European Metaverse Summit & Awards
  • Home
  • News
  • ShortListed Companies
    • Nomination: AI Use Cases
    • Nominations
      • Top Global Event
      • Top Metaverse Platform & Virtual World
      • Top VC or Accelerator
      • Top Blockchain Developer Services Provider
      • Most Impactful Marketing Advertising Campaign
      • Most-promising Corporate VC Investment
      • Top Corporate Partnership
      • Top Legal Firm for Metaverse/Web 3.0 businesses
      • Top Avatar Design Company
      • Top Digital Twin Initiative Enterprise
      • Top Digital Twin Initiative Consumer
      • Top Cloud, Enterprise or Technology Partner
      • Top Partner for establishing early-stage presence in Metaverse
      • Most Innovative NFT Project
      • Top 3D Design Firm for Metaverse
      • Top Fashion Brand Initiative
      • Top Consumer Experience & Entertainment
      • Top Sports Brand Initiative
      • Top Enterprise Productivity initiative
      • Top Digital Payments platform
      • Most Exciting Scale-up Company
      • Top XR AR VR Firm
      • Most Exciting Hardware for Metaverse/Web3
      • Most Promising Haptics Initiative
  • 2023 Summit & Awards
    • VIP Jury
    • Agenda
    • Venue
      • Hotel Reservation
    • Tickets
      • Pay via Credit Card
  • Exhibitors
  • Contact
    • Sponsorship Options
    • FAQs
    • Brella Event App & Networking
    • 2022 Event
      • VIP Jury
      • Agenda 2022
      • Photos 2022
      • Videos 2022
GET TICKETS

Metaverse News Europe


Petaverse Network's $7 million to power metaverse pets project

9/14/2022

0 Comments

 
Digital pets are nothing new: for as long as we’ve been hanging out online, people have been trying to sell us pixelated counterparts of our real-life animals. And now, as the next generation of the internet looms — Web3 — a new crop of startups is winning investment to bring our furry friends into the metaverse. 
So, is the idea of the meta-mutt just another flash in the hype pan, or can they truly replace man’s best friend with a solid business opportunity?
History is on the meta-pets’ side, with major commercial hits like Tamagotchi, a 90s handheld “virtual reality” pet, selling 83m units globally as of March 2021.  

Yet another case study is pet simulation game Nintendogs; the Nintendo DS handheld console game (which was discontinued in 2014) has sold a cool 24m copies, with users who couldn’t own real-life dogs loving the experience. 

We spoke to a few of the “petaverse” founders who are already putting VC money to work, as they try to bring man’s best friend into the metaverse.

Yet another case study is pet simulation game Nintendogs; the Nintendo DS handheld console game (which was discontinued in 2014) has sold a cool 24m copies, with users who couldn’t own real-life dogs loving the experience. 
We spoke to a few of the “petaverse” founders who are already putting VC money to work, as they try to bring man’s best friend into the metaverse.

Susan Cummings is cofounder of Cardiff-based Tiny Rebel Games, which recently raised a $7m seed round to build Petaverse Network. It designs artificially intelligent cats, which the company promises will work across different metaverses. 

The idea is that your pet can accompany you wherever you go in the virtual world, joining you in anything from a work meeting to a quest to fell an ancient dragon. She says that, when compared with prior successes like Nintendogs, the metaverse presents one big advantage: these animals aren’t prisoners to hardware.
“The problem with Nintendogs is that they’re forever confined to the [Nintendo] DS… It’s a pity they couldn’t be separated from that device,” Cummings says. A pity — and a lost business opportunity.



Full story here
​​
0 Comments



Leave a Reply.

Newsletter - European Metaverse News



SUBSCRIBE

  • Subscribe to European Metaverse News
  • SUBSCRIBE HERE
Agenda Jury Venue Tickets FAQs Contact

©  2022 CEE BUSINESS MEDIA 

Company

Agenda
Jury
Venue

Support

Tickets
FAQs
Contact
©  2022 CEE BUSINESS MEDIA 
  • Home
  • News
  • ShortListed Companies
    • Nomination: AI Use Cases
    • Nominations
      • Top Global Event
      • Top Metaverse Platform & Virtual World
      • Top VC or Accelerator
      • Top Blockchain Developer Services Provider
      • Most Impactful Marketing Advertising Campaign
      • Most-promising Corporate VC Investment
      • Top Corporate Partnership
      • Top Legal Firm for Metaverse/Web 3.0 businesses
      • Top Avatar Design Company
      • Top Digital Twin Initiative Enterprise
      • Top Digital Twin Initiative Consumer
      • Top Cloud, Enterprise or Technology Partner
      • Top Partner for establishing early-stage presence in Metaverse
      • Most Innovative NFT Project
      • Top 3D Design Firm for Metaverse
      • Top Fashion Brand Initiative
      • Top Consumer Experience & Entertainment
      • Top Sports Brand Initiative
      • Top Enterprise Productivity initiative
      • Top Digital Payments platform
      • Most Exciting Scale-up Company
      • Top XR AR VR Firm
      • Most Exciting Hardware for Metaverse/Web3
      • Most Promising Haptics Initiative
  • 2023 Summit & Awards
    • VIP Jury
    • Agenda
    • Venue
      • Hotel Reservation
    • Tickets
      • Pay via Credit Card
  • Exhibitors
  • Contact
    • Sponsorship Options
    • FAQs
    • Brella Event App & Networking
    • 2022 Event
      • VIP Jury
      • Agenda 2022
      • Photos 2022
      • Videos 2022