While personalized digital pets are nothing new, dating back to the late 1990s and early 2000s (thanks to Tamagotchi), Web3-based companies are looking to capitalize on the pet-owning market by targeting to animal lovers and taking them into the metaverse.
Most millennials you ask will tell you that they are familiar with Tamagotchi pets and/or had at least one growing up. It was arguably the first form of (pet) ownership and responsibility millennials took on (voluntarily) growing up.
As old as Tamatgotchi is, it has he certainly made a comeback in recent years, with its website attracting over 125,000 visitors in December 2021 alone, a 750% increase from 2019, proving that Web3 and the metaverse have the power to revive and transform intellectual property and brands of good reputation.
Last summer, Tamagotchi released its limited-edition Star Wars R2-D2 model, which allows consumers to train R2-D2 to master various stills while having him play minigames, along with a host of licensed content ranging from Star Wars, Toy Story, Pac-Manand BTS’ tiny tan product lines.
Be[In]Crypto has contacted the Tamagotchi for information on whether they are exploring the metaverse and is awaiting a response.
As for Web3 and the metaverse, virtual pet ownership is only going to get more interactive and fun, especially if household names like Tamagotchi get involved in the space.
With the growing popularity of Web3, it’s no surprise that digital pets are finding new homes and owners in the metaverse.
Valued at over $41 billion, the NFT market has far outgrown the traditional art space, throwing doors wide open for pet owners spanning all industries around the world looking for new forms of interaction.
Here are some favorite metaverse projects that any animal lover should consider as technology continues its path to Web3.
In April, the digital pet company announced that it will release AI-powered 3D digital dogs as companions for the metaverse.
In an effort to commercialize its technology, the company has raised seed funding from Outlier Ventures, Hawk Digital, MaxStealth, and angel investor Rafi Gidron, who started Chromatis and eventually sold it to Lucent for $4.8 billion.
According to reports from VentureBeat, the startup is still in talks with additional potential investors.
These AI-powered dogs, according to the company, will allow owners to interact with them in realistic ways through voice, visual and tactile communications that allow people to communicate and interact with them in the same way that they would in the wild. the physical world.
Specifically, it will leverage extended reality (XR) and blockchain technologies to create a “continuous two-way emotional relationship” with a virtual being in these virtual environments, apps, and games.
Consumers will eventually be able to access the technology through the startup’s proprietary PetOS technology.
As for any former Tamagotchi (yes, millennials, we’re talking directly to you), MetaGotchi is another project to keep your eyes on. Of course, the name of the project conflates the terms ‘metaverse’ with ‘Tamagotchi’, the digital pet toy that was released in the ’90s.
Launched on the Ethereum network, MetaGochi has been referred to as one of the largest virtual pet metaverse platforms on the market, with almost half a million daily active users since July 2021. Since July, the platform says it has raised more than $ 30 million in fees.
Released in November 2021, metapets is the latest addition to the pet-a-verse, which seeks to bridge the gap between pet ownership, the metaverse, and events.
After reading the company’s white paper in depth, one of the most exciting aspects of MetaPets is the ability to not only design and own your own pets, but also the ability to participate in a wide range of events and activities, including exhibitions. dog and horse racing. while you have the opportunity to generate income from the platform.
Taking the CryptoKitties concept one step further, Axie Infinity allows players to form teams of Axies and battle through PvE and PvP content to become stronger and unlock rewards. Due to the competitive nature of the game, Axie Infinity requires the purchase of in-game assets for the best PvP combat experience.
In December of last year, the developers of Axie reported which have added over 500,000 new Axie holders, almost approaching 3 million daily active users.
“These gamers are fighting and breeding Axie at a breakneck pace,” the company told PCMag, emphasizing that it had just received its 10 millionth Axie on its platform.
Launched by Dapper Labs in 2017, CryptoKitties has maintained its industry-wide success as one of the first blockchain-based games to allow players to buy, collect, breed, and sell virtual cats.
To this day, it remains one of the most profitable projects in the space that has caught the attention of cat lovers around the world.
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