Blockchain game Phantom Galaxies sells over 7,700 planets in private sale

Phantom Galaxies, an open-world mecha action role-playing game, has sold 7,734 in-game planets and asteroids for a total of US$19.3 million during an oversubscribed private sale, the game’s developers said on Tuesday.

The planets and asteroids were released in the form of non-fungible tokens and were the first major assets sold in the 3D science-fiction game. They would be owned by players and generate a regular stream of governance tokens for players.

The game is now in its alpha stage, with over 125,000 users actively playing and over 500,000 owners of the NFTs granting access to it. The NFTs have generated over 1,700 in Ethereum (ETH) trading volume on OpenSea, according to Hong Kong-based blockchain gaming powerhouse Animoca Brands and its Sydney-based subsidiary Blowfish Studios, which develops Phantom Galaxies. 

Three of the four episodes of the alpha version are available now, and early access to the beta launch is expected to occur in the third quarter of this year. 

In the game, players will pilot their Mechanized Starfighters that can function as fighter-style spaceships and transform into Mech robots for combat during their adventures in the universe. 

Owners will have full digital property rights over the planets and asteroids and will be able to monetize them by building structures, such as marketplaces and hangars, as well as choose their governance system. 

An upcoming public sale of the planets and asteroids has been scheduled following the close of its private sale. Two presales for the public will give select users the opportunity to purchase a Planet before the full public sale, Animoca Brands and Blowfish Studios said.

Presale A will be available to holders of a Hopeful NFT, which can be purchased on OpenSea. Presale B will be available to 7,500 users who own an Episode 2 Medal NFT, which can be attained by completing Episode 2 of the alpha stage and redeeming a Poster NFT. The Episode 2 Medal NFT can also be purchased on OpenSea, the companies said.