Pixelverse Raises $5.5M From Leading VCs to Fund Global Expansion of Web3 Gaming Movement

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Pixelverse Raises $5.5M From Leading VCs to Fund Global Expansion of Web3 Gaming Movement

Seoul, South Korea, June 12th, 2024, Chainwire

Pixelverse, the emerging entertainment studio and game ecosystem, has closed a funding round led by tier-1 VC funds and prominent founders from across the gaming and Web3 space. A total of $5.5M was raised to fund the growth of the Pixelverse gaming ecosystem that has attracted over 15 million users in less than its first month of operation.

Lead investors included Delphi Ventures, Merit Circle, Mechanism Capital. Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures also participated, along with angel investors including Sébastien Borget founder of The Sandbox, Luca Netz, Dingaling, DCF GOD, Grail, and James Kwon.

The venture round arrives at a time when Pixelverse is enjoying record growth. Its quest-based cyberpunk browser and Telegram games now have more than 15 million registered users and over 5M daily active users.

Pixelverse has emerged as a trailblazer in the Web3 gaming landscape, rapidly achieving mainstream adoption. Poised to become the first platform to transition 100 million Web2 gamers to its expansive Web3 ecosystem, Pixelverse is turning the notion of mass adoption from a mere meme into a tangible reality.

Kori Leon, COO of Pixelverse and former Binance Listing team, had this to say about the round:

"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.”

Piers Kicks, founding partner of Delphi Ventures said: “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.”

Pixelverse has been instrumental in pioneering the Tap-to-Earn narrative that rewards regular engagement with fun web3 games and mini apps. It operates at the intersection of GameFi and SocialFi, with its Tap-to-Earn format causing it to be dubbed “the NotCoin of gaming.”

More than 10M battles are waged daily in Pixelverse’s Telegram mini app, called PixelTap. The browser-based Pixelverse realm, meanwhile, is set to be expanded further to encompass a universe replete with multiple mini-games and immersive storytelling thanks to the onboarding of world renowned art director and world builder with further details to be announced soon.

About Pixelverse

Pixelverse is a cyberpunk themed entertainment studio and game ecosystem that’s making web3 fun and accessible to the masses. Pixelverse aims to create a low-barrier entry game to onboard users into web3, offering true ownership of in-game assets and rewarding dedicated players, whilst creating an immersive gaming experience geared towards mass adoption and web2 gamers.

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Dan Edelstein