Pixelverse raises $5.5 million in venture capital to fund Web3 gaming expansion
Pixelverse, the emerging entertainment studio and gaming ecosystem, has closed a funding round led by Tier-1 VC funds and prominent founders from the gaming and web3 industries. A total of $5.5 million was raised to fund the growth of the Pixelverse gaming ecosystem, which has attracted over 15 million users in less than its first month of existence.
Key investors included Delphi Ventures, Merit Circle, Mechanism Capital. Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX and Foresight Ventures have also participated, as have angel investors such as Sébastien Borget, founder of The Sandbox, Luca Netz, Dingaling, DCF GOD, Grail and James Kwon.
The funding round comes at a time when Pixelverse is experiencing record growth. The quest-based cyberpunk browser and Telegram games now have more than 15 million registered users and over 5 million daily active users.
Pixelverse has established itself as a trailblazer in the Web3 gaming landscape and is quickly achieving widespread adoption. Pixelverse is on track to become the first platform to convert 100 million Web2 players into its expansive Web3 ecosystem, transforming the notion of mass adoption from a mere meme into a tangible reality.
Kori Leon, COO of Pixelverse and former Binance Listing Team, said the following about the round:
“Never in my time at Binance have I seen a company with such strong adoption metrics in such a short period of time. Pixelverse is truly a game changer for Web3 adoption and it is incredible to see not only the growth of our user base, but also the deep connections and interactions that have formed within the community. Closing this round will allow us to expand our adoption strategy as we continue our journey to become a leading gaming and entertainment hub not only in the Web3 space, but globally to become.”
Piers Kicks, founding partner at Delphi Ventures, said: “We’re excited to back Pixelverse as they aggressively leverage Telegram’s distribution to bring large audiences to their ecosystem. The team has their finger on the pulse of the market and we’re excited to see what this, combined with community feedback, brings as they execute on their ambitious roadmap this year.”
Pixelverse was instrumental in developing the Tap-to-Earn concept, which rewards regular engagement with fun Web3 games and mini-apps. Pixelverse operates at the intersection of GameFi and SocialFi and is known as the “NotCoin of gaming” due to its tap-to-earn format
Pixelverse’s Telegram mini-app, called PixelTap, hosts more than 10 million battles every day. Meanwhile, the browser-based Pixelverse world continues to expand to create a universe filled with numerous mini-games and captivating stories. A world-famous art director and world builder has been brought on board for this purpose, and further details will be announced shortly.
About Pixelverse
Pixelverse is a cyberpunk entertainment studio and gaming ecosystem that makes Web3 accessible to the masses. Pixelverse aims to create a low-barrier game to engage users in Web3 by providing real ownership of in-game assets and rewarding dedicated players, while creating an immersive gaming experience aimed at mass adoption and Web2 gamers.
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