NFT pet game DOGAMÍ gets financial backing from big industry names
New play-to-earn game, DOGAMÍ recently raised US$ 6 million in a funding round led by Ubisoft. Other notable names involved included Animoca Brands, The Sandbox co-founders, XAnge, Blockchain Founder Fund, Ghaf Capital, and Draper Goren Holm. This funding will help in the development of the yet-to-be-launched game.
This successful funding round from industry leaders is a validation of DOGAMÍ's play-to-earn vision.
Ubisoft vice president of strategic innovation lab Nicolas Pouard commented, "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."
At first glance, DOGAMÍ is comparable to games like Sims Pets or, more accurately, Tamagotchi.
The Tezos blockchain game allows players to adopt and raise a dog in a virtual world aptly named "the Petaverse." Over 300 breeds of DOGAMÍ are available to be trained and customized, each providing players with slightly varying experiences.
DOGAMÍ takes digital pets to the next level with its AR feature. Rather than being confined to the app, players would be able to experience their 3D canine companions in the physical world.
Most important is DOGAMÍ's play-to-earn feature. Players can compete in challenges to earn $DOGA – the game's native token.
This token is used to purchase consumables, build digital wardrobes, buy tickets to virtual events, collect badges and breed DOGAMÍ. What's more, $DOGA would be vital in guiding the future of the Petaverse; token holders would be able to vote on updates and additional features.
$DOGA will eventually be listed and be available for trading through centralized and decentralized exchanges on the secondary market.
DOGAMÍ is still in development, and its beta launch is set to happen in the second quarter of 2022.
Backing by industry giants could determine the success of DOGAMÍ
Ubisoft is undoubtedly the biggest name that participated in DOGAMÍ's funding round. The global game publisher known for the Assassin's Creed franchise has been getting more involved in the NFT and blockchain space lately.
Ubisoft has already supported multiple blockchain game projects to date, including Axie Infinity and NBA Top Shot. The company even has its own NFT platform called Quartz on the Tezos blockchain and has released NFTs for their AAA game Ghost Recon.
Animoca Brands and The Sandbox are also notable. The Sandbox is one of the leading metaverse-based games and a subsidiary of Animoca Brands. Animoca Brands has funded multiple blockchain games recently, and towards the end of 2021, owned digital assets worth over US$ 15.9 billion in total.
With a roster of influential investors, DOGAMÍ has the potential to be a big name in the play-to-earn sector.