Puffverse

Puffverse is a 3D metaverse platform focused on the gaming and digital property exchange sectors. The company was established in 2022 by a team with roots in Xiaomi, leveraging their experience in platform operations and global data insights to construct a scalable Web3 gaming environment. The initial concept emerged in 2019, driven by the need for social interaction during the global pandemic. One of the co-founders is COO Lya L.

The firm operates a multi-platform universe that seeks to merge Web2 and Web3 gaming experiences. In April 2024, Puffverse secured $3 million in a funding round led by Animoca Brands, with participation from notable investors including Sky Mavis, Arcane Group, The Spartan Group, Foresight Ventures, and HashKey Capital. This capital is intended to enhance its flagship game, PuffGo, and develop a cloud gaming platform. As part of its strategic growth, the company is migrating its portfolio, including its NFTs, from the BNB Chain to the Ronin blockchain, an EVM blockchain tailored for gaming, to improve accessibility and user experience.

Puffverse's primary offering is a portfolio of interconnected games and platforms. The flagship title, PuffGo, is a multiplayer royale party game featuring skill-based gameplay and opportunities for players to earn rewards. The ecosystem's characters, such as Patty the Dinosaur and Claude the Cloud, are collectible NFTs that can be used across various games. A key feature is the emphasis on user-generated content (UGC), allowing players to create their own game maps. The company is advancing this with an Artificial Intelligence-Generated Content (AIGC) model, which will enable users to design game elements through text commands. Other products include PuffTown, a control panel for managing assets; PuffLand, a no-code platform for game creation; and PuffWorld, a tool for building 3D metaverses.

The business model centers on a dual-token economy designed to bridge Web2 and Web3 users. The primary utility token, $PFVS, is used for in-game transactions and accessing platform features. A secondary governance token, vePUFF, is earned by staking $PFVS or through gameplay, granting holders voting rights in the Puff DAO. This structure supports a "Skill to Earn" model, where player earnings are tied to performance to mitigate economic inflation. Revenue is generated from in-game purchases, and the company plans to use net profits from its Web2 versions to support the broader ecosystem through token buybacks and technological development. Keywords: Puffverse, Web3 gaming, metaverse, NFT, play-to-earn, user-generated content, AIGC, Ronin blockchain, PuffGo, GameFi, Lya L, Animoca Brands, Sky Mavis, PFVS token, skill-to-earn, cloud gaming, digital collectibles, decentralized governance, party game, blockchain gaming