Pixelverse raises $5.5M from top VCs and Web3 founders to help help web3 games expand globally

Web 3 gaming and entertainment studio Pixelverse has reportedly secured $5.5 million in venture capital funding.
Pixelverse Entertainment Studios and the Web 3 Game Ecosystem plan to use the funding to expand the reach of Web 3 games.

Pixelverse financing situation

Pixelverse has successfully raised $5.5 million from venture capital funds and angel investors in a competitive funding round.
What's more important is that many of the angel investors participating in this round of financing have solid backgrounds in the gaming and Web 3 fields.
Investors include Delphi Digital, Merit Circle, Mechanism Capital, Bitscale Labs, etc., as well as angel investors such as Sebastien, co-founder and chief operating officer of The Sandbox, dingaling, a senior NFT user player, and co-founder of BreederDAO, a leading Web3 gaming company and CEO BreederDAO et al.

Pixelverse background situation

Pixelverse is a mission-based combat game set in a cyberpunk pixelated universe. Players enter the game as a Freelancer, where they can participate in missions, PvE battles, craft and upgrade bots, and battle other players in the arena. Third-party game developers can easily plug into Pixelverse through the Pixelverse SDK and Pixelchain.

Phenomenal performance of Pixelverse

Pixelverse has attracted more than 15 million users in less than a month. For comparison, it took Instagram nearly a year to reach 10 million users.
Pixelverse is the pioneer of Tap-to-Earn, merging GameFi and SocialFi. There are 10 million battles taking place every day on their Telegram app PixelTap.
Pixelverse leveraged Telegram to drive massive audience growth and has become one of the most viral products in tech history. Pixelverse currently averages 5 million daily active users.

Pixelverse project progress

Pixelverse and Blum are currently joining forces to accelerate the development of cryptocurrency.

Pixelverse development prospects

Pixelverse has now passed the inflection point, making mass adoption a reality.
Next, they aim to transition 100M Web2 gamers to Web3.
The Pixelverse team has reportedly hired an experienced art director to help further develop the platform, and the browser-based realm will expand with more mini-games and storytelling.