Pixelmon: Transitioning from NFT Punchline to $8 Million Raise in Preparation for MON Token Launch

Pixelmon, once marred by a disastrous NFT FOMO incident and criticized for its questionable artwork, is set to make a triumphant return to the crypto stage. Two years after an ownership change, a successful fundraiser, and an impending token launch, Pixelmon is gearing up for a promising 2024.

Seed Raise and Crypto Backing

In a significant move, Pixelmon recently announced an $8 million seed raise, attracting support from prominent figures and firms in the crypto world. Backers include Animoca Brands, Delphi Digital, Amber Group, Bing Ventures, Foresight Ventures, Sfermion, Spartan Labs, and other notable investors. Angel investors, such as Robbie Ferguson, Gabby Dizon, and Richard "Banks" Bengtson, further underscore Pixelmon's newfound strength.

Acquired in 2022 by crypto VC studio LiquidX, Pixelmon underwent a transformative phase following its infamous artwork reveal. LiquidX, claiming Pixelmon had sufficient funds for sustained operations, sought major allies for upcoming ventures. CEO Giulio Xiloyannis emphasized the importance of reputable partners aligning with Pixelmon's vision.

Pixelmon's team revamped the original, criticizing Minecraft-like artwork, opting for more premium and cartoonish creature models. The brand sought to reshape its perception while embracing its tumultuous beginnings as an NFT punchline. The team's efforts culminated in the launch of Kevin the Adventurer, a hypercasual game drawing 36,000 active players on the Base Ethereum scaling network.

Diverse Gaming Portfolio for Varied Audiences

Pixelmon's diverse output includes PixelPals, blending pet care and trading card elements, slated for release this quarter. A rebuilt version of Pixelmon Arena, a larger-scale action game, is expected later this year. The ambitious open-world role-playing adventure, Hunting Grounds, is in the pipeline for early 2025. This strategic approach allows Pixelmon to experiment and target different audiences and platforms.

Pixelmon's commitment to innovation is evident in its quarterly releases of hypercasual games designed for Web3 players. The team explores unique game mechanics, including 'degen leveraging' with player-to-player interactions, stealing points, and experimenting with anti-cheat mechanisms on blockchain-based games—an uncharted territory in the gaming world.

Pixelmon's vision extends beyond gaming, aiming to decentralize its operations through the Mon Protocol and the upcoming MON token. The Ethereum ERC-20 token will serve as an "IP protocol," incentivizing and rewarding NFT holders actively contributing to Pixelmon's growth. The Mon Protocol empowers NFT holders, allowing them to participate in decisions regarding the Pixelmon IP.

Final Thoughts

Pixelmon's journey, from NFT FOMO to strategic partnerships and decentralized governance, symbolizes the evolution of crypto gaming. With a diverse gaming portfolio, innovative approaches, and a commitment to decentralization, Pixelmon is poised to leave a lasting impact on the Web3 gaming landscape, challenging conventional norms and pioneering the future of decentralized entertainment.