Quick take:
- DOGAMÍ completes its $14 million seed round with the $7 million seed extension.
- Players of the DOGAMÍ mobile game will be rewarded with the native $DOGA cryptocurrency.
- This fundraising will enable DOGAMÍ to expand its range of Web3 games for mainstream audiences.
DOGAMÍ, the first Web3 game for NFT pet companions, today announced that it has completed its $14 million seed round with a $7 million seed extension.
Participants in the seed extension comprised mostly of non-crypto-focused investors such as Berlin and Paris-based VC firm XAnge, French public investment bank Bpifrance and Wagram Capital. Singapore-based Blockchain Founders Fund joined the extension round.
This fundraising will enable DOGAMÍ to expand its range of Web3 games for mainstream audiences.
In January 2022, DOGAMÍ raised the initial $6M from industry leaders such as Ubisoft, Animoca Brands, The Sandbox co-founders, Draper Goren Holm, Tezos, GSR and other strategic investors.
With the initial investment, DOGAMÍ launched and sold 12,000 NFTs dog avatars and partnered with apparel brand, GAP, to sell 12,000 NFTs of canine accessories. DOGAMÍ’s community consists of over 200,000 members from over 80 countries known as “Dogamers.”
Co-Founded in mid-2021 by Max Stöckl, Adrien Magdelaine, Kristofer D. Penseyres and Bilal El Alamy, DOGAMÍ is supported by a team of 40 employees including Art Director Gregory Magadoux, previously from Ubisoft.
“We are excited to be developing an original intellectual property that blends world-building, unique environments, and authentic characters to create a truly immersive experience. Our brand, born in Web3, will deliver media experiences through NFTs, allowing audiences to connect with our world in new and exciting ways,” said Kris Penseyres, co-founder & chief brand officer.
The team recently launched their first mobile application, “DOGA House”, which is exclusively available to owners of a Dogamí NFT. Available for both iOS and Android, the app allows users to play, feed, pet, and walk their dogs in the DOGAMÍ universe, and rewards them with the $DOGA cryptocurrency in return.
The $DOGA cryptocurrency can be used to buy or resell NFT avatars, and accessories, as well as to participate in events within the DOGAMÍ universe. In the future, $DOGA owners may also use it in exchange for physical clothes, accessories, or tickets to live and virtual events.
In the coming months, DOGAMÍ plans to introduce new features and improvements, including personalization of Dogamí avatars with branded accessories, development of the game environment, new animations and interactions, augmented reality, mini-games, and competitions between Dogamers.
In parallel, the team is working on a new mobile game, set to launch in 2023.
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