From Investing.com: 2024-06-12 14:20:43

Entertainment studio Pixelverse secures $5.5 million in funding led by gaming and Web3 investors like Delphi Ventures and Merit Circle. The investment will fuel development of their tap-to-earn model and new Web3 games, with a focus on GameFi and SocialFi elements. Pixelverse touts high user numbers, attracting 15 million users and 5 million daily active users in its first month.

Former Binance executive praises Pixelverse’s rapid adoption, calling it a “game changer” for Web3. Delphi Ventures partners with Pixelverse to leverage Telegram’s user base and expand the gaming ecosystem. Pixelverse plans to enhance their Telegram mini-app PixelTap and grow their browser-based realm with more mini-games and immersive storytelling.

Pixelverse, founded by Kirill Volgin, offers PvE battles, a “Risk-to-Earn” system, and customizable NFT bots. The game encourages third-party development through its SDK and Pixelchain infrastructure. Players collect rare items to craft bots, then upgrade and merge them for arena battles. Earnings in the game are based on the level of risk players take.

Read more at Investing.com: Telegram-focused Pixelverse raises $5.5 million to build Web3 games By Investing.com