The Paris Commercial Court placed Komodor Studios, mother -in -law of Dogami, in receivership on May 27, 2025 (and not March as previously indicated). According to our information, the only recovery offer presented is that of Pyratzlabsthe Startup Studio which had co -founded Dogami in 2021 and which today seeks to buy its assets.
Dogami had established itself as one of the flagship projects of the European Web3 with the ambition of creating a “petaverse” where virtual animals in the form of NFTS could be high and exchanged. Supported by Ubisoft, The Sandbox and Animoca Brands, the company had lifted near 15 million euros And gathered a team of more than twenty people. The game, launched in 80 countries, had federated an active community on Discord and Twitter. But the collapse of the NFTS market in 2022, the fragility of the “Play-to-Earn” model and an unfinished product execution ended up weakening the business, unable to transform the initial crash into sustainable income. Max Tockl informs us that the company has developed “a fully successful product, Dogami Academy, available for download and playable by all. “”
Co -founded by Bilal El Alamy And Thomas BinetruyPyratzlabs was born in 2021 with the ambition to become a catalyst of the French web3. The studio brings together a portfolio of nearly 40 startups, a blockchain and IA school as well as a model of Corporate Venture Studio. Dogami had been the first emblematic project. The takeover offer submitted to the court provides for a repurchase of assets for 25,000 eurosincluding intellectual property, physical stocks and the Swiss subsidiary with nearly 62,000 Swiss cash francs on the date of filing of the recovery file and maintaining 2 of the 3 employees of the company.
For Pyratzlabs, the operation has a defensive dimension, it is a question of preserving a brand and IP to which the studio had contributed from the outset. But the question remains whole, is the revival possible when Pyratzlabs itself has recorded losses since 2022 and the web3 gaming market is stopped?
Dogami had raised near 15 million euros Between 2021 and 2022 with Animoca Brands, Ubisoft, The Sandbox, Xange and several Business Angels. This lifting was to finance its international development and the structuring of its ecosystem, but will not have been enough to stop the reversal of the market.
This article was updated at 3:45 p.m. and 5:48 p.m.
