Pixelverse raises 55 million from leading VCs to advance Web3 gaming
Pixelverse, an entertainment studio and game ecosystem, has recently concluded a successful funding round, securing an impressive $5.5 million in investments as per the latest reports shared with Finbold on June 12th.
The funding round witnessed the participation of prominent venture capital funds 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, among others.
This financial milestone comes during a period of unprecedented growth for Pixelverse. Since its inception, the platform’s browser and Telegram games have attracted over 15 million users, with more than 5 million 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 potentially onboard 100 million Web2 gamers to its ecosystem in the near future.
Kori Leon, the Chief Operating Officer of Pixelverse and a former member of Binance’s Listing team, expressed enthusiasm about the rapid adoption rates, highlighting the strong growth in user base and community interactions. Securing this funding will enable Pixelverse to further expand its adoption strategy and solidify its position as a leading gaming and entertainment hub globally.
Piers Kicks, the founding partner of Delphi Ventures, echoed these sentiments, emphasizing the team’s understanding of the market dynamics and their ambitious roadmap for the future.
Pixelverse has been at the forefront of the Tap-to-Earn model, rewarding users for their engagement with Web3 games and mini-apps. Positioned at the intersection of GameFi and SocialFi, its innovative approach has earned it the moniker “the NotCoin of gaming.” With over 10 million battles fought daily in Pixelverse’s Telegram mini app, PixelTap, and plans to expand its browser-based realm with the expertise of a renowned art director and world builder, the future looks promising for Pixelverse.
