Pixelverse, an emerging entertainment studio and game ecosystem, has raised $5.5 million in a recent funding round. This impressive capital injection aims to fuel the global growth of Pixelverse, which has attracted over 15 million users in its first month.
It is a cyberpunk-themed entertainment studio and game ecosystem, making Web3 fun and accessible to the masses. It aims to create a low-barrier entry game to onboard users into Web3, offering true ownership of in-game assets and rewarding dedicated players while creating an immersive gaming experience geared towards mass adoption and Web2 gamers.
Major Investors Back Pixelverse’s Vision
Leading the funding round were prominent investors Delphi Ventures, Merit Circle, and Mechanism Capital. Other significant participants included Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures. The round also saw contributions from influential angel investors like Sébastien Borget, founder of The Sandbox, and other notable figures from the gaming and Web3 sectors.
Rapid Growth and User Adoption
Pixelverse has seen record growth with its quest-based cyberpunk browser and Telegram games. The platform now boasts over 15 million registered users and more than 5 million daily active users. This rapid adoption highlights the platform’s appeal and potential for mass adoption.
Kori Leon, COO of Pixelverse and former member of the Binance Listing team, shared his excitement:
“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 user base but also the deep connections and interactions formed within the community.”
Strategic Expansion and Innovation
With the new funding, Pixelverse plans to expand its adoption strategy, aiming to become a leading global gaming and entertainment hub. Piers Kicks, founding partner of Delphi Ventures, emphasized the strategic advantage of leveraging Telegram’s distribution to drive a massive audience into the Pixelverse ecosystem. He praised the team for their market insight and looked forward to their ambitious roadmap for the year.
Pioneering Tap-to-Earn Gaming
Pixelverse has been at the forefront of the Tap-to-Earn movement, rewarding users for regular engagement with fun Web3 games and mini-apps. This unique approach, operating at the intersection of GameFi and SocialFi, has earned Pixelverse the nickname “the NotCoin of gaming.” Currently, more than 10 million battles are waged daily in Pixelverse’s Telegram mini-app, PixelTap.
The browser-based Pixelverse realm is set to expand further, featuring multiple mini-games and immersive storytelling. The onboarding of a world-renowned art director and world builder promises to enhance the gaming experience, making it even more engaging for users.
