Pixelverse, has heralded the acquisition of an additional $2M in private capital, thus elevating its total haul to a robust $7.5M. This augmentation to its private funding round captivated a consortium of preeminent Web3 venture capitalists.
Galaxy Interactive, Crit Ventures, and Arc Community provided a $2 million endowment. Additionally, notable angel investors including Alex Kruger, Coco Bear, Luke Belmar, and Mike Dudas, the creator of The Block, contributed to this financial boost. These funds will be used to expand the growing Pixelverse ecosystem, which includes mobile mini-games and media that have captivated millions of fans.
Kori Leon, the COO and Co-Founder of Pixelverse, explained, “Pixelverse started as a Web3 gaming ecosystem and now we are bringing Web3 intellectual properties into the real world. Many people find the crypto world complicated, so we are simplifying it through gaming. We are also expanding into Pixelverse media and various product lines to ensure the long-term success and profitability of our projects. This investment will strengthen our growth as we approach our Token Generation Event scheduled for this summer.”
The initial $5.5 million capital raise attracted investments from prominent entities including Delphi Ventures, Merit Circle, and Mechanism Capital. Pixelverse’s cyberpunk-inspired, quest-driven browser and Telegram games have gained over 70 million registered users and 13 million daily active users, highlighting the increasing demand for Web3 mobile games within the Telegram and TON ecosystem.
Ryan You, Partner and Co-Head of Gaming at Galaxy Interactive, remarked: “Pixelverse has adeptly navigated the quintessential challenge of promulgating their avant-garde visions and commodities. By fostering Web3 adoption within the TON ecosystem and engaging 70 million gamers across their platform, Pixelverse is proficiently orchestrating the digital economy and community in this nascent era. We are elated to champion Pixelverse in their odyssey, recognizing their capacity to set unprecedented benchmarks in the amalgamation of decentralized technologies and interactive entertainment.”
Pixelverse is on a crusade to metamorphose Web3 gaming by capitalizing on the attention economy to engender profoundly engaging player experiences. By fusing the allure of Telegram’s tap-to-earn mechanics with innovative social attributes, Pixelverse has swiftly onboarded millions to mobile games driven by prominent characters from both crypto-native and Web2 intellectual properties.
Emerging as a vanguard in the development of Telegram mini-app games, Pixelverse’s adeptness in leveraging the network effects of Telegram’s 700M users while pioneering games palatable to the mass market has magnetized VCs eager for exposure to the expanding TON ecosystem.