Pixelverse has successfully raised an additional $2 million from venture capital firms and private investors, bringing its total fundraising to $7.5 million. This announcement comes shortly after the launch of their new Telegram-based crypto game.
The recent funding round saw participation from Galaxy Interactive, Crit Ventures, and Arc Community, along with notable individual investors in the crypto space such as Alex Kruger, Luke Belmar, Mike Dudas, and the pseudonymous Coco Bear.
Pixelverse co-founder and COO Kori Leon stated, “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 token generation event (TGE) this summer.“
The Web3 gaming project, which has already secured backing from Delphi Ventures, Merit Circle, and Mechanism Capital, aims to use the funds to fuel its expansion and development efforts.
Pixelverse’s quest-based cyberpunk browser and Telegram games have been a hit, with over 70 million registered users and 13 million daily active users. Their latest release, PixelTap, is a tap-to-earn game that operates on the TON blockchain and is accessible through the Telegram messaging app.
Telegram clicker games, such as PixelTap, have been gaining popularity recently. These games utilize the TON blockchain, allowing players to earn in-game rewards. Other notable titles in this genre include Hamster Kombat and Notcoin. Hamster Kombat claims to have more than 250 million users, though this figure may include bots.
The TON blockchain, originally launched as the Telegram Open Network by the messaging app, continues to grow in popularity. Telegram itself, widely used within the crypto community, is approaching 1 billion users.
Summary Review: Pixelverse’s recent $2 million fundraising round underscores the growing interest and investment in Web3 gaming and blockchain-based applications. The additional funds will support the company’s expansion and product development efforts as it prepares for its upcoming token generation event this summer. With a strong user base and innovative gaming solutions like PixelTap, Pixelverse is well-positioned to capitalize on the increasing popularity of blockchain gaming, particularly on platforms like Telegram. The continued support from both venture capital firms and prominent individual investors highlights the potential and promise of Pixelverse’s vision for the future of gaming and blockchain integration.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
