Gaming • June 12, 2024, 9:14AM EDT

Telegram tap-to-earn crypto game Pixelverse raises $5.5 million from Delphi, Merit Circle, and others

Quick Take

The Telegram-based Pixelverse game, a tap-to-earn web3 title which recently launched, raised $5.5 million from a host of investors including Delphi Ventures, Merit Circle, and former Nexon CEO Joonmo (James) Kwon.
Pixelverse has attracted more than 15 million users in less than a month, according to a statement.

Telegram-based crypto gaming ecosystem Pixelverse raised $5.5 million in order to fund continued growth.

The tap-to-earn video game, which users can easily start playing through the Telegram messaging app, said in a statement that a long list of investors participated in the round, including Delphi Ventures, Merit Circle, and former Nexon CEO Joonmo (James) Kwon, who now runs Delabs Games.

Like other Telegram-based web3 games, such as Hamster Kombat and Notcoin, with Pixelverse, users can play the title by accessing the messaging app popular among the crypto community. Playing consistently gives users an opportunity to earn crypto.

"We are pleased to be backing Pixelverse as they aggressively leverage Telegram’s distribution to drive a massive audience into their ecosystem," Delphi Ventures founding partner Piers Kicks said in a statement.

Other investors that participated in the round included Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures and The Sandbox founder Sébastien Borget, the statement also said.

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