Neopets Metaverse raises $4 million to bring Neopets to Web3

Reportedly, the title will be free-to-play and accessible to both Web3 and Web2 users.

Neopets Metaverse has announced closing an investment round, raising $4 million in funding. The round saw participation from big names in gaming and blockchain, including Polygon Ventures, Blizzard Avalanche Ecosystem Fund, Hashkey Capital, IDG Capital, and NetDragon Websoft.

Neopets Metaverse looks to bring the popular virtual pet game, Neopets, into the decentralized world. The title plans to allow players to own and monetize their gaming experiences on the blockchain. The company stated that the game will be free-to-play and accessible to crypto natives and casual players.

Neopets Meta Chief Metaverse Officer, Dominic, commented:

“We are thrilled to garner such strong support from our investors. This funding will allow us to provide a genuinely inclusive and immersive gaming experience that will capture the spirit of the Neopets community.”

Xiao Xiao, Investment Director of HashKey Capital, added:

“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. The Neopets IP, in particular, has a massive fan base, and we see great potential in its NFT and play-to-earn 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.”

The company recently launched Neopets Meta Alpha: Winter Edition, which received positive feedback. According to Neopets Metaverse, players have praised the immersive gameplay and nostalgia-infused mini-games within the title. The Alpha: Winter Edition will reportedly run until January 31, 2023.

With this funding, Neopets Metaverse aims to continue its growth, bring Neopets in a positively fresh light to old-time players, and attract more gamers. The company shared that it looks forward to working with its investors and the broader GameFi community to make Neopets Metaverse a reality.

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