PixelVerse, a developing game ecosystem and entertainment studio, has concluded a funding round. As per the platform, the funding round, driven by tier-1 venture capital funds and well-known founders within the Web3 and gaming sector, reportedly raised $5.5M to grow the Web3 gaming realm. In addition to this, Pixelverse has allured more than 15M consumers in just its initial operational month.
PixelVerse Obtains $5.5M in a Funding Round to Grow Web3 Gaming across the Globe
The prominent investors took into account Mechanism Capital, Merti Circle, and Delphi Ventures. The other participants included Foresight Ventures, LiquidX, Big Brain Holdings, Ghaf Capital, and Bitscale Capital. In addition to this, some angel investors also participated in the funding round. They included James Kwon, Grail, DCF GOD, Dingaling, Luca Netz, and The Sandbox founder Sebastien Borget.
The funding round takes place at a moment when the platform is witnessing significant progress. The quest-based browser of Pixelverse as well as Telegram games currently possess above 15M registered consumers. Additionally, there are more than 5M regularly active users. The platform has reportedly obtained an important position as an innovator within the Web3 gaming segment.
The Platform Aims at Transitioning 100M Web2 Game Players to the Web3 Ecosystem
It has been swiftly achieving wide adoption in the mainstream. As per the reports, Pixelverse intends to become the earliest forum transitioning 100M Web2 game players to the Web3 ecosystem. In this way, the company is transforming the concept of broad adoption from a meme into a hard reality. Pixelverse chief operating officer Kori Leon, who had also served on the Binance Listing team remarked on this development.
The executive mentioned that he never witnessed a firm with such resilient adoption in just a short time. As per him, Pixelverse operates as a game-changing forum to accelerate Web3 adoption. He added that the platform is growing the user base apart from establishing comprehensive interactions and links within the community.
According to Leon, the conclusion of the respective funding will permit the company to widen the adoption plan. Delphi Ventures’ Piers Kicks stated that they leverage the distribution of Telegram to bring a great number of audiences into the ecosystem. Pixelverse works at the intersection of SocialFi and GameFi with a Tap-to-Earn mechanism.
