NFT REVIEW Pixelverse Raises $5.5M to Expand Rapidly Growing Gaming Platform

Pixelverse, a rising entertainment studio and game ecosystem, has recently concluded a successful $5.5 million funding round with prominent venture capital firms and well-respected gaming and Web3 pioneers leading the investment. This financial backing will aid in expanding the Pixelverse gaming ecosystem, which has already garnered a massive 15 million users in its first month of launch.

Key Investors and Strategic Backers

Pixelverse is a cyberpunk-inspired gaming ecosystem that strives to make Web3 enjoyable and easily accessible by offering players true ownership of in-game assets and rewards for dedication.

Delphi Ventures, Merit Circle, and Mechanism Capital took the lead in this funding round. Other notable participants were Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures.

The round also drew support from angel investors, including Sébastien Borget (founder of The Sandbox), Luca Netz (Dingaling), DCF GOD, Grail, and James Kwon.

Record Growth and Mainstream Adoption

This funding round comes at a time of record growth for Pixelverse. The platform’s quest-based browser and Telegram games have amassed over 15 million registered users and more than 5 million daily active users.

With the goal of integrating 100 million Web2 gamers into its vast Web3 ecosystem, Pixelverse is becoming a trailblazer in the Web3 gaming landscape and achieving rapid mainstream adoption.

Kori Leon, COO of Pixelverse and former member of Binance’s Listing team emphasized the importance of this achievement, “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.”

“The NotCoin of Gaming”

Operating at the intersection of GameFi and SocialFi, Pixelverse has pioneered Tap-to-Earn in Web3 gaming, rewarding regular engagement with games and mini apps. According to the funding announcement, its Tap-to-Earn format has earned it the nickname “the NotCoin of gaming.”

Piers Kicks, a founding partner at Delphi Ventures, revealed his belief in Pixelverse’s potential, saying, “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.”

As the Pixelverse Universe continues to grow, a huge amount of daily battles, exceeding 10 million, take place daily on PixelTap – their Telegram mini app. And there’s more in store as the browser-based realm plans to expand even further, with an entire universe filled with various mini-games and storytelling. Finally, Pixelverese has hired a renowned art director and world builder whose expertise will be crucial in this expansion.