Neopets, the classic browser game first launched in 1999, has recently announced that it raised $4 million in funding to bring the beloved virtual pet game into the decentralized world through a project called Neopets Metaverse. The funding round saw consisted of the participation of different companies which are important in gaming and blockchain industries. These companies are Polygon Ventures, Blizzard Avalanche Ecosystem Fund, Hashkey Capital, IDG Capital, and NetDragon Websoft.
Neopets is a virtual pet game where players can take care of virtual pets and participate in various mini-games and activities to earn in-game currency called Neopoints. The game has a large and dedicated fan base, and it has been estimated that over 150 million accounts have been created on the website.
Benefits of using blockchain technology
The main appeals of Neopets Metaverse include the use of blockchain technology, which will allow players to truly own their in-game assets. This means that players will be able to trade and sell their virtual items, such as virtual pets and virtual currency, on a blockchain-based marketplace. This new feature will bring a new level of ownership and value to the virtual items, giving players more control over their gaming experiences.
Another important aspect of Neopets Metaverse is the use of non-fungible tokens (NFTs). These tokens are unique digital assets that cannot be replicated, and they will be used to represent virtual items in the game. This means that players will be able to prove the ownership and authenticity of their virtual items, which will have real-world value. NFTs have been gaining popularity in the gaming industry, and their use in Neopets Metaverse will allow players to collect, trade, and even sell their virtual items on the open market, creating new opportunities for players to earn real-world value from their virtual items.
Friendly and scalable
Neopets Metaverse team is also committed to building an eco-friendly, fast, and low-gas metaverse experience. They are working closely with Ava Labs, who is investing in Neopets Metaverse, to achieve this goal. Ava Labs is a next-generation blockchain platform that aims to make blockchain technology more accessible and user-friendly. The use of Ava Labs technology will allow Neopets Metaverse to offer a seamless gaming experience for players, and also minimize the environmental impact of blockchain technology.