{"id":83974,"date":"2024-07-12T10:40:09","date_gmt":"2024-07-12T14:40:09","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=83974"},"modified":"2024-07-12T10:40:13","modified_gmt":"2024-07-12T14:40:13","slug":"pixelverse-secures-2m-from-web3-vcs","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/pixelverse-secures-2m-from-web3-vcs\/","title":{"rendered":"Pixelverse Secures $2M from Web3 VCs"},"content":{"rendered":"\n

Pixelverse, a Web3 brand and game ecosystem<\/a>, has secured an additional $2 million in private financing, bringing its total to $7.5 million, according to the most recent updates shared with Finbold on July 12.<\/p>\n\n\n\n

\"Pixelverse
Pixelverse Secures $2M from Web3 VCs<\/figcaption><\/figure>\n\n\n\n

The funding was provided by Galaxy Interactive, Crit Ventures, and Arc Community, with angel investors such as The Block founder Mike Dudas, Coco Bear, Luke Belmar, and Alex Kruger participating.<\/p>\n\n\n\n

The Pixelverse ecosystem, home to millions of participants, is expected to be further stimulated by the new investment round.<\/p>\n\n\n\n

Delphi Ventures, Merit Circle, and Mechanism Capital were prominent investors in the initial $5.5 million round.<\/p>\n\n\n\n

Pixelverse's cyberpunk-themed browser and Telegram (TON) games have attracted more than 70 million registered and 13 million active daily users, indicating a robust demand for Web3 mobile games within the Telegram ecosystem<\/a>.<\/p>\n\n\n\n

The team's emphasis on long-term sustainability was addressed by Kori Leon, Co-Founder and COO of Pixelverse, who stated:<\/p>\n\n\n\n

\n

\u201cPixelverse 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. 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.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Pixelverse is committed to revolutionizing Web3 gaming by utilizing the attention economy to develop highly engaging experiences.<\/p>\n\n\n\n

Ryan You, Partner and Co-Head of Gaming at Galaxy Interactive, expressed his admiration for Pixelverse's innovative approach, stating:<\/p>\n\n\n\n

\n

\u201cPixelverse has brilliantly navigated the critical challenge of disseminating their visionary concepts and products. 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. We are pleased to support Pixelverse in their journey, recognizing their potential to set new benchmarks in the integration of decentralized technologies and interactive entertainment.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Pixelverse has recruited millions of players to mobile games featuring popular characters from crypto and Web2 IPs by integrating Telegram's tap-to-earn mechanics with social features.<\/p>\n\n\n\n

Pixelverse has emerged as a prominent developer of Telegram mini-app games, leveraging the network effects of Telegram's 700 million users.<\/p>\n\n\n\n

VCs interested in the burgeoning TON ecosystem\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> have been attracted to its capacity to develop games accessible to a broad audience.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pixelverse, a Web3 brand and game ecosystem, has secured an additional $2 million in private financing, bringing its total to $7.5 million, according to the most recent updates shared with Finbold on July 12. The funding was provided by Galaxy Interactive, Crit Ventures, and Arc Community, with angel investors such as The Block founder Mike […]<\/p>\n","protected":false},"author":36,"featured_media":83975,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[20463,20462],"class_list":["post-83974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-pixelverse","tag-web3-vcs"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/2-Pixelverse-@pixelverse_xyz-_-X-and-4-more-pages-Personal-Microsoft_-Edge-22_03_2024-16_21_37-1.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=83974"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83974\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/83975"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=83974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=83974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=83974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}