Dogami, the startup that allows the ownership and breeding of its NFT-shaped virtual dogs, has completed its seed round, raising an additional $7 million. After the development, the metaverse coin DOGA rose. Here are the details…
7 million dollars raised for Dogami
The $7 million seed fund was led by Berlin- and Paris-based VC firm XAnge, with participation from French public investment bank Bpifrance, Singapore-based Blockchain Founders Fund, Wagram Capital and other family offices. In January 2022, DOGAMÍ raised the first $6 million from industry leaders such as Ubisoft, Animoca Brands, The Sandbox co-founders, Draper Goren Holm, Tezos, GSR and many more strategic investors.
The initial investment enabled DOGAMÍ to sell 12,000 NFT dog avatars and 12,000 NFT dog accessories in collaboration with international brand GAP. DOGAMÍ has built one of the most exclusive Web3 communities with over 200,000 dog lovers in less than a year. DOGAMÍ attracts gender-diverse community members from more than 80 countries, with an average age of 30 years.
Dogami users are constantly playing the game
The team of 40 employees recently launched “DOGA House”, the first mobile app available exclusively to Dogamí NFT owners. DOGA House got off to a very promising start: two weeks after its launch, 70% of users with access to the app are playing games every day. Dogamers use the app to discover and interact with NFT puppies. Available for both iOS and Android, the app allows users to play, feed, pet and walk their dogs in the DOGAMÍ universe, rewarding them with $DOGA cryptocurrency in return.
DOGA cryptocurrency can be used to buy or resell NFT avatars and accessories, as well as participate in events in the DOGAMÍ universe. In the future, DOGA holders can also redeem in exchange for physical clothing, accessories, or tickets for live and online events. DOGAMÍ currently offers 12,000 NFTs with four rarity levels. Fifteen Dogami breeds have entered the market so far, including the popular Shiba Inu, Corgi, and Australian Shepherd.
New strains will be introduced in 2023. An innovative breeding feature will allow Dogamí owners to breed new virtual companions. DOGAMÍ expects community members to generate up to 100,000 unique Dogamí NFTs by the end of 2023. In the coming months, DOGAMÍ plans to introduce new features and improvements, including customizing Dogamí avatars with branded accessories, enhancing the game environment, new animations and interactions, augmented reality, mini-games and competitions between Dogamers.
Metaverse coin price jumps
Meanwhile, the DOGA token managed to rise from $0.0147 to $0.0169 after the development. However, at the time of writing, it stands at $ 0.015. The coin has increased by close to 5 percent on a daily basis.
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