Pixelverse Raises $2M for Web3 Gaming, Total Funding Hits $7.5M

As a crypto investor with a background in gaming and Web3 technologies, I’m thrilled to see Pixelverse’s latest funding announcement. With over $7.5 million in total capital raised, this company is poised for significant growth in the rapidly expanding Web3 gaming ecosystem.


Pixelverse, a Web3 gaming ecosystem, has secured an additional $2 million in private funding.

As a researcher, I’ve discovered that the company has secured an initial investment of $5.5 million from esteemed investors such as Delphi Ventures, Merit Circle, and Mechanism Capital. With this latest infusion of funds, the company’s total capital raised now stands at an impressive $7.5 million.

In this latest financing stage, Galaxy Interactive, Crit Ventures, and Arc Community served as the main investors, joined by individuals such as Alex Kruger, Coco Bear, Luke Belmar, and Mike Dudas.

As a researcher looking back over the past month, I’m thrilled to report that Pixelverse successfully raised an initial $5.5 million in funding. I’m delighted to add that during this period, we welcomed on board some esteemed investors: Galaxy HQ, CRIT Ventures, ArctheCommunity, Krugermacro, Luke Belmar, and Mihailo Dudas. With their support, we are now embarking on an extension round to further fuel our growth.

— Pixelverse (@pixelverse_xyz) July 12, 2024

“This fresh investment is intended to accelerate the expansion of the Pixelverse universe, encompassing cyberpunk web games and gaming applications on the TON platform.”

At present, more than 70 million individuals have signed up for Pixelverse, while approximately 13 million of these users are active every day. The platform intends to continue growing.

Kori Leon, the Co-Founder and COO of Pixelverse, revealed that the team is actively engaged in bringing people over to the Web3 platform using game design as a means. According to Leon, the raised funds will be utilized to facilitate the company’s progression towards this summer’s Token Generation Event (TGE). Pixelverse aims to translate Web3 intellectual properties (IPs) into tangible realities, thereby making cryptocurrencies more approachable for users.

Ryan You, a partner and co-head of gaming at Galaxy Interactive, expressed his admiration for Pixelverse’s innovative strategy. He emphasized how Pixelverse could significantly contribute to the acceptance of Web3 technology within the TON network, thus influencing its economic development and shaping its user base.

As a crypto investor involved in the Pixelverse ecosystem, I’m excited about their latest game, PixelTap, which runs on the TON blockchain and can be accessed through Telegram. By connecting with Telegram, we tap into its massive user base of over 700 million people, expanding our reach and potential player pool significantly.

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2024-07-13 03:48