DOGAMÍ, a Web3 Game for NFT Pet Companions, Finalizes $14M Seed Round with Extension Led by XAnge

DOGAMÍ, which claims to be the first Web3 game for NFT pet companions, completes its $14M seed round with a $7M seed extension “led by European tech-investor XAnge.”

DOGAMÍ has “launched a mobile application that allows users to adopt and play with their virtual NFT dogs and be rewarded with the native $DOGA cryptocurrency.”

This funds from the investment round will “enable DOGAMÍ to expand its range of Web3 games and applications for mainstream audiences.”

The $7M seed extension was “led by Berlin and Paris-based VC firm XAnge with participation from the French public investment bank Bpifrance, Singapore-based Blockchain Founders Fund, Wagram Capital, and other family offices.”

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 many more strategic investors.”

The initial investment has “enabled DOGAMÍ to sell 12,000 NFTs of dog avatars and 12,000 NFTs of canine accessories in cooperation with the international brand GAP.”

In less than a year, DOGAMÍ claims it has “built one of the most dedicated Web3 communities with over 200,000 dog lovers. DOGAMÍ attracts community members – ‘Dogamers’ – from 80+ countries who are diverse in gender and on average 30 years old.”

The team of 40 employees recently “launched their first mobile application, “DOGA House”, which is exclusively available to owners of a Dogamí NFT.”

DOGA House has reportedly “had a very promising start: two weeks after its launch, 70% of users who have access to the app play each day.”

Dogamers use the app “to discover and interact with their NFT puppies.” 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.”

DOGAMÍ currently “offers 12,000 unique virtual NFT companions, which are divided into four rarity tiers. Fifteen Dogamí breeds have been released so far, including the popular Shiba Inu, Corgi, and Australian Shepherd.”

New breeds will “be released in 2023.” An innovative breeding feature will “allow Dogamí owners to breed new virtual companions. DOGAMÍ expects its community members to breed up to 100,000 unique Dogamí NFTs by the end of 2023.”

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, that will allow Dogamers to experience entertaining adventures with their virtual companions.”

Max Stöckl, Co-founder & Chief Executive Officer, said:

“With DOGAMÍ, we aspire to lead the industry in developing a scalable entertainment experience that transcends the Web3 space. We believe that our approach of combining an engaged community, compelling storytelling and true digital ownership is a crucial pillar of our early successes and we continue to capitalize on that. We are particularly happy to receive support from highly legitimate European investors like XAnge and Bpifrance which is an important signal for the Web3 gaming space as a whole.”

Kris Penseyres, Co-founder & Chief Brand Officer, remarked:

“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.”

As noted in the update, DOGAMÍ claims it is “the first mass-market NFT Web3 AR mobile game, in which you adopt and raise your 3D dog and earn $DOGA, the native cryptocurrency of DOGAMÍ.”

Co-Founded in mid-2021 by Max Stöckl (CEO, previously Boston Consulting Group), Adrien Magdelaine (COO, previously Wamiz, pet industry serial entrepreneur), Kristofer D. Penseyres (CBO, previously Sony Pictures, Branding & Partnership Expert) and Bilal El Alamy (CTO, Blockchain serial entrepreneur).”

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