AMGI has announced that it has received funding for its new metaverse project, My Pet Hooligan. Yield Guild Games (YGG), Bitkraft Ventures, and Delphi Digital were investors in the round. The amount of investment was not disclosed.
An application called Immi is also being developed with My Pet Hooligan. This application allows users to create real-time animated characters. The project is also powered by the animation experience of Pixar and Disney.
AMGI wants to create a metaverse of its own, and My Pet Hooligan is part of it. AMGI’s journey to the metaverse will be guided by Yield Guild Games, Bitkraft Ventures, and Delphi Digital. Investors will offer various advisory services to the company.
On the subject, Jeff Holmberg, YGG’s Head of Asset Acquisition, said:
“AMGI Studios is bringing together a team of creatives who have demonstrated their ability to deliver a story-driven narrative with top-of-the-line production studios. We are proud to have them as a partner and excited for our player community to have a great experience exploring the My Pet Hooligan Metaverse.”
YGG is a blockchain game guild. Guilds support Web3 games with strong player communities and generate revenue for both the player and the game. AMGI seems to have taken its place among the companies in YGG’s partnership portfolio.
Jamie Wallace of Bitkraft said:
“By combining a renowned creative team with cutting-edge technology initiatives, AMGI Studios is reshaping the animation landscape of entertainment, game content, and interactive AR/VR environments. Through the use of its proprietary technology, Interloop, AMGI Studios will bring impactful interoperability to the Web3 ecosystem, essentially defining the future of the metaverse.”
Interloop is a system where developers and users can produce and develop together. AMGI projects will benefit from this system. Delphi Digital said in a statement that this technology could increase interoperability in the metaverse, and AMGI’s work on this issue will be highly decisive.
In the Web3 game world, it is possible for people to come together and produce something. On the other hand, a general and entirely consistent system has not been developed yet. If AMGI achieves its goals, it could be one of the leading companies in this field.