Pixelverse Raises $5.5 Million from Top VCs for Global Expansion of Web3 Gaming Ecosystem

Original source: Pixelverse

Emerging entertainment studio and gaming ecosystem Pixelverse has completed a round of financing led by top VC funds and well-known founders from the gaming and Web3 fields. This round of financing raised a total of US$5.5 million to support the growth of the Pixelverse gaming ecosystem, which attracted more than 15 million users in the first month of operation.

Main investors in this round of financing include Delphi Ventures, Merit Circle and Mechanism Capital. In addition, well-known investment institutions such as Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX and Foresight Ventures also participated in this financing. The round also saw participation from several angel investors, including Sébastien Borget, founder of The Sandbox, and blockchain luminaries Luca Netz, Dingaling, DCF GOD, Grail, and James Kwon.

This round comes at a time of record growth for Pixelverse, whose quest-based cyberpunk browser and Telegram games now have over 15 million registered users and over 5 million daily active users.

Pixelverse is rapidly emerging and achieving mainstream adoption in the Web3 gaming space. On track to be the first platform to move 100 million Web2 gamers to the Web3 ecosystem, Pixelverse is transforming the concept of mass adoption from a mere internet meme to reality.

Kori Leon, COO of Pixelverse and former member of Binance's listing team, said of the round of financing, "During my time at Binance, I have never seen a company achieve such remarkable adoption results in such a short period of time. Pixelverse has completely changed the adoption model of Web3. Not only is the user base growing rapidly, but the deep connection and interaction between community members are also constantly strengthening. This round of financing will enable us to expand our promotion strategy and move towards becoming a leading gaming and entertainment center not only in the web3 field, but also globally."

Piers Kicks, founding partner at Delphi Ventures, said: "We are delighted to support Pixelverse, who have cleverly used Telegram's distribution channels to introduce a large number of users to their ecosystem. The team has a strong insight into the market and we look forward to seeing them deliver on their ambitious roadmap this year based on community feedback."

Pixelverse has played an important role in popularizing the Tap-to-Earn model, which rewards users for regular engagement through fun Web3 games and mini-apps. It brings together GameFi and SocialFi, which has been hailed as the "NotCoin of the gaming world" with its Tap-to-Earn model.

More than 10 million battles are played every day in Pixelverse's Telegram mini-app PixelTap. At the same time, the browser-based Pixelverse space will also be further expanded to cover multiple mini-games and immersive storylines, thanks to the participation of top art directors and developers, details of which will be announced later.

About Pixelverse

Pixelverse is a cyberpunk-themed entertainment studio and gaming ecosystem dedicated to making Web3 technology fun and accessible to the masses. Pixelverse aims to create a low-barrier game that allows players to easily enter the world of Web3, experience true ownership of in-game assets, and reward loyal players with a reward mechanism. At the same time, Pixelverse is committed to creating an immersive gaming experience that aims to attract a wider user base, including those from the Web2 field, and promote the popularization and adoption of Web3 technology.

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