AMGI Studios Raises Funds for Metaverse Initiative

MetaversePlanet August 2, 2022

0 1 minute read

AMGI Studios has successfully secured funding to develop an NFT game and a Metaverse that serves as a connection between Web3 and Hollywood.

The financing comes from notable investors, including Yield Guild Games, Bitkraft Ventures, and Delphi Digital.

While the specific amount of the funding has not been disclosed at this time, the support from these entities signals a significant step forward for AMGI Studios in its endeavors to blend the realms of NFT gaming and the entertainment industry.

AMGI Studios, Metaverse Initiative

AMGI Studios Raises Funds for Metaverse Initiative

The creative minds behind the game include former talents from Pixar and Disney. They have revealed plans for an NFT project titled “My Pet Hooligan” and are concurrently developing a mobile app enabling real-time creation of animated characters. This project is set to incorporate NFT technology.

Funding from investors, specifically those associated with Snow Crash and Ready Player One, will be utilized to further expand AMGI’s Metaverse. This Metaverse envisions a universe of interconnected virtual worlds, drawing inspiration from the novels.

Additionally, the team has commenced work on a game named “The Rabbit Hole,” described as a blend of Grand Theft Auto and Zootopia. The company has announced the impending release of this free and exciting game, featuring animated characters.

All three investors—Yield Guild Games, Bitkraft Ventures, and Delphi Digital—will serve as dedicated advisors to AMGI during the development of in-game ecosystems and social structures. AMGI aims to build a bridge between Hollywood and the Web3 ecosystem, combining technology with high-quality, character-driven animation.

Furthermore, the company plans to utilize NFTs to enable Hollywood companies to create rare digital collections. The creative team comprises artists and creators from Pixar, Disney, and ILM. AMGI has developed animation technology that serves as the core infrastructure for Web3 expansion.

In addition to the recently launched mobile application Immi, AMGI is constructing an Unreal 5 Metaverse world known as “Interloop.

” This digital realm, according to AMGI, will provide an immersive experience. The company has expressed its commitment to bringing other projects with real interoperability, ensuring consistency while empowering creators to craft unique experiences and game modes. “The Rabbit Hole” represents the initial phase of this expansive architecture.