• Genopets, the world’s first “move for money” NFT game, secures $8.3 million in funding

  • Solana-based NFT game Gennopets has announced that it has raised $8.3 million in a seed round co-led by Pantera Capital and Konvoy Ventures.Genopets is touted as the world’s first “mobile money making” game that offers users financial and social rewards for steps they take in real life Rewards.

    The company’s mission is to “connect the physical and digital worlds” by gamifying physical, mental and emotional wealth, and to engage cryptocurrency and non-cryptocurrency audiences by combining free-to-play and game-for-money elements.

    Unlike most game-for-money titles, users can mint characters for free in order to start playing the game. After minting, players can choose if they want to buy a “habitat” for their character as well. This allows them to earn rewards faster while also unlocking an NFT marketplace with more items.

    To track the movement of the player’s physical world, the game uses data from the user’s phone and wearable fitness devices. The team behind the game has revealed further intentions to work with “mobile money” style games as well as wearable technology companies.

    “Genopets is a liquid digital asset representation of a gamer’s physical activity in the real world. It sits at the intersection of gaming, gaming revenue and physical activity,” said Josh Chapman, managing partner at Konvoy Ventures.” The platform connects gamers’ real-world steps with their progress, customization and value creation in the Genopet universe.

    Other key investors in the game include Alameda Research, Old Fashion Research, Solana Capital, Xoogler Ventures, Mechanism Capital and Animoca Brands.

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