The emerging entertainment studio and gaming ecosystem, Pixelverse, has concluded a fundraising round headed by tier-1 venture capital funds and well-known founders from the Web3 and gaming sectors. Over 15 million users have joined the Pixelverse gaming ecosystem in less than a month after it launched, and $5.5 million has been raised to support its expansion.
Lead investors were Delphi Ventures, Merit Circle, Mechanism Capital. Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures also participated, along with angel investors including Sébastien Borget founder of The Sandbox, Luca Netz, Dingaling, DCF GOD, Grail, and James Kwon.
At the same time as Pixelverse is seeing unprecedented growth, the venture round comes along. With over 15 million registered users and over 5 million daily active users, its quest-based cyberpunk browser and Telegram games are now quite popular.
Pixelverse has become a popular choice among gamers, making waves in the Web3 gaming scene. With Pixelverse positioned to be the first platform to move 100 million Web2 players to its vast Web3 ecosystem, the idea of widespread adoption is becoming a achievable reality.
Regarding the round, Kori Leon, COO of Pixelverse and former Binance Listing team, stated:
“Never in my time at Binance did I see a company with such strong adoption metrics in such a short space of time. 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. 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.”
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 played a key role in launching the Tap-to-Earn story, which offers entertaining web3 games and mini applications as rewards for consistent interaction. It functions at the nexus of GameFi and SocialFi, earning the moniker “the NotCoin of gaming” because of its Tap-to-Earn format.
PixelTap, a Telegram mini app by Pixelverse, hosts over 10 million battles every day. With more information to be revealed shortly, the browser-based Pixelverse universe will soon grow to include a universe full of several mini-games and engaging narrative, due to the addition of a world-famous world builder and art director.