Galaxy Interactive is a venture fund focused on gaming, interactive entertainment, and the technologies that connect them – including blockchain-based games and digital ownership. It operates as a dedicated investment arm within the broader Galaxy Digital ecosystem, the crypto financial services firm founded by Mike Novogratz. Galaxy Interactive targets companies at the intersection of games, media, and emerging digital economies.
The fund was established around 2019 and is headquartered in New York, United States. Galaxy Interactive raised its first dedicated fund – Galaxy Interactive Fund I – reported at approximately $325 million, making it one of the larger early vehicles focused specifically on gaming and interactive media within the crypto-adjacent venture space. A second fund was subsequently raised, though exact figures have not been publicly confirmed by the firm.
The investment thesis centers on the idea that games are becoming the dominant medium for social interaction, entertainment, and, increasingly, digital asset ownership. Galaxy Interactive backs companies building game infrastructure, consumer gaming studios, esports platforms, and the tooling that enables player-owned economies.
Notable investments
- Mythical Games – a blockchain game studio behind Blankos Block Party and NFL Rivals, focused on player-owned item economies
- Sky Mavis – the Vietnamese studio behind Axie Infinity, one of the first large-scale play-to-earn games, which reached peak revenues exceeding $1 billion in 2021
- Forte – a blockchain gaming platform that provides infrastructure for game developers to integrate token economies
- Immutable – an Ethereum Layer 2 network purpose-built for NFT gaming and digital asset trading
- Yield Guild Games – a decentralized gaming guild that pools NFT assets and distributes them to players in developing economies
- Animoca Brands – a Hong Kong-based gaming conglomerate with a large portfolio of blockchain game investments and the Sandbox metaverse
- double jump.tokyo – a Japanese blockchain gaming company building infrastructure for Web3 game studios in Asia
Public information about specific deal sizes for individual investments is limited. Galaxy Interactive has not disclosed per-investment amounts in public filings.
Team
Richard Kim serves as a managing partner of Galaxy Interactive. He previously held roles in venture capital focused on gaming and consumer technology before joining Galaxy Digital. Jason Yee has also been named as a key figure in the fund's formation and early deal sourcing. Detailed professional backgrounds for both are not fully disclosed in public sources. The team draws on Galaxy Digital's broader network of analysts and sector specialists across digital assets and capital markets.
Recent activity
Galaxy Interactive has maintained an active presence in blockchain gaming deal flow through 2023 and into 2024, though the gaming token sector experienced significant valuation compression after the 2021–2022 peak. Sky Mavis, one of the fund's highest-profile bets, suffered a $625 million exploit of the Ronin bridge in March 2022 – the largest crypto hack at the time – which badly damaged Axie Infinity's user numbers and token price. The recovery has been partial. Mythical Games and Immutable have continued building, with Immutable securing deals with major traditional game publishers including Ubisoft and GameStop for NFT integrations.
Galaxy Digital itself went through significant restructuring in 2022–2023 following the collapse of FTX and broader crypto market stress, which affected sentiment around all Galaxy-affiliated vehicles. Public information about Galaxy Interactive's deployment pace since 2023 is limited.
Looking ahead, the fund is positioned to benefit if blockchain gaming finds genuine mass-market adoption – a thesis that remains unproven at scale but has attracted continued developer activity. The portfolio's concentration in early-stage gaming infrastructure means the outlook depends heavily on whether player-owned economies become mainstream or remain a niche within the broader gaming industry. Investors tracking this space can follow updates through Galaxy Interactive's Crunchbase profile and Galaxy Digital's research publications.
