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.

Interpretation of this information:

Pixelcraft Studios, the creator of the meta universe game Aavegotchi, has announced the successful completion of a $30 million token sale. This funding round is the biggest that the Web3 gaming industry has seen so far this year, and it did not involve any venture capital or investors. Instead, the funds were sourced from the community, with 25% going to Pixelcraft Studios and the remainder to a decentralized autonomous organization (DAO).

Pixelcraft Studios has been pioneering the development of Web3 games, and Aavegotchi is a prime example of this. The game is built on the blockchain and uses non-fungible tokens (NFTs) as the game’s primary asset. This approach enables players to actually own their in-game assets, creating a new level of immersion and investment in the game.

The success of the token sale is a clear indication of the growing interest in Web3 gaming and the potential for community-driven funding in this sector. By involving the community in the funding process, Pixelcraft Studios has created a strong sense of ownership and responsibility among their supporters, potentially leading to increased engagement and loyalty towards the game and its ecosystem.

In terms of the distribution of funds, Pixelcraft Studios will receive 25% of the $30 million, which amounts to $7.5 million. The remaining $22.5 million will be allocated to the DAO, which will use the funds to support the growth and development of the Aavegotchi ecosystem.

In summary, Pixelcraft Studios has successfully raised $30 million in a community-driven token sale for their Web3 game Aavegotchi, the largest funding round in the Web3 gaming industry this year. The funds were raised without the involvement of any venture capital or investors, highlighting the potential for community-driven funding in this sector. The distribution of funds will see Pixelcraft Studios receive 25% while the DAO will receive the remaining 75%. The keywords for this content are: Pixelcraft Studios, Aavegotchi, community-driven funding.