PixelVerse, an up-and-coming game ecosystem and entertainment studio, has successfully closed a round of funding. This funding round, backed by top-tier venture capital funds and key figures in the Web3 and gaming industries, has reportedly raised $5.5 million to expand the Web3 gaming landscape. In just its first month of operation, Pixelverse has already attracted over 15 million users.
The funding round saw significant investment from Mechanism Capital, Merti Circle, and Delphi Ventures, along with contributions from Foresight Ventures, LiquidX, Big Brain Holdings, Ghaf Capital, and Bitscale Capital. Additionally, several angel investors, including James Kwon, Grail, DCF GOD, Dingaling, Luca Netz, and The Sandbox founder Sebastien Borget, participated in the round.
The timing of the funding round coincides with Pixelverse’s remarkable progress. The platform’s quest-based browser and Telegram games have garnered over 15 million registered users, with more than 5 million active users. Pixelverse has solidified its position as a trailblazer in the Web3 gaming industry.
With a goal of transitioning 100 million Web2 game players to the Web3 ecosystem, Pixelverse is rapidly gaining mainstream adoption. The company aims to turn the idea of widespread adoption from a mere concept into a tangible reality. Kori Leon, Pixelverse’s chief operating officer and a former member of the Binance Listing team, expressed his astonishment at the platform’s swift growth.
Leon highlighted Pixelverse as a transformative platform that is propelling Web3 adoption forward. He emphasized the platform’s mission to expand its user base and foster strong community connections. The recent funding round will enable Pixelverse to further its adoption strategy.
Piers Kicks of Delphi Ventures noted that leveraging Telegram’s reach is crucial in attracting a larger audience to the ecosystem. Pixelverse operates at the intersection of SocialFi and GameFi, incorporating a Tap-to-Earn mechanism to engage users in a unique way.