Quick Take:
- The mobile-first ‘Petaverse’ game Dogami said Tuesday it secured $6 million in funding
- The funding round was led by Ubisoft, Animoca Brands and Sandbox Co-founders.
- Dogami is the first mass-market NFT play-to-earn game, allowing players to adopt, raise and earn with a unique Dogami puppy.
‘Petaverse’ mobile-first blockchain game, Dogami on Tuesday said it received $6 million in a funding round led by Ubisoft, Animoca Brands and Sandbox Co-founders. The company is building a blockchain game that will enable players to adopt a unique puppy, raise it and earn.
Dogami is the first mass-market NFT play-to-earn game. It is built on the energy-efficient blockchain technology Tezos, helping to reduce its NFT carbon footprint. The game allows players to trade and accumulate NFTs at low gas fees, whilst also ensuring the security of their hard-earned assets across multiple devices.
The game has been gaining traction attracting key figures from the blockchain market. In the pre-seed funding round, the Ubisoft, Animoca and Sandbox Co-Founders were joined by XAnge, Blockchain Founder Fund, Ghaf Capital, and Draper Goren Holm.
This indicates a significant nod of approval from the industry, thus validating Dogami’s approach to the play-to-earn blockchain gaming market.
Commending Dogami’s gaming project, Lab Nicolas Pouard, Ubisoft VP, Innovation, said “At Ubisoft, we believe that blockchain holds a key to the future of the videogame industry, bringing new possibilities for players and developers alike. We think DOGAMÍ shares this vision and contributes to the opening of blockchain gaming to mainstream players.”
The Dogami brings together two key aspects of blockchain gaming, AAA NFT gaming and investing, combined with its unique approach dubbed, pet ownership 3.0, a recognition of the growing popularity of Web 3.0 projects.
The runs on the most energy-efficient ecosystem, the Tezos blockchain. In the Petaverse, players can adopt 3D puppies, which they can raise, earning $DOGA tokens, the utility NFT for in-game items. It can be traded both on centralized and decentralized exchanges on the secondary market.
Dogami’s uniqueness has helped it to become the top play-to-earn gaming project on the Tezos ecosystem. It also has an augmented reality mobile app allowing players to interact with each other and their pets. The peterverse has over 300 dog breeds, all with unique traits, helping players gain different experiences.
Commenting on the importance of the funding round, Dogami CEO and Co-Founder, Maximilian Stoeckl said, “the early support of world-class investors as well as advanced negotiations with strong commercial partners are highly reassuring and encourage us in our beliefs.”
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