Bringing Pets to the Virtual Reality
DOGAMI is bringing Petaverse to Tezos with its Alpha NFTs, allowing people and pets to live together and discover virtual experiences in pets-focused metaverse experiences. In the Petaverse, having a virtual companion produces a vastly different experience and allows for a distinct take on play-to-earn mechanisms. The pet owners can choose from nearly 300 dog breeds with each set of unique qualities and characteristics. Pet owners may also train, tweak, create qualities, and participate in challenges. The play-to-earn concept requires these challenges to be performed since rating high rewards players extra $DOGA tokens. In late 2021, DOGAM received $6 million in investment from Ubisoft, Animoca Brands and The Sandbox co-founders.
DOGAMI is an NFT play-to-earn AR mobile game, where users adopt and raise 3D dogs and earn tokens in the Petaverse. The startup was founded in mid-2021 by Max Stoeckl, Bilal El Alamy, Adrien Magdelaine and Kristofer D. Penseyres. The Petaverse is supported by a European team of 30+ including art director Gregory Magadoux who previously worked at Ubisoft.
According to statistics from intelligence firm Similarweb, web traffic data mentioning "pets" or keywords referring to dogs and cats on the NFT marketplace OpenSea peaked at around 636,000 in October 2021. This shows a trend among the NFT and crypto community towards the pets market. As per the statistics from December 2021, the figure had plummeted to 246,000. Web searches for NFT pets and associated terms show a similar pattern and trend. The rise of pets-based NFT searches shows a growing niche market for pets based on NFT themes and a possible pets-focused metaverse market.
Pets and the Petaverse
The metaverse enabled by virtual and augmented reality is often viewed as the next iteration of the internet as a virtual environment, or Web3.
There are various methods to buy or adopt a pet in the metaverse, each with its own set of benefits. You may buy a dog and take it on a stroll in the virtual open-world platform Decentraland, or you can buy a fish and keep it in a bowl on your dresser.
For getting a pet in the metaverse the user needs to purchase an NFT picture on a marketplace such as OpenSea. A pet may currently only live in the digital realm in the metaverse. Several startups are solving this problem by combining the real and digital worlds. For example, a protocol that allows you to scan and tokenize a 3D depiction of your pet in the real world before bringing them into the metaverse. The trend of Pets-based NFTs was started by CryptoKitties, the first successful application of NFTs.
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Image credit: Jamie Street and Rahul Pugazhendi.
Disclaimer: The purpose of this article is to remove informational asymmetry existing today in our digital markets by performing due diligence, asking the right questions, and equipping readers with better opinions to make informed decisions. The writer holds Bitcoin, Ethereum, Cardano, Solana and Cosmos. The writer has a vested interest in the story.