DOGAMÍ, which claims to be the first “mass-market” play-to-earn NFT game that’s based on the Tezos blockchain network, has acquired $6M in capital from Ubisoft, Animoca Brands, and The Sandbox co-founders.
The proceeds from the investment round will be channeled towards supporting the future of pet ownership 3.0 and the emerging role of blockchain or distributed ledger technology (DLT) in these initiatives.
DOGAMÍ reveals that it continues to gain traction in the world of online gaming and pet ownership. The project’s funding round appears to be a sign of approval from prominent cross-industry blockchain professionals.
The project’s pre-seed round acquired support from Ubisoft, Animoca Brands, The Sandbox’s co-founders, XAnge, Blockchain Founder Fund, and Draper Goren Holm. Strong support from these industry players confirms that DOGAMÍ’s approach to play-to-earn gaming is quite innovative.
Ubisoft VP Strategic Innovation Lab Nicolas Pouard noted that at his organization, they believe that blockchain or DLT holds the key to the promising future of the video game ecosystem, bringing great possibilities for players and developers.
Nicolas added that they think DOGAMÍ shares this unique vision and “contributes to the opening of blockchain gaming to mainstream players.”
DOGAMI Launched on Energy-Efficient Tezos Blockchain
DOGAMÍ aims to bring together AAA NFT gaming with investing as well as pet ownership 3.0.
The game has been launched on the Tezos blockchain, which is well-known for being significantly more energy-efficient than other public major blockchains.
As noted in the announcement, DOGAMí is focused on paving the way for forming a “Petaverse” where players are able to adopt and “raise” their 3D dog companions while earning $DOGA tokens. Notably, DOGAMÍ has become one of the leading play-to-earn game projects in the fast-growing Tezos ecosystem.
As explained in the update, players entering the Petaverse will have the opportunity to train and play with more than 300 DOGAMÍ breeds.
The announcement further noted that every breed has special traits and will offer a unique user experience. Interaction between different players and digital pets takes place via the augmented reality (AR)-enabled mobile app. In addition to these capabilities, there is “lore surrounding the Petaverse to explore,” he update noted.
As mentioned in a release, that lore is created by Bryan J.L. Glass, an alumnus of Marvel, Image and DC Comics who has previously worked on Thor, The Mice Templar, and Adventures Of Superman.
Players who are engaging with the Petaverse will get a chance to earn $DOGA Tokens when performing different tasks. The virtual currency may be used to purchase consumables, create a virtual wardrobe, buy tickets to various online events, collect different badges, and “breed” DOGAMÍ.
$DOGA may also be traded via centralized (CEX) and decentralized exchanges (DEXes) on the secondary markets.
DOGAMÍ CEO and Co-founder Maximilian Stoeckl, stated:
“At DOGAMÍ, we aspire to develop a play-to-earn game that pushes the envelope in terms of design, user experience & mass appeal. We believe strongly in the opportunities & the empowerment that web3 has to offer. 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.”
As noted in a release, DOGAMÍ is an NFT play-to-earn AR mobile game, where users may adopt and raise their 3D dogs while earning $DOGA in the Petaverse.
DOGAMI was co-founded this year by Max Stoeckl (CEO, previously BCG), Bilal El Alamy (CTO, Blockchain serial entrepreneur), Adrien Magdelaine (COO, previously Wamiz, pet industry serial entrepreneur) and Kristofer D. Penseyres (CBO, previously Sony Pictures, Branding & Partnership Expert).
The initiative is being supported by a European team of more than 30 professionals including Art Director Gregory Magadoux, who previously worked with Ubisoft.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
