Dogami, a petaverse platform that develops a mobile-first Web3 game allowing players to buy NFTs, has raised €14 million ($15.7 million) in a funding round led by XAnge, with participation from Bpifrance and Wagram Capital. The startup, founded in 2021 by Max Stoeckl, Bilal El Alamy, Adrien Magdelaine, and Kristofer D. Penseyres, allows players to raise 3D virtual dogs and earn cryptocurrency, DOGA, in return. Dogami claims to have a community of over 200,000 members and has sold 12,000 virtual pet NFTs. The funding will be used to develop the company's range of Web3 games and applications.
XAnge, a venture capital firm that invests in early-stage startups, led the funding round for Dogami. Bpifrance, a French public investment bank, also participated in the round. Wagram Capital, an investment firm that specializes in technology and digital media, was also part of the funding round.
Dogami's focus on the petaverse, a virtual world where players can own and interact with digital pets, aligns with the growing trend of NFTs in the gaming industry. NFTs, or non-fungible tokens, are unique digital assets that can be bought, sold, and traded. The use of NFTs in gaming has exploded in popularity in recent years, with many companies exploring ways to incorporate the technology into their games.
Dogami's success in raising €14 million in funding is a testament to the growing interest in the gaming industry and the potential for NFTs to revolutionize the way players interact with digital assets. As the gaming industry continues to evolve and embrace Web3 technologies, companies like Dogami will be at the forefront of innovation and growth.
