🛣️Exploring Strategic Options Amid Financial Challenges
Read the following Disclaimer carefully before proceeding to read the Whitepaper of DOGAMÍ Sàrl.
As announced on Monday June 2nd 2025 on the @DOGAMI X account, Komodor Studios, the parent company of DOGAMÍ Sàrl that is responsible for DOGAMÍ’s brand and game development, has entered receivership (redressement judiciaire) under French law.
This is a court-supervised restructuring process, not a liquidation. It allows the parent entity to operate under legal protection while searching for a buyer. No assurances can be given that the search succeeds.
DOGAMÍ Sàrl which issues this Whitepaper and which develops the web3 ecosystem/infrastructure for the DOGAMI brand (NFTs, $DOGA use cases & integrations, tokenomics, staking, community ops) is not in insolvency, but its future is naturally linked to the outcome of this process. The Group expects to maintain operations at least until the end of July 2025, but this remains subject to change if circumstances based on external factors evolve.
I. CONTEXT: A CHALLENGING ENVIRONMENT FOR WEB3 GAMING
Since 2021, we have been building DOGAMÍ, a digital-pet universe that blends gaming with Web3 ownership. Our vision was bold: to build a global entertainment IP powered by community, emotional storytelling, and digital ownership.We’ve made major strides: launching three mobile games, growing a passionate community, building a vibrant NFT ecosystem with 25+ different dog breeds, and creating a standout brand in Web3 gaming. But building at the intersection of two industries in transition, gaming and blockchain, comes with real challenges:
Web3 gaming remains early-stage and difficult to scale, with onboarding friction and regulatory uncertainty
Traditional gaming is under macro pressure, with mass layoffs, shuttered studios, and investor caution across the board.
Institutional resistance is real: we were denied a seven-figure R&D tax credit by French authorities because we integrate web3 elements into our game — we appealed and the litigation is ongoing. However, the wheels of justice grind slowly, and we don’t expect to have a decision before 2026.
While various headwinds made scaling DOGAMÍ sustainably a challenge, we believe the foundations we’ve laid can and should be carried forward, ideally by a team or partner equipped for the next chapter.
II. WE ARE IN STRATEGIC DISCUSSION WITH MULTIPLE PARTIES REGARDING THE FUTURE OF DOGAMÍ, INCLUDING THE POSSIBILITY OF A SALE
To ensure DOGAMÍ can keep existing, we are exploring strategic partnerships or an acquisition of the IP and assets: game code, digital assets, brand ecosystem & the Swiss entity DOGAMÍ Sàrl.
Our goal is clear: to find a potential buyer aligned with DOGAMÍ’s long-term vision at scale —whether that’s a game studio, IP aggregator, DAO, Web3-native platform or Web2 media company.
We are currently in confidential discussions with several interested parties, both within and beyond the Web3 ecosystem. These preliminary discussions may not lead to a transaction, and no assurances can be given.
We currently plan to maintain operations at least until the end of July 2025, but this remains subject to change if circumstances based on external factors evolve.
III. WHAT THIS MEANS FOR THE COMMUNITY
We want to be transparent about what this means for you as a community member, token holder, or player:
DOGAMÍ Sàrl, which operates our staking, NFT marketplace, and community services, is not affected by the ongoing receivership of the parent entity (more information below). These services remain live as of today, and we expect to continue supporting them until end of July 2025 at least.
$DOGA utility tokens can be redeemed on the marketplace to buy soft currency, battle passes, etc.
We currently expect to maintain staking reward operations ("Farming for Materials"), subject to operational continuity and applicable laws. - All DOGAMÍ components are non-custodial by design:
Your NFTs and $DOGA tokens remain on-chain in your wallet; some in-game or marketplace features may no longer function if our services cease.
DOGAMÍ does not hold or control your assets.
IV. WHAT'S ACTUALLY HAPPENING BEHIND THE SCENES
Komodor Studios, the parent company responsible for DOGAMÍ’s brand and game development, has entered receivership (redressement judiciaire) under French law. This is a court-supervised restructuring process, not a liquidation. It allows us to operate under legal protection while searching for a buyer.The subsidiary that manages DOGAMÍ’s Web3 infrastructure (NFTs, tokenomics, staking, community ops) is not in insolvency, but its future is naturally linked to the outcome of this process.As part of ongoing restructuring, there are two personnel changes:
Kris, our co-founder and creative mastermind behind the DOGAMÍ IP, will be stepping back from daily operations as of mid-June 2025. From concept art, good vibes & creative partnerships, Kris has poured his heart into building the DOGAMÍ universe. Please join us in thanking him for everything—and wishing him well for what comes next. Max & Adrien continue to operate as co-founders.
Dana, who has supported us as Head of Marketing & who was a highly-engaged long-term community member, has stepped down. We want to express a heartfelt thank you for her support over the years.
We remain proud of the foundation built with our community, deeply grateful for your continued support, and hopeful that the vision we all believed in may still be carried forward. This community has always been our foundation. We are optimistic that the next chapter of DOGAMÍ will emerge.If you know organisations that share our vision and could be interested in acquiring the DOGAMÍ IP, assets, or publishing rights, we welcome intros via the Typeform link below:
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