The $30 Million Raised by Pixelcraft Studios: The Largest Round of Financing in Web3 Gaming

03/21/2023 22:51 • Blockchain Buzz • 228 views

According to reports, Pixelcraft Studios, creator of the meta universe game Aavegotchi, said on Monday that they had raised $30 million in token sales over the years. It is said that this round of financing is the largest round of financing in the field of Web3 games so far this year, without any venture capital or investors participating. Pixelcraft Studios stated that they would receive 25% of the funding, or $7.5 million, while the agreed decentralized autonomous organization funding would receive the remaining $22.5 million.

Web3 game creator Pixelcraft Studios raised $30 million in token financing

Are you a fan of Aavegotchi, the popular meta universe game? Then you will be delighted to know that Pixelcraft Studios, the creator of this game, revealed some exciting news on Monday. According to reliable reports, they have raised an astounding $30 million in token sales over the years.
So, what is the significance of this news? How does it impact the gaming world, and what is Pixelcraft Studios planning to do with this funding? Let’s find out.

The Significance of $30 Million Raised

Pixelcraft Studios has managed to achieve a remarkable feat by raising $30 million in token sales. This round of financing is the largest round of financing in the field of Web3 games this year, without any venture capital or investors participating. This indicates that the gaming community is showing immense faith and trust in the game creator.
Moreover, it showcases the increasing popularity of Blockchain-based gaming. Aavegotchi, being one-of-a-kind, Ethereum-based game, is a pioneer in this field. By raising $30 million, Pixelcraft Studios has demonstrated that the demand for such games is soaring, and investors are willing to invest in them.

What is Pixelcraft Studios Planning to Do with the Funding?

Pixelcraft Studios has stated that they will receive 25% of the funding, which amounts to $7.5 million. The rest of the funds will be given to a decentralized autonomous organization, which will invest them back into the Aavegotchi ecosystem, making the game even better.
The primary goal of the funding is to upgrade the game and enhance the user’s experience. Pixelcraft Studios plans to utilize the funds to develop new Aavegotchi portals and introduce more Aavegotchi-themed wearables, allies, and mini-games. The developer stated that they would strive to make Aavegotchi more interactive, immersive and entertaining.

Conclusion

It is impressive to see how the gaming industry is evolving with the advent of Blockchain-based gaming. With Pixelcraft Studios raising $30 million in token sales, the potential and future of Blockchain-based gaming look extremely bright. With more investment and funding, we can expect even more innovative, exciting and immerse games in the future.

FAQs

**Q. What is Pixelcraft Studios?**
Pixelcraft Studios is a game developer that has created a popular meta universe game, Aavegotchi.
**Q. What is Aavegotchi?**
Aavegotchi is a one-of-a-kind, Ethereum-based game that operates on the principles of decentralization and blockchain technology.
**Q. What is the significance of this funding for the gaming industry?**
This funding showcases the increasing popularity of Blockchain-based gaming, and it demonstrates how investors are willing to invest in such games that operate on the principles of decentralization and blockchain technology.
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