Tiny Rebel Games raises $7M to build the Petaverse Network
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You’re probably tired of the metaverse already so maybe you’ll get excited about the petaverse. Tiny Rebel Games is banking on that as it has raised $7 million to build the Petaverse Network.
The company is making cute digital pets, and its aiming to modernize them based on blockchain and metaverse ideas.
The company was started in Los Angeles by Susan Cummings and Lee Cummings, who have two decades of experience making games. They relocated to Newport in Wales in the United Kingdom.
Their goal is to build the Petaverse Network, which ambitiously aims to combine games, XR, and web3 to define an open standard for digital pets in the metaverse, the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One.
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That means taking ideas like those in Nintendogs or Pokemon and bringing them to the blockchain era, where nonfungible tokens (NFTs) let players take ownership of their uniquely authenticated digital goods.
“There were 24 million people playing Nintendogs and loved them, bonded with them, played countless hours with them,” Susan Cummings said. “And then Nintendo moved on from the DS. So Nintendogs is gone. We’re trying to create these resilient pets that aren’t tied to whether we continue to support these games.”
Fabric Ventures led the round. The investment also included participation from an impressive and long list of backers which include Animoca Brands, Dapper Labs, CMT Digital, Sfermion, Spin Master, Skyvision, Fenbushi, A41, Fourth Revolution Capital, Double Peak, Pirata, 6th Man, Ready Player DAO, Triangle Capital, and Sterling
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