AMGI Studios raises money to make a metaverse game that bridges Web3 and Hollywood
Interested in learning what's next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. Register today.
AMGI Studios has raised funding to make a non-fungible token (NFT) game and a metaverse that bridges Web3 and Hollywood.
The money comes from Yield Guild Games, Bitkraft Ventures, and Delphi Digital. The amount of the funding was not disclosed.
The animators behind the game are ex-Pixar and Disney. They’re making an NFT project called My Pet Hooligan as well as a mobile app Immi, which will allow players to create real-time animated characters.
The project promises to bring NFTs to life. The funding will be used to further build out AMGI’s the metaverse, the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One.
MetaBeat 2022
MetaBeat will bring together metaverse thought leaders to give guidance on how metaverse technology will transform the way all industries communicate and do business on October 3-4 in San Francisco, CA.
AMGI is also creating a game The Rabbit Hole, a mixture of Grand Theft Auto and Zootopia. The company said it will promote “free, exciting and rebellious gameplay juxtaposed with high-quality animated characters.”
All three investors will also take advisory roles in AMGI, as the team builds out gameplay, in-game ecosystems, and in-game social structures.
AMGI said it is on a mission to combine proprietary technology with high-quality, character-driven animation to create a bridge between Hollywood and the Web3 ecosystem. NFTs use the blockchain to authenticate unique digital items, and Hollywood companies are using them to create rare digital collectibles. That doesn’t
Read more on venturebeat.com
