TL;DR
- Pixelverse has secured an additional $5.5 million in funding, bringing its total to $7.5 million, with investments from Galaxy Interactive, Crit Ventures, and Arc Community.
- The platform has more than 70 million registered users and 13 million daily active users.
- The company aims to ensure its long-term sustainability by expanding into new product lines and bringing Web3 IPs to the real world.
Pixelverse, the renowned Web3 brand and game ecosystem, has successfully secured an additional $5.5 million in private funding, bringing its total funds raised to $7.5 million, according to the latest reports. The new investments come from Galaxy Interactive, Crit Ventures, and Arc Community, with participation from investors such as Alex Kruger, Coco Bear, Luke Belmar, and Mike Dudas, founder of The Block.
The new funding round is intended to finance the expansion of the Pixelverse ecosystem, which currently boasts millions of players. The company has earned its place with its cyberpunk-themed games available for browsers and Telegram, which have attracted over 70 million registered users and 13 million daily active users. The platform has capitalized on the strong demand for Web3 mobile games within the Telegram ecosystem.
Kori Leon, co-founder and COO of Pixelverse, stated that the company’s goal is to ensure the long-term sustainability and profitability of its operations. According to Leon, the platform started as a Web3 gaming ecosystem and is now bringing Web3 intellectual properties to the real world. He emphasized the importance of making cryptocurrencies accessible to everyone through gaming mechanics, and mentioned that they are expanding into several product lines.
Pixelverse Has 13 Million Active Users
The transformation of Pixelverse’s Web3 gaming ecosystem focuses on leveraging the attention economy to create highly engaging experiences. Ryan You, partner and co-head of gaming at Galaxy Interactive, praised their ability to effectively manage both the economy and their community. You highlighted that the company has successfully addressed the critical challenge of disseminating their visionary concepts and products, greatly driving Web3 adoption around the TON ecosystem and attracting millions of players through their games and third-party titles on their platform.
Pixelverse has managed to integrate “tap-to-earn” mechanics with social features in their games, which has allowed millions of players to join mobile games featuring popular characters from both crypto and Web2 IPs. This approach has caught the attention of venture capitalists keen on tapping into the growing interest in the TON ecosystem.
This new funding will support Pixelverse’s growth as it prepares for its token generation event (TGE), scheduled for this summer. With the financial boost, the platform will continue to lead the industry and attract a massive audience to the Telegram ecosystem.
