Neopets Secures $4 Million in Funding to Expand its GameFi Metaverse
This fresh funding will allow Neopets to step up its operations, bringing the 90s classic to all Web3 gamers.
Legendary browser game Neopets is looking to expand in the Web3 domain
Neopets Metaverse, a play-and-earn virtual pet game based on the classic Neopets IP, has announced the completion of a $4 million investment round. The fundraising saw participation from key industry leaders, such as Polygon Ventures, Blizzard Avalanche Ecosystem Fund, Hashkey Capital, IDG Capital, and Chinese gaming firm NetDragon Websoft.
With this funding, Neopets Metaverse is set to scale in operations, bringing the magic of Neopets in a refreshing take to old-time players while nurturing a new generation of Neopians. The company will work closely with all investors to reimagine the classic browser game in a decentralized world for over 150 million fans worldwide.
"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 Web2 and Web3," said Xiao Xiao, Investment Director of HashKey Capital, in a statement.
She added: "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. We are also honored to have the opportunity to work with founders like Dominic who can always execute and deliver."
"We are thrilled to garner such strong support from our investors," said Dominic, Chief Metaverse Officer of Neopets Meta. "This funding will allow us to provide a genuinely inclusive and immersive gaming experience that will capture the spirit of the Neopets community."
It's worth mentioning too that the exciting news comes on the heels of Neopets Meta Alpha: Winter Edition, which features the Neopia Central and Terror Mountain lands. The game has received plenty of positive remarks, with players applauding the immersive gameplay and nostalgic mini-games like "Meerca Chase," "Ultimate Bullseye," and "Turmac Roll." If you haven't already, the Alpha: Winter Edition is now accessible on Neopets' official webpage and will last until January 31st.