Author : Kenno
Date : Dec 18,2022
$14 million seed funding round for the web3 mobile gaming startup is completed
Web3 is being transformed by blockchain gaming, and DOGAMI is at the vanguard of the transformation. The $14 million seed funding round for the web3 mobile gaming startup is completed, and the company sets a standard for the sector. A pet companion augmented reality game with an aim to bring millions online is DOGAMI! Continue reading to discover more about DOGAMI and their long-term goals.
With regards to DOGAMI's $14 Million Seed
The second fundraising round saw VC firm XAnge increase the $14 million fund by an additional $7 million. More than 12,000 NFTs were sold after creation of the DOGAMI NFT project. The DOGAMI community, which includes over 20,000 people and is centered on dog lovers, was created. More than 12,000 NFTs of dog accessories have been sold by DOGAMI to their neighborhood. The goal of DOGAMI's digital dogs is to provide an experience that is so simple that even grandma could use it and enjoy it.
Leading companies in the market, including Ubisoft, Animoca Brands, and many more, contributed to DOGAMI's initial $6 million in funding (raised in January). Furthermore, the $7 million seed expansion round was headed by the Paris and Berlin-based VC firm XAnge. Additionally, involvement from Wagram Capital, Blockchain Founders Fund, Bpifrance, a French public investment bank, and other family offices guarantees that the initiative is unquestionably at the vanguard of developing on the blockchain.
The company's first mobile app is called "DOGA House." Users explore the "DOGAM cosmos" and interact with their "NFT puppies" in this experience. Members can also earn DOGA cryptocurrency by playing the game. Within the DOGAMI universe, gamers in DOGA House can play, pet, and walk their dogs. Even throughout the downward market, blockchain gaming has been a consistent influence in web3. Blockchain gaming raised more than $320 million in November, according to DappRadar. These are huge sums, yet it's still early to fully appreciate the technology.