Pixelverse, an emerging entertainment studio and gaming ecosystem, recently closed a successful $5.5 million funding round with leading venture capital firms and respected gaming and Web3 pioneers leading the investment. This financial support will help expand the Pixelverse gaming ecosystem, which has already amassed a whopping 15 million users in the first month of launch.
Major investors and strategic financiers
Pixelvers is a cyberpunk-inspired gaming ecosystem that aims to make Web3 enjoyable and easily accessible by offering players real ownership of in-game assets and rewards for dedication.
Delphi Ventures, Merit Circle and Mechanism Capital took the lead in this financing round. Other notable participants included Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX and Foresight Ventures.
The round also received support from angel investors including Sébastien Borget (founder of The Sandbox), Luca Netz (Dingaling), DCF GOD, Grail and James Kwon.
Record growth and mainstream adoption
This funding round comes at a time of record growth for Pixelverse. The platform’s quest-based browser and Telegram games have amassed more than 15 million registered users and more than 5 million daily active users.
With a goal of integrating 100 million Web2 gamers into its massive Web3 ecosystem, Pixelverse is becoming a pioneer in the Web3 gaming landscape and achieving rapid mainstream adoption.
Kori Leon, COO of Pixelverse and former member of Binance’s Listing team, emphasized the importance of this achievement: “Never in my time at Binance have I seen a company with such strong adoption metrics in such a short 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 formed within the community.”
“The non-currency of gaming”
Operating at the intersection of GameFi and SocialFi, Pixelverse is a pioneer of Tap-to-Earn in Web3 gaming, rewarding regular engagement with games and mini-apps. According to the funding announcement, its Tap-to-Earn format has earned it the nickname “the NotCoin of gaming.”
Piers Kicks, one of the founders of Delphi Ventures, revealed his belief in Pixelverse’s potential, saying: “The team has its finger on the pulse of the market and we’re excited to see what this, combined with feedback from the community, when they deliver on their ambitious roadmap this year.”
As the Pixelverse universe continues to grow, a large number of daily battles take place every day, more than 10 million. PixelTap – their Telegram mini app. And there’s even more in store as the browser-based empire plans to expand even further, with an entire universe filled with different mini-games and stories. Finally, Pixelverese has hired a renowned art director and world builder whose expertise will be crucial in this expansion.