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Pixie Chess Raises $5.2 Million in Seed Funding Led by Paradigm

According to the official announcement, Pixie Chess secured $5.2 million in seed funding from Paradigm, SEED CLUB, and angel investors for its Web3 crypto chess game built around collectible and competitive gameplay.

Summary

Pixie Chess said in an official announcement that it completed a $5.2 million seed round led by Paradigm. SEED CLUB and several angel investors also participated. The project is a Web3 crypto chess game that combines collectible, synthesis, and competitive gameplay.

Terms & Concepts
  • Seed round: An early-stage funding round used to finance product development, hiring, and initial growth before later venture capital stages.
  • Web3: A blockchain-based model of internet services that typically emphasizes user ownership, crypto assets, and decentralized applications.
  • Angel investors: Individuals who provide early capital to startups, often at high risk and before larger institutional rounds.