Pixelverse, an emerging force in the entertainment and gaming sector, has successfully closed a $5.5 million funding round aimed at accelerating the growth of its expansive gaming ecosystem. This investment round, led by prominent venture capital firms and distinguished pioneers in gaming and Web3, marks a pivotal moment for Pixelverse as it aims to build on its initial success of attracting over 15 million users within its first month of launch.
Leading Investors and Strategic Backers
Delphi Ventures, Merit Circle, and Mechanism Capital spearheaded the funding round, underscoring confidence in Pixelverse’s vision to blend Web3 innovation with immersive gameplay experiences. The round also saw participation from influential backers such as Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures. Notable angel investors including Sébastien Borget (founder of The Sandbox), Luca Netz (Dingaling), DCF GOD, Grail, and James Kwon further bolstered support for Pixelverse’s ambitious growth trajectory.
Record Growth and Mainstream Appeal
Pixelverse has swiftly carved out a niche in the gaming world with its cyberpunk-themed ecosystem, emphasizing player ownership of in-game assets and rewards tied to engagement. The platform’s browser-based and Telegram-integrated games have attracted a staggering 15 million registered users and boast over 5 million daily active users, highlighting its rapid mainstream adoption.
Kori Leon, COO of Pixelverse and former Binance executive, expressed pride in the platform’s achievements, stating, “Pixelverse is setting new benchmarks in Web3 adoption. Our exponential user growth reflects not only the platform’s appeal but also the vibrant community interactions driving its success.”
Pioneering Tap-to-Earn in Web3 Gaming
Recognized as a leader in GameFi and SocialFi convergence, Pixelverse has innovated with its Tap-to-Earn model within Web3 gaming, earning it comparisons to the disruptive impact of cryptocurrencies. Dubbed “the NotCoin of gaming,” Pixelverse rewards players for active participation across games and mini-apps, fostering a dynamic and engaged user base.
Piers Kicks, founding partner at Delphi Ventures, praised Pixelverse’s forward-thinking approach, stating, “Pixelverse has a keen understanding of market dynamics, and we’re excited to see their roadmap unfold as they harness community feedback to drive innovation.”
Expanding the Pixelverse Universe
Pixelverse’s momentum continues to build with over 10 million daily battles hosted on PixelTap, its popular Telegram mini-app. Plans for expansion include a diverse array of browser-based mini-games and narrative-driven experiences, leveraging the expertise of a newly onboarded art director and world builder to enrich the platform’s immersive universe.
As Pixelverse navigates its growth trajectory, the infusion of capital and strategic expertise sets the stage for further innovation in Web3 gaming, cementing its position as a frontrunner in redefining interactive entertainment through blockchain technology.
