Pixelverse, a Web3 gaming ecosystem, has secured an additional $2 million in private funding.
The company has initially raised a total of $5.5 million in capital from prominent entities including Delphi Ventures, Merit Circle, and Mechanism Capital, which brings its total funding to $7.5 million.
This new funding round was led by Galaxy Interactive, Crit Ventures, and Arc Community with other individual investors like Alex Kruger, Coco Bear, Luke Belmar, and Mike Dudas.
This new investment aims to fuel the growth of the Pixelverse ecosystem, which includes cyberpunk browser games and games on the Telegram (TON) platform.
Currently, Pixelverse boasts over 70 million registered users, with 13 million actively engaging daily, and aims to expand further.
Kori Leon, Co-Founder and COO of Pixelverse disclosed that the team is working to onboard people to Web3 through game design. Leon said the funds will be used to support the company’s development leading up to this summer’s Token Generation Event (TGE). Pixelverse plans to bring Web3 intellectual properties (IPs) into the real world, making crypto more accessible to users.
Ryan You, Partner and Co-Head of Gaming at Galaxy Interactive, praised Pixelverse’s approach. He highlighted Pixelverse’s potential to drive Web3 adoption within the TON ecosystem, thereby shaping its economy and community.
Moreover, Pixelverse’s latest game, PixelTap, operates on the TON blockchain and is accessible via Telegram. Integrating with Telegram has tapped into its vast network of 700 million users.
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