Genopets an NFT Game on Solana raised $9M

 Genopets, a Solana-based non-fungible token (NFT) “move-to-earn” game where players are rewarded for the steps they take in real life, has raised $8.3 million in a seed funding round, the company announced Monday.

The round was led by Konvoy Ventures and Pantera Capital with investments from Alameda Research, Old Fashion Research, Solana Capital, Xoogler Ventures, Mechanism Capital and Animoca Brands.

The game pulls data from users’ phones and wearable fitness devices to convert steps taken in the physical world into rewards within the game. Genopets CEO Albert Chen said in a press release he wants the game to provide “passive income to individuals as an incentive to stay physically active.”

Unlike the popular GameFi title “Axie Infinity,” where users must purchase three NFT characters that can cost hundreds and even thousands of dollars before starting the game, the NFTs required to begin Genopets will be free to mint.

After minting, users can choose to purchase a virtual “habitat” for their characters to expedite the earning process. Once the habitat is purchased, a marketplace of additional NFT items becomes available.

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Source : CoinDesk.