Pixelverse secures $5.5M in funding to fuel growth and accelerate mass adoption of Web3 gaming

Web3 gaming continues to dominate even as traditional gaming giants struggle to keep up. Now, Pixelverse, an emerging entertainment studio and game ecosystem, just ignited the scene with a multi-million dollar investment that promises to accelerate the mass adoption of Web3 gaming, potentially drawing millions of gamers into the world of blockchain-powered ownership and economies.

Today, Pixelverse announced it has closed a $5.5 million funding round led by top-tier VC funds and influential founders from the gaming and Web3 sectors. This investment will fuel the expansion of Pixelverse’s rapidly growing ecosystem, which has already attracted over 15 million users within its first month of operation.

Leading the round were Delphi Ventures, Merit Circle, and Mechanism Capital, with participation from Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures. Angel investors, including Sébastien Borget (founder of The Sandbox), Luca Netz, Dingaling, DCF GOD, Grail, and James Kwon, also backed the round.

Pixelverse’s growth has been staggering, with its quest-based cyberpunk browser and Telegram games amassing more than 15 million registered users and over 5 million daily active users. Positioned as a trailblazer in the Web3 gaming landscape, Pixelverse is on track to become the first platform to transition 100 million Web2 gamers to its expansive Web3 ecosystem, transforming the idea of mass adoption from a mere concept into a tangible reality.

Kori Leon, COO of Pixelverse and former Binance Listing team member, said, “Never in my time at Binance did I see a company with such strong adoption metrics in such a short space of time. Pixelverse is truly a game changer for Web3 adoption. It’s incredible to see not only the growth in our user base but also the deep connections and interactions formed within the community. Closing this round will allow us to expand our adoption strategy as we continue on our journey to become a leading gaming and entertainment hub, not only in the Web3 space but globally.”

Piers Kicks, founding partner of Delphi Ventures, added, “We are pleased to be backing Pixelverse as they aggressively leverage Telegram’s distribution to drive a massive audience into their ecosystem. The team has a finger on the pulse of the market, and we’re excited to see what this, in conjunction with community feedback, brings as they deliver on their ambitious roadmap this year.”

Pixelverse has been instrumental in pioneering the Tap-to-Earn narrative, rewarding regular engagement with fun Web3 games and mini apps. Operating at the intersection of GameFi and SocialFi, its Tap-to-Earn format has earned it the nickname “the NotCoin of gaming.”

Over 10 million battles are waged daily in Pixelverse’s Telegram mini app, PixelTap. The browser-based Pixelverse realm is set for further expansion, promising a universe filled with multiple mini-games and immersive storytelling. World-renowned art directors and world builders will soon be onboarded to enhance this experience.

Founded in 2020 in Seoul, South Korea, Pixelverse is a cyberpunk-themed entertainment studio and game ecosystem making Web3 fun and accessible to the masses. To create low-barrier entry games that onboard users into Web3, Pixelverse offers true ownership of in-game assets and rewards dedicated players while crafting an immersive gaming experience geared towards mass adoption and Web2 gamers.

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