- Pixelverse raises $5.5 million in an additional funding round.
- The funding round welcomed top VCs in the Web 3 gaming space.
- Funds will be allocated to enhancing the ecosystem’s development and growing adoption.
Web 3 gaming ecosystem and entertainment studio Pixelverse has successfully completed a $5.5 million capital raise from top crypto and Web 3 gaming VCs. The latest capital injection is set to be allocated to improving the development of the gaming ecosystem and fund the expansion of the platform, which ranks as one of the fastest-growing Web 3 platforms today.
The capital raise saw lead investors including Delphi Ventures, Merit Circle, Mechanism Capital. Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures participating. Other angel investors in the round included Sébastien Borget founder of The Sandbox, Luca Netz, Dingaling, DCF GOD, Grail, and James Kwon.
Speaking on the capital raise, Piers Kicks, founding partner of Delphi Ventures said:
“We are pleased to be backing Pixelverse as they aggressively leverage Telegram’s distribution to drive a massive audience into their ecosystem. The team has a finger on the pulse of the market, and we’re excited to see what this in conjunction with community feedback brings as they deliver on their ambitious roadmap this year.”
Pixelverse immerses players in a captivating cyberpunk pixelated universe, offering quest-based battles and PvE encounters. Players embark on an adventure, engaging in battles, collecting valuable items, and improving their skills as they progress through an extensive narrative and quest system.
As of June, the game has enjoyed massive adoption rates from Web 3 gamers, reaching record growth rates. The quest-based browser game and its Telegram mini-games have more than 15 million registered players and over 5 million daily active users, during its first month of operation.
Such huge growth rates saw Kori Leon, COO of Pixelverse and former Binance Listing team member heap huge praise on the project, stating no project comes close to the strong adoption rates Pixelverse has shown in its first month of operation.
“Pixelverse is truly a game changer for web3 adoption and it's incredible to see not only the growth in our userbase but also the deep connections and interactions formed within the community,” Leon added. “Closing this round will allow us to expand our adoption strategy as we continue on our journey to become a leading gaming and entertainment hub not only in the web3 space but globally.”
Shaping the future growth of the Web 3 gaming ecosystem
The latest funding is aimed at setting Pixelverse as the trailblazer to global Web 3 gaming. The company targets to transition over 100 million traditional gamers into the Web 3 space, shifting the calls of “Web 3 gaming is dead” into mass adoption of the innovation.
Via pioneering the Tap-to-Earn initiative that rewards regular engagement with fun web3 games and mini apps, the platform has been able to sway millions of users to the Web 3 gaming space. Pixelverse’s Telegram mini-app, named PixelTap has witnessed more than 10 million battles waged daily.
Notwithstanding, the project is also focusing on improving its browser-based Pixelverse realm by hiring an unnamed world-renowned art director and world-builder to expand its gaming universe, encompassing a universe replete with multiple mini-games and immersive storytelling.
