Key takeaways
Pixelverse raised $5.5M to expand its web3 gaming ecosystem.
Funding round arrives during a period of record growth
Tap-to-Earn rewards users for engaging with web3 games.
Pixelverse is a cyberpunk-themed entertainment studio and game ecosystem making web3 accessible and fun for everyone. It allows users to own in-game assets and rewards dedicated players. Pixelverse has successfully closed a $5.5 million funding round to support the growth of its gaming ecosystem, aiming for mass adoption.
Pixelverse, the emerging game ecosystem and entertainment studio, raised $5.5M from top VCs and Web3 founders. Investors include @Delphi_Digital , @MeritCircle_IO , @MechanismCap , @BitscaleLabs and more, along with angel investors like @borgetsebastien , @dingalingts ,… pic.twitter.com/v1vR93QtPe
— Pixelverse (@pixelverse_xyz) June 12, 2024
Tier-1 VC funds and gaming founders
The lead investors in this round included Delphi Ventures, Merit Circle, and Mechanism Capital. Other contributors were Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures. Angel investors like Sébastien Borget from The Sandbox, Luca Netz, Dingaling, DCF GOD, Grail, and James Kwon also participated.
The funding round arrives during a period of record growth for Pixelverse. The platform’s quest-based cyberpunk browser and Telegram games have over 15 million registered users and more than 5 million daily active users within its first month.
Novel approach
Pixelverse is pioneering a new trend in Web3 gaming with its Tap-to-Earn model. This approach rewards users for regular engagement with fun web3 games and mini-apps. More than 10 million battles are fought daily in Pixelverse’s Telegram mini app, PixelTap. The browser-based realm is set to expand with more mini-games and storytelling with the onboarding of a renowned art director and world builder.
"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.”—Kori Leon, COO of Pixelverse and former member of the Binance Listing team
Piers Kicks, the founding partner of Delphi Ventures, expressed excitement about supporting Pixelverse's use of Telegram’s distribution to attract a large audience and anticipates that their market insights combined with community feedback will drive their ambitious roadmap this year.
Conclusion
The recent $5.5 million funding round will help Pixelverse to expand its web3 gaming ecosystem further. The funds will positively affect adoption and user engagement. Pixelverse is on its way to becoming the leader in web3 gaming despite already being on a record-breaking run.