Singapore-based Web3 platform Galaxis managed to attract the attention of investors before the token sale. Investors, including leading names such as Chainlink, Ethereum Name Services (ENS) and Rarestone Capital, announced that they invested $10 million in Galaxis. ENS co-founder Nick Johnson and Taisu Ventures also participated in the investment round.

In addition to this investment, Galaxis also increased its financing power with the profits it earned through the sale of more than 11,000 “Galaxis Engines”. The platform facilitates the ownership and trading of digital assets by helping creators and brands create NFT (non-fungible token) collections.

Galaxis also draws attention with the success it has achieved in the last two years. The platform has sold more than 225,000 NFTs by collaborating with names such as famous DJ Steve Aoki, actor Val Kilmer and NBA star LaMelo Ball. These sales generated revenue of 32,000 ETH (approximately $100 million). The company is now preparing for the “reaching the masses” phase by expanding the usage areas of NFTs.

Galaxis CEO and co-founder Andras Kristof said in a statement: “Our next step will be to see how our native GALAXIS token strengthens the ecosystem.” Kristof, who is also known as the entrepreneur who installed the first Bitcoin ATMs in Singapore, continued: “As a post-hype NFT usage platform, we believe that the use of this new technology will go beyond the hype and create real value for all sectors other than Web3. ”

Incubated by CoinMarketCap, Galaxis offers an innovative approach to the NFT space. Unlike traditional NFT platforms, the platform allows individuals or brands with communities to create engagement and reward mechanisms for their communities through NFTs without using any third-party tools. In this way, the platform has a built-in economy and allows users to increase the functionality of NFTs.

One of the factors behind Galaxis’ success is the platform’s “post-hype” approach. Sudden declines following rapid rises in the cryptocurrency market caused many NFT projects to lose value. Galaxis, on the other hand, aims to expand the usage areas of NFTs by adopting a long-term vision. This approach attracts the attention of investors and contributes to sustainability discussions in the NFT space.

The investment received by Galaxis before the token sale is an important development for the future of the NFT market. This investment shows once again that NFTs can go beyond digital collectibles and create value in areas such as the creative economy and community building. It is expected that Galaxis will sell tokens in the coming period and all details of the operation of the platform will be revealed. These developments could play a significant role in shaping the future of the NFT market.