Home AI The Web3 game DOGAMÍ obtains a total financing of 14 million dollars

The Web3 game DOGAMÍ obtains a total financing of 14 million dollars

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The Web3 game DOGAMÍ obtains a total financing of 14 million dollars

Source: news.google.com

DOGAMÍ, an augmented reality mobile game involving pets with non-fungible tokens (NFTs), has completed a $14 million seed funding round, according to a Dec. 12 press release provided to Cointelegraph. Mobile gaming company Web3 has raised $7 million led by venture capital firm XAnge after initially raising $6 million from industry leaders in January 2022.

DOGAMÍ, with community members in more than 80 countries, indicated that it has already sold 12,000 NFTs of dog avatars and 12,000 NFTs of canine accessories through a collaboration with omnichannel clothing retailer GAP.

The company has also launched its first mobile app, “DOGA House”, which allows users to discover and interact with their “NFT pups” in the “DOGAMÍ universe” while earning DOGA cryptocurrency.

Related: Leveraging the Blockchain to Deliver More Rewarding Experiences for Casual Gamers

Despite the continuing bear market, Web3 and blockchain-based games continue to get funding for their projects. Analytics service DappRadar shared that despite FTX’s sudden crash and its cascading negative effect on the Web3 ecosystem, “blockchain gaming raked in over $320 million in November.”

On Nov. 27, Cointelegraph reported that Web3 game publisher Fenix ​​Games has raised $150 million in funding to acquire, invest, and distribute blockchain games.