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Web3 DOGAMÍ receives total funding of $14 million

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DOGAMÍ, an augmented reality mobile game featuring non-fungible (NFT) pet companions, has completed a $14 million seed funding round, according to a December 12 press release provided to Cointelegraph. Mobile gaming company Web3 has raised $7 million led by venture capital firm XAnge after initially raising $6 million from industry leaders in January 2022.

DOGAMÍ, with community members in more than 80 countries, indicated that it has already sold 12,000 NFTs of dog avatars and 12,000 NFTs of dog accessories through collaboration with multi-channel clothing store GAP.

The company also launched its first mobile app, “DOGA House,” which allows users to discover “NFT dogs” and interact with them in a “DOGAMÍ world” while earning DOGA cryptocurrency.

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Despite the continuation of the bear market, Web3 and blockchain-based games continue to obtain funding for their projects. Analytical service DappRadar He shared that despite the sudden crash of FTX and its cascading negative impact on the Web3 ecosystem, “blockchain games raised over $320 million in November.”

On November 27, Cointelegraph reported that Web3 Fenix ​​Games raised $150 million In financing to acquire, invest and distribute blockchain games.