In the last month, one company has raised $6 million in a funding round. The announcement of this investment signaled that blockchain and cryptocurrency-powered games are becoming more popular with investors.
DOGAM, a Tezos-powered NFT game, has received a $6 million investment round. Animoca Brands, Ubisoft, and The Sandbox co-founders led the round, which was also supported by XAnge, Ghaf Capital, Blockchain Founder Fund, and Draper Goren Holm.
DOGAM will be able to further develop its Pet Ownership 3.0 experience, which is based on AAA NFT gaming and blockchain technology, thanks to the successful investment round. The funds will be used to fundamentally improve the way blockchain technology is used in the game while doing so.
It’s an exciting moment for the Paris-based startup, which has received financing from various venture capital (VC) organizations as well as mainstream and blockchain gaming powerhouses. Nicolas Pouard, Ubisoft’s director of Strategic Innovation, indicated that the two companies’ similar vision for blockchain gaming would allow them to help expose DOGAM to a wider audience:
“Blockchain holds a key to the future of the videogame industry, introducing new opportunities for both consumers and creators,” Ubisoft said. DOGAM, we believe, shares this ambition and helps to the mainstreaming of blockchain gaming.”
In the extremely efficient Tezos blockchain ecosystem, DOGAM is now the most popular play-to-earn gaming initiative. The game’s ‘petaverse,’ where users can adopt, raise, play, and socialize with over 300 different breeds of adorable 3D dogs while earning $DOGA tokens, is constantly being developed, as evidenced by the recent funding round.
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