Quick take:
- Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, Foresight Ventures and The Sandbox founder Sébastien Borget also joined the round.
- The company will use the fresh capital to accelerate its growth campaign.
- The company said in a statement that Pixelverse’s Web3 game has already attracted over 15 million players in under a month.
Pixelverse, the tap-to-earn game on the crypto community-driven messaging app Telegram has completed a $5.5 million funding round from Delphi Ventures, Merit Circle, and former Nexon CEO Joonmo (James) Kwon.
The fundraising also attracted participation from Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, Foresight Ventures and The Sandbox founder Sébastien Borget.
Pixelverse Web3 game is accessible directly from the Telegram messaging app. The company claims that the game has already attracted more than 15 million users in just a month. Players can earn crypto rewards based on their playing activity.
Commenting on his company’s participation in the round, Delphi Ventures founding partner Piers Kicks said in a statement: “We are pleased to be backing Pixelverse as they aggressively leverage Telegram’s distribution to drive a massive audience into their ecosystem.”
Pixelverse is part of a rapidly growing gaming community on Telegram that includes Notcoin, whose native token was recently listed on multiple crypto exchange platforms, Hamster Kombat.
In April, Pixelverse partnered with Mon Protocol as part of its strategy for onboarding users.
Kori Leon, COO of Pixelverse and former Binance Listing team commented: “Never in my time at Binance did I see a company with such strong adoption metrics in such a short space of time. Pixelverse is truly a game changer for web3 adoption and it’s incredible to see not only the growth in our userbase but also the deep connections and interactions formed within the community.”
“Closing this round will allow us to expand our adoption strategy as we continue on our journey to become a leading gaming and entertainment hub not only in the web3 space but globally.”
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