Pixelverse, the entertainment studio and game ecosystem based in Seoul, recently closed a successful funding round, raising $5.5M from top-tier venture capital funds and notable founders in the gaming and Web3 spaces. The capital injection is intended to support the global expansion of the Pixelverse gaming ecosystem, which has already attracted over 15 million users in its first month of operation. The funding round was led by investors such as Delphi Ventures, Merit Circle, and Mechanism Capital, with participation from others including Bitscale Capital, Ghaf Capital, Big Brain Holdings, and more.
With its quest-based cyberpunk browser and Telegram games, Pixelverse is experiencing record growth, with over 15 million registered users and more than 5 million daily active users. Kori Leon, the COO of Pixelverse and former member of the Binance Listing team, expressed excitement about the funding round, emphasizing the platform’s potential to drive Web3 adoption. The platform has become a leading gaming and entertainment hub globally and is focused on expanding its adoption strategy to continue its growth.
Piers Kicks, founding partner of Delphi Ventures, commended Pixelverse for its innovative approach in leveraging Telegram’s distribution to attract a large audience to its ecosystem. The company’s Tap-to-Earn narrative, which rewards users for regular engagement with Web3 games and mini-apps, has gained popularity and earned it the nickname “the NotCoin of gaming.” This unique format operates at the intersection of GameFi and SocialFi, creating a new and engaging gaming experience for users.
Pixelverse’s Telegram mini-app, PixelTap, sees over 10 million battles waged daily, showcasing the platform’s popularity and engagement levels. The browser-based Pixelverse realm is set to expand further, offering multiple mini-games and immersive storytelling, thanks to the addition of a world-renowned art director and world builder. The company aims to make Web3 accessible and enjoyable for all users, providing true ownership of in-game assets and rewarding dedicated players while driving mass adoption and attracting Web2 gamers.
Overall, Pixelverse is at the forefront of revolutionizing the gaming industry by providing a unique and engaging Web3 experience for users worldwide. With its successful funding round and growing user base, the company is well-positioned to continue its growth and establish itself as a leading gaming and entertainment hub in the industry. For more information about Pixelverse and its innovative gaming offerings, visit their website.
