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Established more than a year ago, Dogami allows participants to purchase NFT tokens of 3D dogs, which can be adopted and raised.
Dogami, which is a Web 3.0 game that allows players to adopt and nurture virtual dogs, has raised $7 million in a seed extension round.
The fundraiser was significantly initiated by the European Venture Capital company XAnge. Additional supporters comprise Bpifance, Blockchain Founders Fund, and Wagram Capital, in a statement from the firm.
The equity round was concluded by the end of November, as stated by the Chief Executive Officer and Co-founder Max Stoeckl. Previously, Dogami made $6 million in a seed round with support from investors from companies like Ubisoft, Animoca Brands, Tezos, and GSR, with the novel seed extension offering an aggregate capital of $14 million.
Established more than a year ago, Dogami allows participants to purchase NFT tokens of 3D dogs, which can be adopted and raised. Dogami made an introductory drop of more than twelve thousand dog NFTs in the initial quarter of this year. Stoeckl claimed that the entire backstory of the startup was rooted in the concept of dogs from outer space arriving on earth with a purpose.
The very intricate storyline curated by the former Marvel author will allow Dogami to churn content for several years to come. Stoeckl is also envisioning the game to a greater audience with the possibility to expand its subsidiaries of media like comics and videos. Recently, the startup inaugurated DOGA House, a mobile game accessible to accessible to
The Dogami world also flaunts its own native currency called the DOGA, which can be utilized for the purchase and sale of NFTs and accessories along with participation in events. The DOGA token has plunged to ninety-six percent from its all-time high of $0.41 in March of this year. It is also presently trading at $0.0147 according to statistics from CoinMarketCap.
This seed investment has allowed DOGAMI to trade twelve thousand NFT dog avatars and accessories in partnership with the famous brand GAP. The company has shown a meteoric rise, with DOGAMI building one of the most dedicated Web3 communities with more than twenty-thousand dog lovers. The team has forty employees and very recently inaugurated the first mobile application called the “Dog House”, which is accessible selectively to people who possess Dogami NFTs.
Fifteen Dogami breeds have been launched for now, that include popular names like Shiba Inu, Corgi, and Australian Shepherd. The new breeds will also be disclosed in 2023. A creative breeding establishment will enable Dogami owners to breed new virtual companions. DOGAMI allows its community members to breed up to a hundred thousand exclusive Dogami NFTs by 2023.