Pixelverse, the developers of a Telegram-based crypto game, have successfully raised an additional $2 million from a group of venture capital firms and private investors. According to a recent statement, investors such as Galaxy Interactive, Crit Ventures, and Arc Community participated in this funding round, alongside well-known names in the crypto space like Alex Kruger, Luke Belmar, Mike Dudas, and the pseudonymous Coco Bear.

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What is Pixelverse?

Pixelverse is a cyberpunk-themed browser-based game, and Telegram mini-app. The game ecosystem is known for its engaging gameplay and commitment to web3 integration. Featuring a robust anti-cheat system, Pixelverse aims to offer a low-barrier entry game to onboard users into web3, providing true ownership of in-game assets and rewarding dedicated players.

Details of Fresh Funding and Ecosystem Growth

The funding follows shortly after Pixelverse launched their cyberpunk browser and Telegram games, which have attracted a significant user base. The gaming ecosystem currently boasts over 70 million registered users, with 13 million active daily users. This funding round is intended to support Pixelverse's expansion into media and other product lines, aiming for sustainable growth and profitability.

Pixelverse's co-founder and COO, Kori Leon, expressed confidence in the funding's impact: "This fundraising will support our growth right before our TGE which is coming this summer." With this latest round, Pixelverse has raised a total of $7.5 million, with backing from investors including Delphi Ventures, Merit Circle, and Mechanism Capital.

Previous Raise of $5.5 Milllion

Telegram Games on the Rise in Crypto

Telegram clicker games have garnered attention within the crypto community by integrating with the TON blockchain, originally developed by Telegram. These games enable players to earn rewards while utilizing Telegram, a platform nearing 1 billion users globally.

Leading examples of such games include Hamster Kombat and Notcoin, known for their engaging gameplay mechanics and blockchain integration. Hamster Kombat, in particular, claims a significant user base, although exact figures are complicated by the presence of automated accounts.

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Pixelverse Tap-to-Earn Game; PixelTap

Pixelverse recently introduced PixelTap, a tap-to-earn game utilizing the TON blockchain, accessible through the Telegram messaging app. This strategic move aims to capitalize on the rising interest in blockchain-integrated gaming experiences, leveraging Telegram's extensive reach among crypto enthusiasts.

In the evolving landscape of blockchain technology and gaming, Pixelverse emerges as a prominent player, focusing on innovation and user engagement. With substantial financial support and a growing user community, Pixelverse is well-positioned for further growth and influence within the web3 gaming ecosystem.