PixelVerse, an emerging game ecosystem and entertainment studio, has successfully completed a round of funding. The funding round, led by top-tier venture capital firms and renowned figures in the Web3 and gaming industry, has reportedly raised $5.5 million to expand the Web3 gaming landscape. Furthermore, PixelVerse has attracted over 15 million users in its first month of operation.
PixelVerse Secures $5.5M in Funding to Expand Web3 Gaming Worldwide
Notable investors in this funding round include Mechanism Capital, Merti Circle, and Delphi Ventures. Other participants include Foresight Ventures, LiquidX, Big Brain Holdings, Ghaf Capital, and Bitscale Capital. Additionally, angel investors such as James Kwon, Grail, DCF GOD, Dingaling, Luca Netz, and The Sandbox founder Sebastien Borget have also contributed to the funding round.
This funding round comes at a time when the platform is experiencing significant growth. PixelVerse’s quest-based browser and Telegram games have attracted over 15 million registered users, with more than 5 million active users. The platform has established itself as a leader in the Web3 gaming industry.
Platform Aims to Transition 100M Web2 Gamers to Web3 Ecosystem
PixelVerse is rapidly gaining popularity among mainstream audiences. The platform aims to be the first to transition 100 million Web2 gamers to the Web3 ecosystem, turning the concept of widespread adoption into reality. Kori Leon, PixelVerse’s Chief Operating Officer and former Binance Listing team member, commented on this milestone.
Leon expressed astonishment at the platform’s rapid adoption and described PixelVerse as a revolutionary platform that accelerates Web3 adoption. He emphasized the platform’s focus on expanding its user base and fostering strong community interactions.
According to Leon, the completion of this funding round will enable PixelVerse to further its adoption strategy. Piers Kicks from Delphi Ventures highlighted the platform’s use of Telegram to attract a large audience into the ecosystem. PixelVerse operates at the intersection of SocialFi and GameFi, incorporating a Tap-to-Earn mechanism to engage users.