Pixelverse Raises $2M for Web3 Gaming, Total Funding Hits $7.5M

Points

• Pixelverse secures $2 million in private funding.
• Total funding reaches $7.5 million.
• Investment aims to fuel growth of Web3 gaming ecosystem.

Pixelverse, a Web3 gaming ecosystem, has raised an additional $2 million in private funding, bringing its total funding to $7.5 million. This recent round was led by Galaxy Interactive, Crit Ventures, and Arc Community, with participation from individual investors like Alex Kruger, Coco Bear, Luke Belmar, and Mike Dudas.

Funding and Growth

This funding round follows Pixelverse’s initial raise of $5.5 million from prominent entities such as Delphi Ventures, Merit Circle, and Mechanism Capital. The additional investment aims to support the growth of the Pixelverse ecosystem, which includes cyberpunk browser games and games on the Telegram （TON） platform.

Expanding User Base

Currently, Pixelverse boasts over 70 million registered users, with 13 million actively engaging daily. The team is working to onboard more users to Web3 through innovative game design. The funds will be used to support the company’s development leading up to this summer’s Token Generation Event （TGE）.

Investor Confidence

Ryan You, Partner and Co-Head of Gaming at Galaxy Interactive, praised Pixelverse’s approach, highlighting its potential to drive Web3 adoption within the TON ecosystem. Pixelverse’s latest game, PixelTap, operates on the TON blockchain and is accessible via Telegram, tapping into its vast network of 700 million users.

解説

• Funding Impact: The additional $2 million will accelerate the development and expansion of Pixelverse’s Web3 gaming ecosystem.
• User Engagement: With a large and active user base, Pixelverse is well-positioned to drive Web3 adoption through engaging game design.
• Strategic Investment: The involvement of prominent investors underscores confidence in Pixelverse’s potential to revolutionize Web3 gaming.