The capital will further expand the development of the gaming ecosystem and enhance the adoption rates of Pixelverse globally.
Pixelverse, a rising blockchain-based play-to-earn game, announced the successful closure of its latest funding round, adding $5.5 million to its capital base. The additional funds are set to improve development across its gaming ecosystem and entertainment studio, to further Web 3 gaming adoption globally.
The capital raise welcomed some of the top-tier VC firms across the Web 3 ecosystem, including Delphi Ventures, Merit Circle, Mechanism Capital. Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures. The funding round also saw participation from angel investors such as Sébastien Borget founder of The Sandbox, Luca Netz, Dingaling, DCF GOD, Grail, and James Kwon.
According to Piers Kicks, founding partner of Delphi Ventures, the latest funding is expected to drive massive developments and adoption rates to Pixelverse, further cementing its place as one of the fastest-growing Web 3 games globally. Speaking on Delphi Ventures’ latest funding, Kicks added:
“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.”
The game involves an immersive cyberpunk pixelated universe that offers captivating quest-based battles and PvE encounters. Players engage in adventure-intensive battles, collecting valuable items, and improving their skills as they progress through an extensive narrative and quest system. The latest capital raise follows a spectacular opening month for the Pixelverse gaming ecosystem, where the ecosystem welcomed over 15 million users and a further 5 million active daily users.
Speaking on the massive player growth numbers, Kori Leon, COO of Pixelverse and former Binance Listing team said:
"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 funding is expected to expand Pixelverse’s adoption strategy, with a goal of bringing over 100 million players to the ecosystem – making it one of the world’s largest games.
“Closing this round will allow us to expand our adoption strategy as we continue on our journey to become a leading gaming and entertainment hub not only in the web3 space but globally,” Leon added.
Apart from its explosive growth numbers, Pixelverse has also witnessed massive developments on its platform. By introducing the Tap-to-Earn mechanism, via its Telegram-based mini-game, PixelTap, players can earn rewards by simply clicking and fighting other players in real time. So far, PixelTap records more than 10 million battles daily.
Finally, Pixelverse is also planning to expand its browser-based Pixelverse realm to encompass a universe replete with multiple mini-games and immersive storytelling. According to the team statement, the latest changes are in line with the employment of a world-renowned art director and world builder, who will work on the project.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
