Genopets Raises $8.3m in Seed Round Funding to Bridge the Physical and Digital World

Genopets is honored to announce that they have raised over $8 million from some of the biggest names in gaming and crypto venture capital in order to bridge the physical and digital worlds with a Move-to-Earn mobile game.

The seed funding was co-led by Konvoy Ventures (investors and board observer at Axie Infinity) and Pantera Capital, with participation from Old Fashion Research, Alameda Research, Solana CapitalXoogler VenturesMechanism CapitalCollab+CurrencySpartan GroupAnimoca BrandsOliveXHyperCMT DigitalDeFi AllianceEniac VenturesCMS HoldingsGBV CapitalYield Guild GamesMerit CircleBitscale CapitalInfinity Ventures CryptoEvernew CapitalFundamental LabsValhalla CapitalCinchblockRaptor Capital, and Magnus Capital.

Genopets wants also to acknowledge several notable angel investors from the crypto, gaming, and fitness world, including Prabhakar Reddy (Co-Founder, FalconX), Richard Ma (CEO, Quantstamp), Kevin Lin (Co-Founder, Twitch), John Robinson (President & COO, 100 Thieves), Brian Corrigan (VP and Head of Americas, PUBG Corporation), Keisuke Honda (Professional Japanese footballer) and Melanie Strong, a 19-year veteran executive of Nike.

— Josh Chapman, Managing Partner at Konvoy Ventures.

“Genopets is a liquid digital asset representation of a gamer’s physical activity in the real world. It sits at the intersection of gaming, play-to-earn, and physical activity. This platform connects a gamer’s real-world steps with their progression, customization, and value creation in the Genopet universe. This company’s edge in the gaming market is augmented by an incredible leadership team in Albert, Ben, and Jay. We’re thrilled to invest in and support the team at Genopets for this journey as they build upon play-to-earn with the addition of Move-to-Earn. Great things ahead.” 

— Paul Veradittakit, Partner at Pantera Capital

“Play-to-Earn pinpointed an intersection of gaming and blockchain that has struck a chord with users: earning real money proportional to in-game performance. This is a trend we’ve been monitoring very closely; we believe it’s going to fundamentally transform the established gaming industry and onboard millions of users into the crypto ecosystem. That’s why we’re so excited to be backing Genopets, a cutting-edge game that leverages the viral elements of play-to-earn to reward real-world fitness. Genopets is pioneering a new category of gaming, “Move-to-Earn,” and we’re thrilled to see where it goes from here.” 

Wayne Fu, Managing Partner at OFR, former Head of CorpDev at Binance.

“Genopets is one of those revolutionary projects that binds people’s everyday lives to the blockchain through gaming and NFTs. It’s going to change the way people own and use their health data. As the leading advisor and investor, Old Fashion Research is privileged to be with Genopets from the very beginning.” 

With this round of funding, they plan to expand the team, accelerate their game development, and continue growing with the community. And by joining mainstream audiences with NFT gaming, everyone can have the chance to experience the rewards of play-to-earn.

About Genopets

Genopets is the first free-to-play, Move-to-Earn NFT game that makes it fun and rewarding to live an active lifestyle. Built on Solana, Genopets integrates your daily activity in real life with blockchain Play-to-Earn economics so you can turn your real-life actions into expansive gameplay and earn crypto while doing it.

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