Genopets, an NFT move-to-earn game that operates on the Solana platform, recently announced the organization raised $8.3 million in a recent seed funding round. This financing round was led by Konvoy Ventures and Pantera Capital with additional investments coming from Alameda Research, Old Fashion Research, Solana Capital, Xoogler Ventures, Mechanism Capital, and Animoca Brands.
The game accesses data that is tracked on phones and wearable fitness devices. From there, users that take steps in real life are given in-game rewards based on how much they move.
NFTs in Genopets are expected to be free to mint. Once minted, users can purchase a virtual “habitat” for their character. After that, a marketplace of additional NFT items will become available to players.
“Play-to-earn pinpointed an intersection of gaming and blockchain that has struck a chord with users: earning real money proportional to in-game performance,” said Pantera Capital Partner Paul Veradittakit. “This is a trend we’ve been monitoring very closely. We believe it’s going to fundamentally transform the established gaming industry and onboard millions of users into the crypto ecosystem.”
(All information was provided by CoinDesk)
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