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Pixelmon: NFT Evolution and Decentralized Gaming
Pixelmon’s Crypto Journey: From NFT FOMO to Promising Future
Pixelmon has come a long way since its inception as a controversial NFT project that garnered a staggering $70 million in sales for less-than-attractive Pokémon knockoffs, leading even the game’s founder to label the artwork a “horrible mistake.” Fast forward two years and a change in ownership, Pixelmon is now poised for a significant year ahead in 2024.
Seed Raise and Backing
- Pixelmon recently announced an $8 million seed raise, with notable backers in the crypto sphere such as Animoca Brands, Delphi Digital, Amber Group, Bing Ventures, Foresight Ventures, Sfermion, Spartan Labs, and others.
- Angel investors include industry figures like Robbie Ferguson from Immutable, Gabby Dizon from Yield Guild Games, and Richard Banks Bengtson from FaZe Clan, among others.
Evolution and Strategy
- Following its acquisition by crypto VC studio LiquidX in 2022, Pixelmon underwent a transformation, revamping its initial Minecraft-like artwork into more premium, cartoonish creature models.
- The current Pixelmon team has developed games around the crypto IP, including the popular “Kevin the Adventurer” and upcoming titles like “PixelPals” and “Hunting Grounds.”
Diversified Offerings
- Pixelmon is diversifying its portfolio with games catering to different audiences and platforms, aiming to experiment and innovate in the Web3 space.
- The team plans quarterly releases of hypercasual games, exploring unique gameplay mechanics and interactions on the blockchain.
Decentralized Vision and Mon Protocol
- Pixelmon’s ambitious goal is to emulate the success of Pokémon as a global entertainment franchise but in a decentralized manner through the Mon Protocol.
- The upcoming MON token, an Ethereum ERC-20 token, will power the Pixelmon ecosystem, incentivizing NFT holders to contribute to the brand’s growth and governance.
Pixelmon’s journey from NFT punchline to a promising player in the crypto gaming space exemplifies the industry’s dynamic nature and the potential for reinvention with strategic partnerships and innovative tokenomics. The evolution of Pixelmon serves as a testament to the resilience and adaptability required in the ever-evolving world of blockchain gaming and NFTs.
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