bitcoin ATMs in Singapore. He also said that as a post-hype NFT utility platform, “we believe the use of this new technology will go beyond the hype” and be of real value to all industries beyond Web3.
With an integrated economy and no need for any external engagement tools, Galaxis, developed by CoinMarketCap, enables people or companies with a community to establish engagement and reward systems for their communities through NFTs.