Home » Galactic Entertainment set to become largest regional player in the metaverse

Galactic Entertainment set to become largest regional player in the metaverse

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  • PlanetQuest has become a global hit, with over 200,000 community members participating in the first season of its decentralized storyline to vote on the fate of the universe.
  • During PlanetQuest’s first planetary sale, over 10,000 fans wrote motivational letters totaling over $60 million to purchase the planet.

Dubai, United Arab Emirates: galactic entertainmentis an entertainment studio headquartered in the United Arab Emirates that is transforming the entertainment industry by using blockchain technology to create innovative, immersive and disruptive experiences. Backed by global investors such as Kingsway Capital and Immutable X, Galactic Entertainment is poised to become the biggest player in the Middle East gaming industry with its highly anticipated debut project. planet quest.

Founder and Chairman Loren Roosendaal is a serial entrepreneur who started developing games at the age of 11 and has seen millions play them by the time he graduates from high school. Prior to founding Galactic Entertainment, he also founded Bright Star Studios He currently shares the CEO role with co-founder Mark Laursen.Lauren became a pioneer in conducting Community-friendly sales, witnessed more than $260 million in pledges through two successful application-based sales. Among other things, these notable achievements have led him, along with figures such as Alexander Leonard Larsen (co-founder of Sky Mavis, the studio behind Axie Infinity) and Sebastien Borghetto (co-founder), to develop blockchain gaming. He is recognized as one of the movement’s founders. Founder of Sandbox).

The vision behind Galactic Entertainment’s PlanetQuest is clear. It’s about building the first cinematic multiverse with a vibrant community that’s been on board with the idea since the beginning. Community members and fans will have access to the incredible work of renowned authors, video game developers and artists who have worked on IP from Marvel and Star Wars to Game of Thrones and are now laying the groundwork for PlanetQuest. With hundreds of thousands of fans joining his PlanetQuest community in just a few months, this approach has already proven successful.

As part of the community, fans will participate in votes that could determine the fate of the universe in already-fictionalized episodic storylines, and, perhaps just as excitingly, choose entire planets and in-game items to play with. You are given the opportunity to own one. It will play an important role in the upcoming PlanetQuest video game. The reaction to this as the first planet sale saw fans submit over 10,000 applications pledging to spend more than $60 million total on the planet in just a few weeks has proven to be overwhelming. This gave the audience and commentators a glimpse of his PlanetQuest’s long-term potential, with just over 1,000 planets available for sale, an oversubscription of about 60-to-1.

Loren Roosendaal, Founder and Chairman of Galactic Entertainment, said: “We are excited to establish our headquarters here in the UAE as the gaming and esports sector grows in the Middle East. I’m getting more and more interested.[1]Saudi Arabia is also a major market, with 70% of KSA’s population under the age of 30 and around 20 million gamers in the country.[2]Both markets have contributed significantly to the growth of the gaming space in the region.

As gamers ourselves, we’re excited to build a whole new generation of entertainment experiences for both local and global audiences. Galactic Entertainment is a pioneer in games and stories that not only allow fans to participate in important decisions, but also give them the opportunity to own a piece of this multiverse. After all, which Star Wars fan could say that their vote helped determine the plot of a Star Wars movie? This is exactly the perfect opportunity to offer early PlanetQuest fans today. “

Following current progress, Galactic Entertainment plans to expand its product offering by developing additional multiverses and will explore collaboration with Galactic Entertainment in addition to continuing to expand its own IP It suggests that they are also in talks with large external IP owners who are It brings you different worlds, from books and movies to the Metaverse. With PlanetQuest’s books, comics, and video games already out, and series and movies likely to be the future, fans of Galactic Entertainment’s first Multiverse are certainly looking forward to it.

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About Galactic Entertainment:

Galactic Entertainment is a UAE-based entertainment studio committed to transforming the entertainment industry by creating innovative, immersive and disruptive experiences using blockchain technology. With the belief that community-driven decision-making and ownership will become the new norm in global entertainment, the company is encrusting stars with famous names such as Marvel, Star Wars and Game of Thrones to bring this vision to life. We have collected the development roster that was published. His debut project, PlanetQuest, aims to create a cinematic multiverse from scratch, offering a diverse range of products including video games, decentralized stories, books and graphic novels. The game leverages blockchain technology to give gamers complete freedom to own and trade in-game assets, bringing digital property rights to video games and is expected to dramatically change the gaming landscape. I’m here.

Contact for all media:
Bianca Riley | Aaron Iratu | Karim Giada | Ginan Hammer | Dushane Solomon
Aterine
galactic@atteline.com


[1] https://www.statista.com/outlook/dmo/digital-media/video-games/united-arab-emirates

[2] https://www.mordointelligence.com/industry-reports/middle-east-gaming-market

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