Pixelverse, an entertainment studio and gaming ecosystem in a cyberpunk style focused on Web3, has raised $5.5 million in a funding round led by venture capitalists and leaders in the Web3 and gaming industries.

Key investors in this round include Delphi Ventures, Merit Circle, Mechanism Capital, as well as angel investors such as Sébastien Borget, Luca Netz, Dingaling, DCF GOD, Grail, and James Kwon.

The funds will be used to expand Pixelverse's gaming ecosystem and increase its global reach.

In its first month of operation, Pixelverse attracted over 15 million registered users and more than 5 million daily active users thanks to its cyberpunk-themed quest browser and Telegram games.

Corey Leon, COO of Pixelverse and former member of the Binance Listing team, commented:

Piers Kicks, a founding partner of Delphi Ventures, highlighted Pixelverse's potential, stating:

Pixelverse, dubbed the "NotCoin of gaming," has introduced a Tap-to-Earn model that rewards users for participating in Web3 games and mini-apps. The platform operates at the intersection of GameFi and SocialFi, attracting users with unique incentives and gaming experiences.

In Pixelverse's Telegram mini-app, PixelTap, there are more than 10 million battles daily, demonstrating high user engagement. Meanwhile, the platform's browser games are expanding, offering a variety of mini-games and interactive storytelling.