Pixelverse is a cyberpunk-themed entertainment studio and game ecosystem. It aims to make web3 gaming accessible and fun for everyone. The platform offers true ownership of in-game assets and rewards dedicated players. It’s creating an immersive gaming experience designed for mass adoption.
They have successfully raised $5.5 million in a funding round led by prominent VC funds and gaming industry leaders like Sébastien Borget founder of The Sandbox and James Kwon among others. The funds will be used to expand the Pixelverse gaming ecosystem, which has already attracted over 15 million users in less than a month.
The announcement came at a time when Pixelverse is experiencing record growth. The platform’s quest-based cyberpunk browser and Telegram games have more than 15 million registered users and over 5 million daily active users.
“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.”
—Piers Kicks, founding partner of Delphi Ventures
Funding details
The $5.5-million funding round was led by top-tier VC funds including Delphi Ventures, an investment firm that is betting on decentralized technologies, Merit Circle, a decentralized autonomous organization (DAO) focused on revolutionizing the gaming industry, and Mechanism Capital among others.
“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
Tap-to-Earn engagement and plans for the future
The Pixelverse platform has pioneered the Tap-to-Earn narrative. Described as a mix of GameFi and SocialFi, Pixelverse’s Tap-to-Earn format has earned it the nickname “the NotCoin of gaming.”
In Pixelverse’s Telegram mini app, PixelTap, you can join in over 10 million battles each day. The browser-based Pixelverse realm is set to expand further. Users are awaiting the disclosure of a world-renowned art director, and world builder will further enhance the experience.
Conclusion
Pixelverse is making significant strides in the Web3 gaming industry, and the recent $5.5 million funding round will enable further expansion and innovation. Pixelverse takes a unique approach to gaming and strong community engagement. It might very well be on its way to becoming a leading hub for gaming and entertainment for Web3 gamers.
