Startup entertainment studio and gaming ecosystem Pixelverse has completed a new round of financing, which was led by a Tier 1 venture capital fund and prominent founders from gaming and Web3, raising a total of $5.5 million. The new funds will be used to fund the development of the Pixelverse gaming ecosystem. Notably, the ecosystem has attracted more than 15 million users in less than a month of operation.
This round of financing was led by Delphi Ventures, Merit Circle and Mechanism Capital, and other investors included Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, Foresight Ventures, The Sandbox founder Sébastien Borget, Luca Netz, Dingaling, DCF GOD, Grail and James Kwon.
The funding round comes at a time of growth for Pixelverse, which has more than 15 million registered users and more than 5 million daily active users for its quest-based Cyberpunk browser and Telegram game.
Pixelverse has become a trailblazer in the Web3 gaming space and is on its way to mainstream adoption. Pixelverse is on track to be the first platform to move 100 million Web2 gamers to its Web3 ecosystem, turning the concept of mass adoption from a simple slogan into reality.
Kori Leon, COO of Pixelverse and former member of the Binance listing team, had the following to say about the funding round: “In my time at Binance, I have never seen a company with such strong adoption metrics in such a short period of time. Pixelverse is a game changer for Web3 adoption, and it’s been incredible to see the growth of our user base and the deep connections and interactions formed within the community. Closing this funding round will enable us to scale our adoption strategy and continue our journey to become the world’s leading gaming and entertainment hub, not just in Web3, but globally.”
Piers Kicks, founding partner at Delphi Ventures, said: “We are delighted to support Pixelverse as they actively leverage Telegram’s distribution channels to bring a large number of users to their ecosystem. The team understands the market dynamics very well and we look forward to seeing what they can achieve as they incorporate community feedback as they deliver on their ambitious roadmap this year.”
Pixelverse plays an important role in the Tap-to-Earn narrative, attracting users to participate regularly through fun Web3 games and mini-app rewards. It is at the intersection of GameFi and SocialFi, and its Tap-to-Earn paradigm has been hailed as the NotCoin of the gaming world.
Over 10 million battles are played every day in Pixelverse’s Telegram mini-app, PixelTap, while the browser-based Pixelverse universe is set to expand to include multiple mini-games and immersive storylines, thanks to the participation of world-renowned art directors and world builders.
About Pixelverse
Pixelverse is a cyberpunk themed entertainment studio and game that makes Web3 fun and accessible to the masses. Pixelverse aims to create a low barrier game that introduces users to Web3, provides true ownership of in-game assets and rewards loyal players, while creating an immersive gaming experience geared towards mass adoption and Web2 gamers.
