Pixelverse, the entertainment studio and game ecosystem, has successfully completed a significant funding round, raising $5.5 million, according to the latest updates disclosed to Finbold on June 12.
The round saw participation from top-tier venture capital funds and notable figures in the gaming and Web3 sectors, signaling strong confidence in Pixelverse.
Leaders of the investment round included Delphi Ventures, Merit Circle, and Mechanism Capital, while other participants included Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, Foresight Ventures, and others.
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Unprecedented growth for Pixelverse
This funding milestone coincides with a period of unprecedented growth for Pixelverse.
Since its launch, the platform’s browser and Telegram games have attracted over 15 million users, with more than 5 million engaging with the platform daily.
Pixelverse is quickly establishing itself as a leader in the Web3 gaming world, potentially migrating 100 million Web2 gamers to its ecosystem soon.
Kori Leon, COO of Pixelverse and a former member of Binance’s Listing team, expressed excitement about the rapid adoption:
“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, echoed his colleague’s sentiment, stating:
“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.”
Web3 Tap-to-Earn model
Pixelverse has been a pioneer in the Tap-to-Earn model, rewarding users for their engagement with Web3 games and mini apps.
Positioned at the nexus of GameFi and SocialFi, its innovative approach has earned it the nickname “the NotCoin of gaming.”
Every day, over 10 million battles are fought in Pixelverse’s Telegram mini app, PixelTap.
The browser-based Pixelverse realm is also set to expand thanks to the involvement of a renowned art director and world builder.
