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Neopets Raises $4M From Various Game-Fi Brands To Enter The Metaverse

Neopets, the OG virtual pet game, has raised $4 million from various Game-Fi brands to enter the metaverse.

It has been reported that the iconic 90s pet game is now steering towards a new frontier at the forefront of a new generation. 150+ million fans worldwide will soon be able to raise their digital pets once more in a new web3 universe.

However, Web3 industry leaders such as Polygon, Hashkey Capital, Blizzard Avalanche Fund, NetDragon Websoft among others have invested $4 million into the Neopets Metaverse project. The original Neopets is a classic web browser game. Founded in 1999, the game captured the hearts and created countless core memories for more than 150 million fans worldwide.

The report said that the Neopets Metaverse project fuses the power of the metaverse with the digital pet experiences. This will allow players to fully own, monetize, and engage with the game in never-seen-before ways.

Likewise, the Neopets Metaverse game will be a free-to-play game accessible to crypto enthusiasts, casual players, and fans alike. Neopets Metaverse is a digital world where players can raise, care for, customize, and battle with their Neopets.

With the addition of blockchain technology to its gameplay mechanics, players can also build, own, and monetize their gaming experience. The metaverse game includes thrilling minigames, stunning PvP battles, a unique Neopet care and customization system, and more.

Xiao Xiao, the Investment Director of HashKey Capital, said:

“We believe that GameFi plays a crucial role in the larger metaverse narrative, serving as the interactive layer in the value chain and a key driver of traffic across web 2 and web 3. The Neopets IP, in particular, has a massive fan base and we see great potential in its NFT and P2E features, which allow gamers to truly own and control their assets.”

Thus, Dominic, the Chief Metaverse Officer of Neopets Meta, said:

“This funding will allow us to provide a genuinely inclusive and immersive gaming experience that will capture the spirit of the Neopets community.”

Source: NFT Evening


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