DOGAMÍ, an augmented reality mobile game involving nonfungible token (NFT) pet companions, has completed a $14 million seed funding round, according to a Dec. 12 press release provided to Cointelegraph. After initially securing $6M from industry leaders, Web3 mobil gaming company raised $7M led by VC firm XAnge.
DOGAMÍ, with community members in over 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 omni-channel clothing retailer GAP.
The company has also launched its first mobile application, “DOGA House”, which allows users to discover and interact with their “NFT puppies” in the “DOGAMÍ universe” while earning DOGA cryptocurrency.
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Despite the ongoing bear market, Web3 or blockchain-based games continue receiving funding. Analytical service DappRadar shared that despite the sudden collapse of FTX and its negative cascading effect on the Web3 ecosystem, “blockchain games raised over $320 million in November.”
Cointelegraph reported on Nov. 27 that Web3 gaming publisher Fenix Games had raised $150 million to acquire, invest in and distribute blockchain-based games.