Recently, Pixelverse has gained $5.5M as a part of its funding round, a major development for the Web3 ecosystem. Before we hop onto the main agenda of the news, let’s clear some basics!
What Is Pixelverse?
Pixelverse is a P2E game based on blockchain technology that connects players and games in a fun, cohesive environment. It’s all about gathering your friends and engaging in a battle, using your skills to the best, and making money while having fun.
What Is Web3 Gaming?
The Web3 ecosystem has revolutionized the gaming industry, not only providing users with an escape from the traditional gaming system but also providing them a chance to engage in innovative gaming in decentralized ways. Web3 gaming refers to a decentralized gaming process in which ownership of gaming assets and decision-making about every aspect of gaming is assigned to a platform or ecosystem rather than a central authority.
Web3 VC Giants Support Pixelverse For The Expansion Of Global Web3 Gaming
After the Pixelverse game based on blockchain technology, announced a successful funding round of $5.5M, the growth of the Web3 ecosystem could be envisioned. Merit Circle and Mechanism Capital participated in the investment round, which was headed by gaming and Web 3 VC Delphi Ventures. Large Brain Holdings, LiquidX, Bitscale Capital, Ghaf Capital, and Foresight Ventures. Participants in the investment round included angel investors James Kwon, Luca Netz, Dingaling, DCF GOD, and The Sandbox creator Sébastien Borget.
“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.”, said Piers Kicks, founding partner of Delphi Ventures.
Pixelverse’s rapid uptake positions it as a “trailblazer” in the Web 3 gaming market by making play-to-earn platforms accessible to Web 2 players. By 2024, the P2E game is anticipated to have over 100 million players, allowing more traditional players to become a part of the vast Web 3 ecosystem and enhancing the Pixelverse ecosystem to the point where it becomes a worldwide sensation similar to Web 2 games like Call of Duty, EAFC, GTA, and so forth.
Nevertheless, increasing engagement in Web 3 games and micro apps has been made possible by Pixelverse’s valuable Tap-To-Earn narrative. The innovation functions at the nexus of GameFi and SocialFi, earning it the moniker “the NotCoin of gaming” according to its Tap-to-Earn structure.
That’s all in today’s bulletin! See you soon with more interesting updates, only at ReadingCrypto.
