NFT Utility Platform Galaxis Secures $10M Ahead of Token Launch - NFTgators

Galaxis, an NFT utility platform assisting brands and creators with blockchain-based collectibles, has concluded a $10 million funding round from Chainlink, Ethereum Name Services (ENS), Taisu Ventures and Rarestone Capital, with ENS co-founder Nick Johnson also joining.

Galaxis Secures $10 Million Funding to Advance NFT Utility

Galaxis, an innovative NFT utility platform empowering brands and creators to launch blockchain-based collectibles, has successfully concluded a $10 million funding round. The investment was led by reputable industry giants, including Chainlink, Ethereum Name Services (ENS), Taisu Ventures, and Rarestone Capital. Notably, ENS co-founder Nick Johnson has also joined the Galaxis team.

In addition to the direct investments, the fundraising also encompassed proceeds from the sale of over 11,000 'Galaxis Engines,' highlighting the platform's significant revenue generation capabilities. This funding infusion comes ahead of Galaxis's anticipated token launch on Bybit later this month.

Galaxis's vision extends beyond the realm of digital art, aiming to harness NFTs' transformative potential across various industries. The platform aims to leverage the funding to expand the use cases of NFTs and foster wider adoption within the mainstream. Additionally, Galaxis has launched a $1 million Community Creator and Member Grant Program to stimulate engagement and growth within the platform.

One of Galaxis's key differentiators lies in its customizable membership cards that offer exclusive perks and access to unique experiences. Originally incubated by CoinMarketCap, the platform empowers creators and brands to design and mint digital collectibles, reward mechanisms, and other blockchain-based initiatives, eliminating the need for external intermediaries.

The grant program, valued at $1 million, will allocate $500,000 each to creator and community member grants over the next 12 months. Galaxis has previously collaborated with prominent figures, including boxing legend Mike Tyson, music icon DJ Steve Aoki, renowned actor Val Kilmer, and NBA star LaMelo Ball.

Commenting on the announcement, Andras Kristof, CEO and co-founder of Galaxis, emphasized the pivotal role that the platform's native GALAXIS token will play in powering the ecosystem. Known for pioneering the first Bitcoin ATM in Singapore, Kristof expressed his belief that Galaxis's post-hype NFT utility platform will drive the widespread adoption of Web3 across industries.

"We believe that NFTs will continue to play a pivotal role in the evolution of Web3 and beyond," stated Kristof. "Galaxis's mission is to provide the infrastructure and support that will unleash the full potential of this transformative technology."

To stay abreast of the latest advancements and announcements from Galaxis, interested parties are encouraged to subscribe to the platform's newsletter or follow its official social media channels on LinkedIn and Telegram.