DOGAMÍ Bags $500K Tezos Funding, Scale up Petaverse Ecosystem

NFT gaming industry on Tezos blockchain, DOGAMÍ officially secured $500,000 funding from the Tezos Foundation. Furthermore, the funding provided by the foundation enables Tezos to acquire an equity stake in the DOGAMI ecosystem.

The collaboration between DOGAMÍ and the Tezos Foundation enables the DOGAMÍ team to strengthen their blockchain and ecosystem. As a result, the network was able to attract investors globally which positions the network’s native token —  $DOGA — for mass adoption.

Roman Schnider, President of the Tezos Foundation Council explained,

We are proud to support the highly successful project which has repeatedly shown to be a truly trailblazing project from its inception. DOGAMÍ combines gaming and NFTs to create an engaging play-to-earn experience. It is a great entry point for gamers new to blockchain gaming to enter the Tezos community, and by doing so, to expand it.

In terms of technology, DOGAMÍ visualizes metaverse as a universe where players can raise and train virtual pets. Hence, allowing players to interact with the other players in the network’s metaverse seamlessly. The $DOGA token will play a big role in this digital space called Petaverse. It can also be used to pay NFT, accessories, and consumables in the DOGAMÍ network.

Bilal El Alamy, co-founder & CTO of DOGAMÍ said, “We are thrilled to bring this kind of attention to the Tezos ecosystem, it is well deserved. The Tezos Foundation has been a strong sponsor of the DOGAMÍ project since its inception! It felt natural to confirm their participation in our equity.”

On the other hand, DOGAMÍ pet avatars are the hottest NFT commodity on the Tezos blockchain. The collection has surpassed 1.2 million XTZ in volume within the first few weeks of trading on the OBJKT marketplace, making it the quickest and most popular Tezos project ever.