Web3 brand and game ecosystem Pixelverse has announced that it has raised an additional $2M in private funding, taking its total raise to $7.5M. The extension to its private round attracted the participation of a host of leading web3 VCs.
The $2M in funding was provided by Galaxy Interactive, Crit Ventures, and Arc Community. In addition, prominent angel investors Alex Kruger, Coco Bear, Luke Belmar, and The Block founder Mike Dudas participated. Funding will be used to expand the growing Pixelverse ecosystem which includes mobile mini-games and media that have attracted millions of players.
Pixelverse Co-Founder and COO Kori Leon said: “Pixelverse started as a web3 gaming ecosystem, and we are now bringing web3 IPs to the real world. Crypto is still intimidating for many users, so we are making it accessible to all through gaming mechanics. We are expanding into Pixelverse media and several product lines to ensure the long-term sustainability and profitability of our operations. This fundraising will support our growth right before our TGE which is coming this summer.”
The initial $5.5M raise drew funding from lead investors that included Delphi Ventures, Merit Circle, and Mechanism Capital. Pixelverse’s quest-based cyberpunk browser and Telegram games have recorded over 70M registered users and 13M daily active users, demonstrating the demand for web3 mobile games within the Telegram and TON ecosystem.
As stated by Ryan You, Partner, and Co-Head of Gaming at Galaxy Interactive: “Pixelverse has brilliantly navigated the critical challenge of disseminating their visionary concepts and products. By driving Web3 adoption around the TON ecosystem and engaging 70 million players across their games and third-party titles on their platform, Pixelverse is effectively managing the economy and community in the new digital age. We are pleased to support Pixelverse in their journey, recognizing their potential to set new benchmarks in the integration of decentralized technologies and interactive entertainment.”
Pixelverse is on a mission to transform web3 gaming through leveraging the attention economy to create highly engaging player experiences. By combining the popularity of Telegram’s tap-to-earn mechanics with novel social features, Pixelverse has rapidly onboarded millions of players to mobile games powered by popular characters from crypto-native and web2 IP.
Pixelverse has emerged as a leading developer of Telegram mini-app games. Its ability to harness the network effects of Telegram’s 700M users while pioneering mass market-friendly games have attracted the attention of VCs seeking exposure to the growing TON ecosystem.
About Pixelverse
Pixelverse is a cyberpunk-themed game ecosystem available on Telegram and web browsers, boasting 70 million players and a robust web3 brand with 14 million social media followers. Pixelverse integrates third-party developers, IPs, and its own projects, featuring RPG elements and PvP battles through its PixelTap Telegram mini-game. The platform also supports notable projects like “Huxley” by Ben Mauro and multichain web3 characters. For more information, visit Pixelverse Telegram Channel or follow on Twitter.
This post was last modified on Jul 12, 2024, 16:49 BST 16:49