Good news for Neopets! The Web3 virtual pet game has confirmed a very profitable start to 2023, raising $4 million in its latest funding round. As confirmed in a January 19, 2023 statement, the company’s latest funding round saw support from companies such as  Polygon Ventures, Avalanche Blizzard Ecosystem Fund, HashKey Capital, and IDG Capital.

How Neopets Will use the Funding 

As per its official statement, the company will use these newly-acquired funds to improve the experience for its players. 

“Their support and faith in our project mean the world to our community, and we are more than excited to work together in making Neopets Metaverse a reality. This milestone marks the beginning of something great. Let’s look forward to a bright and exciting future!” it said.

A post on the project’s Medium page also revealed that Neopets intends to make changes to its game Alpha moving forward. Some of these will include more species of Neopets, more maps for players to explore and more festival-themed surprises. 

That’s not all, as Neopets will be looking into new partnerships and events that will revitalize the space and bring even more people into the community, and as these changes are being made, Neopets has vowed to carry its current community along.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has appeared on sites like BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.