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Pixelverse recently announced the successful acquisition of an additional $2 million in private capital, raising its total funding to a robust $7.5 million. This latest financial boost comes from a consortium of leading Web3 venture capitalists, including Galaxy Interactive, Crit Ventures, and Arc Community. Additionally, notable angel investors such as Alex Kruger, Coco Bear, Luke Belmar, and Mike Dudas, founder of The Block, also contributed.
These new funds will be used to expand the Pixelverse ecosystem, which includes mobile mini-games and media that have already captivated millions of fans. The company’s COO and Co-Founder, Kori Leon, highlighted the strategic importance of this investment. “Pixelverse started as a Web3 gaming ecosystem, and now we are bringing Web3 intellectual properties into the real world,” Leon explained. “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.”
The initial $5.5 million capital raise saw investments from prominent entities such as 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. This growth underscores the increasing demand for Web3 mobile games within the Telegram and TON ecosystem.
Ryan You, Partner and Co-Head of Gaming at Galaxy Interactive, praised Pixelverse’s approach. “Pixelverse has adeptly navigated the quintessential challenge of promulgating their avant-garde visions and commodities,” You remarked. “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 mission to revolutionize Web3 gaming by capitalizing on the attention economy to create profoundly engaging player experiences. By merging the allure of Telegram’s tap-to-earn mechanics with innovative social features, Pixelverse has swiftly onboarded millions to mobile games driven by prominent characters from both crypto-native and Web2 intellectual properties.
As a leader in developing Telegram mini-app games, Pixelverse’s expertise in leveraging Telegram’s 700 million users while pioneering games for the mass market has attracted VCs eager for exposure to the growing TON ecosystem. With the additional funding and ongoing developments, Pixelverse aims to set new standards in Web3 gaming and media, paving the way for a future where decentralized technologies and interactive entertainment converge seamlessly.