Pixelverse raises 55 million from leading VCs to advance Web3 gaming
Pixelverse, the innovative studio for entertainment and gaming, has successfully concluded a significant funding round, securing $5.5 million, as per the latest reports shared with Finbold on June 12.
The funding round witnessed the participation of prominent venture capital firms and key figures in the gaming and Web3 industries, indicating a strong vote of confidence in Pixelverse.
Leading the investment round were Delphi Ventures, Merit Circle, and Mechanism Capital, with additional contributions from Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, Foresight Ventures, and others.
Noteworthy Developments for Pixelverse
This funding achievement comes at a time of remarkable growth for Pixelverse. Since its inception, the platform’s browser and Telegram games have captivated over 15 million users, with more than 5 million actively engaging with the platform on a daily basis.
Pixelverse is swiftly cementing its position as a frontrunner in the Web3 gaming realm, with plans to attract around 100 million Web2 gamers to its ecosystem in the near future.
Kori Leon, the COO of Pixelverse and a former member of Binance’s Listing team, conveyed his enthusiasm about the swift adoption:
“During my tenure at Binance, I never witnessed a company with such impressive adoption metrics within such a short period. Pixelverse is undeniably a game-changer for web3 adoption, and it’s amazing to witness not only the growth in our user base but also the strong connections and interactions established within the community. Completing this round will enable us to enhance our adoption strategy as we strive to emerge as a premier gaming and entertainment hub, not just in the web3 space but globally.”
Piers Kicks, the founding partner of Delphi Ventures, echoed similar sentiments, stating:
“We are thrilled to support Pixelverse as they harness Telegram’s distribution to attract a vast audience to their ecosystem. The team has a keen understanding of the market, and we are eager to witness the outcomes of this, coupled with community feedback, as they progress on their ambitious roadmap this year.”
Innovative Web3 Tap-to-Earn Model
Pixelverse has been at the forefront of the Tap-to-Earn model, rewarding users for their participation in Web3 games and mini apps. Positioned at the intersection of GameFi and SocialFi, its inventive approach has earned it the moniker “the NotCoin of gaming.”
Every day, over 10 million battles take place in Pixelverse’s Telegram mini app, PixelTap. The browser-based Pixelverse realm is also poised for expansion with the involvement of a renowned art director and world builder.