Pixelverse, a new web3 game based on Telegram, has successfully raised $5.5 million from various investors to support its growth. The game has already attracted over 15 million users within a month of its launch.

The funding round saw participation from prominent investors such as Delphi Ventures, Merit Circle, and former Nexon CEO Joonmo (James) Kwon, who now heads Delabs Games. Other notable investors included Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, Foresight Ventures, and The Sandbox founder Sébastien Borget.

What is Pixelverse?

Pixelverse is a tap-to-earn game that allows users to earn cryptocurrency by playing the game through the Telegram messaging app. This model is similar to other Telegram-based web3 games like Hamster Kombat and Notcoin, making it easy for users to start playing and earning.

Delphi Ventures founding partner Piers Kicks expressed confidence in Pixelverse’s potential, highlighting the strategic use of Telegram’s distribution to build a large user base. The rapid growth in users and the substantial funding round underscore the game’s appeal and the investors’ belief in its future success.

Growing Interest in Web3 Gaming

The success of Pixelverse reflects a growing trend in the gaming industry towards integrating blockchain technology and cryptocurrencies. Web3 games like Pixelverse are attracting significant attention and investment, indicating a shift in how games are played and monetized.

With its recent funding and rapid user growth, Pixelverse is poised to make a significant impact in the web3 gaming space. The support from high-profile investors and its innovative tap-to-earn model suggest a promising future for the game and its community.