22 October 2021 - PolkaPet World, the Polkadot ecosystem nonfungible token (NFT) project in partnership with 21 of the biggest Polkadot projects, today announced that first-round funding for its highly anticipated PETS token has closed at over $3.1 million.
The round was led by Animoca Brands, a leader in digital entertainment, blockchain, and gamification. Other investors included SkyVision Capital, DFG Group, Jsquare, Waterdrip Capital, Hillrise Capital, and 3Commas, among others.
The PETS token is a utility token that will grant holders the opportunity to interact with PolkaPet World partner protocols as well as earn exclusive NFTs, engage in P2E games and access many innovative PolkaPet World DeFi products.
“This round of investment was heavily oversubscribed and we’ve been overwhelmed with the response,” said Harry Liu, CEO of PolkaPet World. “To have major backers in this space, including Animoca Brands, is a testament to the strength of the $PETS token, and matches our ambition to make PolkaPets World a leading Polkadot project.”
“The PolkaPet World project is a unique opportunity to bring together so many key Polkadot projects and add utility to PolkaPets NFTs,” said Yat Siu, executive chairman and co-founder of Animoca Brands. “The $PETS token is a natural evolution for PolkaPet World and we’re excited to see it launch now that NFTs and GameFi are exploding in popularity.”
The PETS token launches on October 28, 2021, with several IDOs to be announced on PolkaPet World community channels in the coming days.
About PolkaPet World
PolkaPet World is an NFT project created by Bondly in partnership with some of the biggest names in the Polkadot ecosystem. Each PolkaPet is embodied as an artistic creature that represents a specific Polkadot project.
All PolkaPets hold unique project-specific utility to reward community members for holding their PolkaPet NFTs in their wallets. The utility could be a discount on fees, an airdrop of tokens to PolkaPet cardholders, or various other properties.
The $PETS token is the utility token used to engage with PolkaPet World products and services, as well as allowing governance rights and access to exclusive sales.
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