The post Pixelverse Secures $5.5M in Funding To Drive Web3 Gaming Innovation Worldwide appeared on BitcoinEthereumNews.com.

The capital will further expand the development of the gaming ecosystem and enhance the adoption rates of Pixelverse globally.  Pixelverse, a rising blockchain-based play-to-earn game, announced the successful closure of its latest funding round, adding $5.5 million to its capital base. The additional funds are set to improve development across its gaming ecosystem and entertainment studio, to further Web 3 gaming adoption globally.  The capital raise welcomed some of the top-tier VC firms across the Web 3 ecosystem, including Delphi Ventures, Merit Circle, Mechanism Capital. Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures. The funding round also saw participation from angel investors such as Sébastien Borget founder of The Sandbox, Luca Netz, Dingaling, DCF GOD, Grail, and James Kwon. According to Piers Kicks, founding partner of Delphi Ventures, the latest funding is expected to drive massive developments and adoption rates to Pixelverse, further cementing its place as one of the fastest-growing Web 3 games globally. Speaking on Delphi Ventures’ latest funding, Kicks added:  “We are pleased to be backing Pixelverse as they aggressively leverage Telegram’s distribution to drive a massive audience into their ecosystem. The team has a finger on the pulse of the market, and we’re excited to see what this in conjunction with community feedback brings as they deliver on their ambitious roadmap this year.” The game involves an immersive cyberpunk pixelated universe that offers captivating quest-based battles and PvE encounters. Players engage in adventure-intensive battles, collecting valuable items, and improving their skills as they progress through an extensive narrative and quest system. The latest capital raise follows a spectacular opening month for the Pixelverse gaming ecosystem, where the ecosystem welcomed over 15 million users and a further 5 million active daily users.  Speaking on the massive player growth numbers, Kori Leon, COO of Pixelverse…

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Filed under: News - @ June 13, 2024 11:14 pm