Pixelverse, a Web3 gaming ecosystem, has secured an additional $2 million in funding, bringing its total private round to $7.5 million. This funding was provided by several Web3 venture capital firms and prominent angel investors.
Pixelverse Raises $2 Million, Totals $7.5 Million in Private Funding
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Web3 Gaming Platform Pixelverse Secures $2M in Latest Funding Round
Galaxy Interactive, Crit Ventures, and Arc Community contributed to the recent Pixelverse funding round, along with angel investors such as Alex Kruger and Mike Dudas. Pixelverse plans to use the funds to expand its ecosystem, which includes mobile mini-games and media content, to attract more players. According to Pixelverse co-founder and COO Kori Leon, the company aims to make cryptocurrency more accessible through gaming.
“Pixelverse started as a Web3 gaming ecosystem, and we are now bringing Web3 IPs to the real world,” Leon remarked. “ 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 $5.5 million was raised from Delphi Ventures, Merit Circle, and Mechanism Capital. Pixelverse’s games have amassed over 70 million registered users and 13 million daily active users on platforms like Telegram. Ryan You, co-head of Gaming at Galaxy Interactive, praised Pixelverse for its innovative approach to Web3 adoption and interactive entertainment.
Pixelverse is focused on transforming Web3 gaming by leveraging the attention economy. The company combines Telegram’s and The Open Network’s tap-to-earn mechanics with social features to engage millions of players, using popular characters from both crypto-native and traditional IPs.
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