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

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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 th

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

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

1. Introduction
– Brief explanation of PixelCraft Studios’ recent achievement
2. The Meta Universe Game, Aavegotchi
– Description of the game
– Experiences it provides
3. The Round of Financing
– Information on the token sale and the amount raised
– Details regarding the financing
4. The Significance of This Funding Round
– Discussion about the importance of this funding round
– Benefits for PixelCraft Studios
5. Future Plans for PixelCraft Studios
– Possible future investments and developments
6. Conclusion
– Recap of PixelCraft Studios and Aavegotchi’s achievements
7. FAQ
– What is a decentralized autonomous organization funding?
– Is Aavegotchi’s popularity expected to grow with this round of funding?
– What makes Aavegotchi unique and different from other meta universe games?

Article:

**PixelCraft Studios Raises $30 Million in Token Sales to Drive Web3 Gaming Innovation**
PixelCraft Studios, the creators of the innovative meta universe game Aavegotchi, recently announced that they have raised an impressive $30 million in token sales over the years; this is the largest round of funding raised in the field of Web3 games so far this year, without any venture capital or investors participating.

The Meta Universe Game, Aavegotchi

Aavegotchi is a blockchain-based game that blends DeFi (decentralized finance), NFTs (non-fungible tokens), and gaming into one immersive experience. The game’s unique combination has seen it gain popularity in the gaming community. Players collect and trade ghosts (called Aavegotchis) through NFTs that can be used as collateral in DeFi applications.
It offers an exciting and unique gaming experience, with players able to explore a world that is both interactive and immersive. The game follows the story of an Aavegotchi as they evolve and grow more powerful, providing players with an expansive world to discover.

The Round of Financing

PixelCraft Studios stated that they would receive 25% of the funding, which equates to $7.5 million. The remaining $22.5 million would go to the decentralized autonomous organization (DAO) funding. This funding is specifically designated for further development and growth of the Web3 gaming ecosystem, providing financial assistance to various indie developers worldwide.
The token sale had been in the market for almost two years, and it had already received over 1.8 million bids before the project was capped. Pixelcraft sold a total of 8.8 million PIXEL tokens, 88% of the maximum fixed supply of 10 million.

The Significance of This Funding Round

This round of funding is undoubtedly a significant achievement for PixelCraft Studios. The money raised will go a long way in advancing the development of the game, improving users’ experience and bringing more opportunities for gaming enthusiasts. Moreover, PixelCraft Studios’s success highlights the bigger picture of the Web3 gaming world, showcasing the industry’s potential and setting a benchmark for the future of the gaming industry worldwide.
The funding round is also significant because it establishes the potential of decentralized gaming ecosystems. The funding aims to promote the growth of decentralized gaming ecosystems, creating opportunities for smaller artists and developers to showcase their skills, ideas, and innovations in the gaming industry.

Future Plans for PixelCraft Studios

PixelCraft Studios has not revealed many of its future plans publicly. However, with $7.5 million in their accounts and access to further funding through the DAO funding, we expect further success from PixelCraft Studios. The company mentioned that it plans to invest in research, game development, and innovations in the Web3 gaming ecosystem.

Conclusion

PixelCraft Studios has shown that the gaming industry is evolving and expanding, especially in the Web3 gaming sector. Aavegotchi provides players with an excellent opportunity to experience immersive gaming through NFTs and DeFi applications, making it stand out from other conventional games. The round of funding that the company raised is a significant milestone that proves the potential of decentralized gaming ecosystems. PixelCraft Studios’s future, along with Aavegotchi’s, looks bright.

FAQ

Q. What is a decentralized autonomous organization funding?
DAO funding is a decentralized financing model used by various decentralized organizations to secure financial resources. These organizations are formed on the blockchain and operate independently without the need for a centralized authority. In this case, PixelCraft Studios is using this model to raise capital to invest further in gaming development.
Q. Is Aavegotchi’s popularity expected to grow with this round of funding?
There’s a good chance that the game’s popularity will continue to grow with the funding it has recently received. The funding offers PixelCraft Studios the chance to invest in further game development, ultimately improving the gaming experience for players. Additionally, the Web3 gaming industry is growing, offering Aavegotchi and other games like it opportunities for a broader audience.
Q. What makes Aavegotchi unique and different from other meta universe games?
Aavegotchi distinguishes itself from other meta universe games in that it offers players unique and exciting experiences through NFTs, DeFi, and gaming. Players can trade ghost tokens (Aavegotchis) using NFTs as collateral for DeFi applications. This process allows players to earn rewards, creating newer and immersive experiences.

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