Web3 Game Pixelverse Secures Additional $2M in Private Funding
Key Takeaways
- Pixelverse raises $7.5 million in total funding.
- Accessible gaming on Telegram and web platforms.
- Supported by top web3 investors like Galaxy Interactive.
YEREVAN (CoinChapter.com) — Pixelverse, the web3 game ecosystem, has raised an additional $2 million in private funding. This recent investment brings their total funding for this round to $7.5 million. Leading web3 VCs such as Galaxy Interactive, Crit Ventures, and Arc Community, along with several angel investors, participated in this round.
Last month, Pixelverse secured $5.5 million in initial funding. It integrates third-party developers, intellectual properties, and its own projects into a cyberpunk-themed game accessible on both Telegram and web browsers.
Pixelverse Simplifies Crypto Gaming for New Users
Web3 game Pixelverse co-founder Kori Leon shared the company’s mission, stating,
“Crypto is still intimidating for many users, so we are making it accessible to all through gaming mechanics.”
The company plans to expand into Pixelverse media and various product lines to ensure long-term sustainability and profitability.
The strategy to make crypto gaming more accessible involves simplifying the user experience. By offering a game that can be played on platforms like Telegram and web browsers, Pixelverse lowers the barrier to entry for new users.
Strong Investor Backing Boosts Pixelverse’s Growth
The initial $5.5 million funding round was led by venture capital funds in the gaming and web3 space. Delphi Ventures, Merit Circle, and Mechanism Capital were among the primary investors. Additionally, Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures also contributed to the round.
This diverse group of investors shows broad support for Pixelverse’s vision. The additional $2 million further validates Pixelverse’s potential in the web3 gaming ecosystem.
Pixelverse Expands Beyond Telegram with Diverse Web Platform
Beyond its popular Telegram game, Pixelverse offers a comprehensive web-based platform. This platform provides a wide range of activities and interactions for players.
“We are expanding into Pixelverse media and several product lines to ensure the long-term sustainability and profitability of our operations,”
Leon said.
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