DOGAMÍ Acquires $6M from Ubisoft and Others to Launch The Petaverse on Tezos (XTZ)

DOGAMÍ, which claims to be the first-ever mass-market play-to-earn NFT game powered by Tezos (XTZ), has secured $6M in capital from Ubisoft, Animoca Brands, and The Sandbox co-founders.

The funding from DOGAMI’s investment round should help with “establishing the future of pet ownership 3.0” and the role of blockchain or distributed ledger technology (DLT) in these initiatives.

DOGAMÍ claims that it continues to “turn heads in the world of gaming and pet ownership.”

The recent round of funding is “a firm nod of approval from various cross-industry blockchain leaders,” according to an update shared with CI.

The pre-seed fundraising received support from Ubisoft, Animoca Brands, The Sandbox‘s co-founders, XAnge, Blockchain Founder Fund, and Draper Goren Holm.

Ubisoft VP Strategic Innovation Lab Nicolas Pouard stated:

“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.”

DOGAMÍ combines AAA NFT gaming with investing and pet ownership 3.0, the update explained.

The game is deployed on the Tezos blockchain, which has become known for being more energy-efficient than other major public blockchain networks.

As noted in a release, DOGAMí is focused on “paving the way for establishing a ‘Petaverse’ where players can adopt and raise their unique 3D dog companion and earn $DOGA tokens in the process.”

DOGAMÍ further notes that it has become one of the top play-to-earn game projects in the Tezos ecosystem.

As explained in the announcement, players entering the Petaverse will “train and play with over 300 DOGAMÍ breeds.”

Every breed has “unique traits and will provide a slightly different user experience,” the announcement noted while adding that interaction between players and virtual pets “occurs through the augmented reality-enabled mobile application.”

Additionally, there is “lore surrounding the Petaverse to explore” and that lore is “created by Bryan J.L. Glass, an alumnus of Marvel, Image and DC Comics who worked on Thor, The Mice Templar, and Adventures Of Superman,” the announcement noted.

Players engaging with the Petaverse will “earn $DOGA Tokens when completing various tasks.”

The announcement also mentioned that the currency is used to acquire consumables, “build a digital wardrobe, purchase tickets to virtual events, collect badges, and breed DOGAMÍ.”

Additionally, $DOGA will be traded via centralized and decentralized exchanges “on the secondary market.”

DOGAMÍ CEO and Co-founder Maximilian Stoeckl, remarked:

“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 mentioned in the release, DOGAMÍ is a mass-market NFT play-to-earn AR mobile game, where you “adopt and raise your 3D dog and earn $DOGA in the Petaverse.”

The initiative was co-founded in mid 2021 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).

DOGAMI is supported by “a European team of 30+ including Art Director Gregory Magadoux (previously Ubisoft),” the update revealed.

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