DOGAMÍ, a Web3 mobile gaming company, had a successful seed funding round, raising $14 million. With the help of venture capital firm XAnge, who led the round with $7 million, and other industry leaders who initially provided $6 million back in January 2022.
The augmented reality non-fungible token (NFT) pet companions game, ‘Dogami Universe,’ received global community support.
The company has already made a name for itself, with a pompous community spreading over 80 countries. It has sold 12,000 NFTs of dog avatars and 12,000 NFTs of dog accessories in partnership with popular clothing retailer GAP.
They have also launched their mobile app, “DOGA House,” continuing their move into digital assets. The app allows users to explore and interact with their “NFT puppies” in the “DOGAMÍ universe” and earn DOGA cryptocurrency.
The Web3 and blockchain-based gaming sector have proven resilient amidst the bear market, with over $320 million in funding raised in November alone. Despite the setback of the sudden collapse of FTX, projects like DOGAMI have remained buoyant, showing the industry’s strength.
Similar news surfaced regarding Fenix Games in November, another popular Web3 game publishing house that raised $150 million in funding to invest, acquire and distribute Blockchain games.