Gaming Brand From the 90s Raises $4 Million to Enter the Metaverse
Big Web3 industry players participated as the popular browser game Neopets looks to roll back the years, but this time, in the Metaverse.
Many stakeholders in the video gaming industry believe metaverse gaming is the next step for the sector, as it will onboard millions of users and significant revenue. Big and established names in the gaming space are transitioning to immersive virtual environments, and Neopets Metaverse is next on the list. The browser game from the 90s announced that it had raised funding to push into the metaverse on January 19th, 2023.
Neopets’ latest funding round closed at $4 million. Big names like Polygon Ventures, Hashkey Capital, Netdragon Websoft, IDG Capital, Blizzard Avalanche Ecosystem Fund, Ava Labs, and IDG Capital participated in the round. Using the newly injected capital, Neopets IP hopes to roll back the years, but this time, in a one-of-a-kind virtual world to give its numerous fans a fresh treat.
Rolling Back The Years
Neopets came to life in 1999, and since then, the popular browser game has garnered over 150 million fans globally. In its bid to transition to an immersive gaming outfit, Neopets IP is launching the Neopets Metaverse. This new metaverse gaming experience will unite the Neopets game and all its unique characteristics with a wholesome and immersive digital environment.
The Neopets Metaverse, while offering an avenue into a new world, will allow players to shape a unique gaming experience and monetize it, aided by blockchain technology. While the Neopets Metaverse will have a play-to-earn model, the game will be free to play for every user, with a low barrier to entry for both crypto enthusiasts and regular gamers alike.
Funds and venture capitalists that participated in the raise had nothing but praise for the Neopets Metaverse. Executives at Hashkey Capital and Ava Labs acknowledged the importance of gaming and finance in the Metaverse concept. They singled out the Neopets IP for its extensive fan base and massive potential. According to the Chief Metaverse Officer at Neopets Meta, Dominic, the level of support from such big industry players is thrilling. It will allow Neopets to build an immersive virtual environment that will embody the essence of Neopets.
The Metaverse is the Future of Video Gaming
Along with the successful raise, Neopets Metaverse has also launched its alpha successfully. Christened Winter Edition, the Neopets Meta alpha will allow players to explore the Terror Mountain lands and Neopia Central. Already, players are giving positive feedback on the alpha launch, singling out the engaging mini-games and immersive gameplay for special praise. The Neopets Alpha will be available to the public until January 31st.
Neopets Metaverse is an immersive iteration of the original Neopets 90s classic, and it will give players a chance to breed, customize, and fight battles with their Neopets. An infusion of blockchain technology will allow gamers to monetize and own their gaming assets and experiences in the ecosystem. A rich gameplay with a myriad of modes ensures players enjoy a thrilling metaverse gaming adventure. With the new injection of capital, Neopets can expand its metaverse offering and drive marketing campaigns to reach millions of fans and onboard more users into Web3.