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Pixelverse Secures Additional $2M, Brings Total Funding to $7.5M

Pixelverse Secures Additional $2M, Brings Total Funding to $7.5M
© Copyright Image: BuyUcoin Blog

Pixelverse, a web3 brand and game ecosystem, raises an additional $2 million in private funding, bringing its total funding to $7.5 million.

The latest funding round was led by Galaxy Interactive, Crit Ventures, and Arc Community, with participation from angel investors such as Alex Kruger, Coco Bear, Luke Belmar, among others.

Pixelverse aims to use the new funding to support its growth and expand its product lineswhich includes a range of mobile mini-games and mediato ensure long-term sustainability.

Source: Pixelverse

What is Pixelverse?

Pixelverse is a cyberpunk-themed game ecosystem accessible on Telegram and web browsers, boasting 70 million players and a robust web3 brand with 14 million social media followers.

Pixelverse integrates third-party developers, IPs, and its own projects, offering RPG elements and PvP battles through its PixelTap Telegram mini-game. By leveraging Telegrams tap-to-earn mechanics, Pixelverse has onboarded millions of players to mobile games that feature characters from both crypto-native and traditional web2 IPs.

The platform also features notable projects such as Huxley by Ben Mauro and supports multichain web3 characters.

Source: Pixelverse

Expansion and Future Token Generation Event

Pixelverse started as a web3 gaming ecosystem, and we are now bringing web3 IPs to the real world. Crypto is still intimidating for many users, so we are making it accessible to all through gaming mechanics, said Kori Leon, Co-Founder and COO at Pixelverse. We are expanding into Pixelverse media and several product lines to ensure the long-term sustainability and profitability of our operations. This fundraising will support our growth right before our TGE which is coming this summer.

Previously, Pixelverse raised $5.5 million from lead investors including Delphi Ventures, Merit Circle, and Mechanism Capital. The platforms quest-based cyberpunk browser games and Telegram games have registered over 70 million users, with 13 million daily active users, indicating significant demand for web3 mobile games within the Telegram and TON ecosystems.

Pixelverse has brilliantly navigated the critical challenge of disseminating their visionary concepts and products, commented Ryan You, Partner and Co-Head of Gaming at Galaxy Interactive. By driving web3 adoption around the TON ecosystem and engaging 70 million players across their games and third-party titles on their platform, Pixelverse is effectively managing the economy and community in the new digital age.

Learn more about Pixelverse >> Here

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The post Pixelverse Secures Additional $2M, Brings Total Funding to $7.5M appeared first on NFT Plazas.

Read more: https://blog.buyucoin.com/feed-exclusion/nft-news/pixelverse-secures-additional-2m-brings-total-funding-to-7-5m/

Text source: BuyUcoin Blog

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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