Category: News, NFT News

Pixelverse Secures $5.5M Funding Round to Accelerate Web3 Gaming

Kori Leon, COO of Pixelverse believes the latest funding round will be a key point in expanding the adoption of Web 3 gaming, and particularly, set Pixelverse on its path to becoming a leader in gaming and entertainment globally.

Pixelverse, a blockchain-based pixelated P2E game, announced a successful $5.5 million funding round led by top-tier VCs across the Web 3 gaming space. Announced Tuesday, the capital raise was led by  Delphi Ventures, with participation from Merit Circle, Mechanism Capital. Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures.

Other investors during the round include  Sébastien Borget founder of The Sandbox, Luca Netz, Dingaling, DCF GOD, Grail, and James Kwon.

The capital raise is expected to fund the growth of the Pixelverse gaming ecosystem and help expand the adoption of the game and its entertainment studio. This follows a successful first month of operation for the platform, whereby the ecosystem recorded over 15 million new users to its platform and 5 million daily active users.

On the latest funding raise, Kori Leon, COO of Pixelverse and former Binance Listing team, praised the rapid growth of Pixelverse stating:

“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.”

In a similar breath of praise, Piers Kicks, founding partner of Delphi Ventures, stated the potential of Pixelverse to drive forward the Web 3 gaming ecosystem, saying:

 “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.”

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Following the capital funding increase, Pixelverse plans to further expand its adoption strategy with the goal of becoming an industry leader in gaming and entertainment globally. The platform targets 100 million Web 2 gamers to join the platform in the coming years, transforming the Web 3 gaming landscape into a mainstream entertainment hub.

Apart from the additional funds, Pixelverse also announced plans to enhance the development of its Telegram-based mini-game, PixelTap, which introduced the concept of Tap-to-Earn. The game operates at the intersection of GameFi and SocialFi,  allowing users to simply click a button to earn rewards.

Lastly, the platform also announced the employment of a world-renowned art director and world builder (not disclosed), who is set to revolutionize the Pixelverse browser-based game by creating a universe replete with multiple mini-games and immersive storytelling.

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